Review & Outlook: Spain and Taxes - WSJ.com
It is amazing how governments and, of course, those who are socialistically inclined, don't realize that entrepreneurs create jobs that are long lasting and that government is a leach.
As such, they need to lower taxes, lower regulations and let those who are and can be successful receive and retain the fruits of their labors.
52% tax rates are anathema to that.
Let's go down to 20% tax rates, easy bankruptcy laws and respect for property rights.
If these tax rates don't pay the socialist bills, then don't pay them.
Otherwise, as is so blatantly shown throughout Europe and the US, people will be jobless, government debts will grow and the day of reckoning will become all that harder.
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