The official story is that the U.S. economy grew by 1.1% in the first quarter. This number is heavily modified and tells us nothing. We have the real numbers.
The more a tax system relies on financial markets, the more volatile and unpredictable those tax revenues will become. There is no doubt that the U.S. government is experiencing that in real time in 2023.
This marks the second year in a row that the socialist-communist coalition government of Pedro Sanchez has failed to adequately use the generous subsidies from the European Union.
Nikolas Stihl lamented that Germany is becoming increasingly unappealing as a location for entrepreneurs, businesses, and industrial manufacturing, so much so that could ultimately lead to the deindustrialization of the country.
The best way to understand the thought leadership behind Hungary’s economic success is to examine the 2016 tax reform, which created perhaps the simplest and most ingenious small-business tax in the world.
