I am Bullish on Spain
“Last year we cut income tax
and tax revenues still went up,”
Mariano Rajoy
Spain’s Mariano Rajoy is promising a fresh round of tax cuts if he is re-elected prime minister next month, risking a showdown with Brussels over Madrid’s chronic budget deficits as he courts voters eager to shrug off a long era of austerity.
Apparently Rajoy figure out that after some threshold if you raise taxes tax revenues go down! yes down! In my countyry Portugal goverment from left to right have been raising taxes every year and the economy is tanking.
I am bullish on SPAIN if Rajoy wins
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