It's called Socialism

Thursday, August 03, 2017 Francisco Carneiro 0 Comments

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In a per capita measure growth in Europe goes pari-pasu with the US. See the BCA research excellent graph.
What is very different between the US & Europe is who spends the GDP, in Europe taxes are huge and the state does the spending for the people. It's called Socialism. In the graph below you can see that my country Portugal has one of the highest taxes in the world.






















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