last December 's former Prime Minister Giuliano Amato , speaking at a conference, has proposed the use of a' wealth tax :
"Italy says he does not need to be guaranteed, and it is true because it has a high public saving and low private debt. What does it mean? What Italy is somehow able to pay debt, there is liquidity. And why does not begin to repay, since this has so little personal savings and private debt? Istat said that our total debt amounted to about € 30,000 for Italian. Not so giant. A third of this debt down would put Italy in an area of \u200b\u200babsolute security. It could get to about 80 percent of GDP. A third means, probably, require a third of Italians, theoretically, to pay one third of the 30,000. It 's so scary bread, among those who have more than those with less, € 10,000 to solve a problem so serious? "
The proposal opens the way to criticism. This would be an unconstitutional measure, going to hit the economy. While the Constitution requires the Republic to not only protect the child, but to encourage them (art.47).
A possible property tax would also create a climate favorable to 'emergence sources of income, income and savings themselves. But this proposal seems to stem mainly from the mistaken belief that an increase in public spending, now barred from 'substantial amount of debt, is the best way to jump-start development.
In a recent letter to the Corriere della Sera Prime Minister Silvio Berlusconi , pressured by well-known events, suggests an alternative perspective.
Berlusconi outlines "a plan of the government whose focus is the constitutional reform of Article 41 months announced by Minister Tremonti, drastic measures and allocation of public property on the market and broad tax relief to the business and of young people ".
also declares: "Before putting a property tax on the middle class that afraid and paralyzed, a tax which, however, under my government will never let us think of a virtuous exchange, greater freedom and tax incentive investment increases the tax base today against hidden ".
The envisaged in the right direction, pointing to increased production of real wealth, not to an inefficient redistribution of wealth that already exists, masked by growth. But it takes more courage developments.
The big problem of 'Italy is its south. There, government spending is of worse quality and more unproductive. But above all there, in proportion to the contribution to the national production of young people, women and business is less. A strong increase of the tax base of the South would lead to a virtuous held national debt.
It seems reasonable to expect that strict enforcement organized crime associated with large and intense liberalization measures and tax relief may finally put in motion a process of developing healthy and lasting.
But the 'intervention must be brave, focused and able to affect so many relevant factors. You should not hesitate to drop completely from the company's labor agreements by national collective agreements, while also providing the possibility of lower wages.
Tax incentives should be applied to investment favoring the reduction of taxes on income from new jobs and new businesses. It should reward that not every initiative, but the really vital business initiatives and are able to produce jobs and wealth.
Particularly important is to stimulate the 'access to work and to' company for young people and women. Objective to be achieved without new spending, but especially by acting on the contract terms and wages of entry.
is to take an unbiased attitude, which is facing with the new realism of the difficulties posed by globalization . aware that an increase in wages can only come from an increase in the productivity of enterprises and of 'efficiency of the system, from a higher level of innovation and higher quality products and services.
It 's a tough therapy, capable of producing a lot of legitimate resistance. We also know what politicians in a democracy are concerned with getting approval, without which it governs. But are the circumstances to impose the same vision and bitter medicine.
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