Month: July 2015

After decades of funding the most fancy and unproductives aspects of the welfare state by raising taxes, politicians have discovered that too much is too much. So cutting taxes has become the mantra of right- and left-wing politicians alike.

There is one problem, though. Citizens have become unresponsive (i.e. they don’t believe anymore to “tax cuts” promises).

One suggestion to politicians in need of recovering citizens’ confidence: instead of saying “I will cut this tax”, say “I will cut this expense”.

The Christian religion explains the mess of the world we live in with the Original Sin that has destroyed the good nature that would otherwise be in us.

The Original Sin cannot be undone but Baptism and adherence to the Religion’s precepts promise to make us reborn people.

How can this help sorting out the European mess experienced of these days? Here, too, we have an original sin: greedy Greek politicians bent on lighting new debts from greedier bankers bent on dispensing the banks’ assets as if they were candies for children.

Alas, that original sin cannot be undone and there is no baptism redeeming people. There are two precepts, though, that can help people’s rebirth.

1. If a bank manager recklessly lends money to a country and the loan goes sour, the manager pays. There is no room for excuses like “the country showed bogus accounts” because 1/10 of the diligence bank managers put when a small enterprise requests a loan should be enough to detect holes in the accounts of a country.
2. If a bank risks failing because its managers have recklessly rented money to greedy politicians, the bank fails. No socialising of losses. Notionally the state can decide to rescue the bank, but bank shareholders get the reward the deserve for their lack of vigilance (aka connivance): nothing.