Economic security

Europ's Economic Death Spiral

Europe suffers from extremely high taxes and social security contributions combined, which accounts for around 50% of the business cost which has produced nothing but higher levels of unemployment. In the US and Asia, the comparative rates are between 30% and 40%. Europe just cannot compete in the world economy and is slowly dying.

Macron wants to unify the corporation tax of all EU states or at least the Eurozone members and to make them available to an EU for infrastructure investments. Macron still fails to see that higher taxes produce lower economic growth. Until politicians wake up and see themselves are the source of the problem, there is little hope in producing meaningful economic reform anywhere in the world.After all EU countries suffer from financial distress, the plan can only lead to even more taxes being collected and not less. This also limits the scope of the holdings.

The development of the internal market is constantly being discussed because Europe cannot really compete in the world economy with a high tax burden. However, the fundamental obstacle to creating the internal market within Europe they believed would be settled with a single currency. But that has not proven to be correct as it has merely imposed austerity upon Southern Europe after forcing their past debt to be redenominated in Euro, which then doubled in real value.