News /
Poland goes bankrupt? [110]
And this is the real problem - the majority of Poles are fundamentally socialist.
You really should look at the figures instead of buying into propaganda. which one of these is socialist?
UK:
Basic tax rate 20%
Higher rate 40%
top rate 50%
Main rate for corporation tax 27%
VAT rate 20%
Sovereign states by public debt rating 21
Insurance rate 12. 8%
rate of gov spending 47.3 percent of GDP
Overall tax revenue 38.9% of GDP
Poland:
basic rate 18%
top rate 32%
corporate tax 19%
VAT rate 23% standard rate and 5%/8% on food
Sovereign states by public debt 50
Insurance rate 13.71%
Rate of gov spending 43.3% percent of GDP
Overall tax revenue 34.9 % of GDP
Based on the above stats, I would note that Poland has a smaller public sector than the UK+taking into account that Poland still possess public assets that it can sell and is selling worth billions of dollars, and the UK does not Poland is in an infinitely better position.
As to the political appetite for reform, in Poland the government is currently undertaking pensions reform, in the UK the government wouldn't dare to mention the subject.
Socialists, which socialists?
Seems to me it is the UK that is in much need of a double dose of Thacherism, but given the strong class hatred prevalent in UK society, it is going to be very hard to achieve.