Welcome to socialist utopia la la land.
The government intends to pay for it’s loans to Greece by increasing the VAT tax and income taxes, as well as a ‘special tax’ on the the so called wealthy. In Finland unfortunately, class warfare rhetoric is normal political language which barely raises an eyebrow if at all.
So lets see if I get this straight.
Finland borrows a billion Euros to help the utopian socialsts in Greece -in what appears to be an impossible Rube Goldberg situation doomed to failure- which means that they have to squeeze yet more income from its own citizens who are already experiencing the decay of their own socialist utopian welfare state. The “conservative” led government under the guidance of the National Coalition, not only loves big government VAT, but also seeks to victimize small business owners who comprise the vast majority of the 100 000 euro income earners.
Just where is the incentive for small business to grow their businesses, and by default the Finnish economy, if the state punishes them with a so called “fair share” tax? But the so called “conservatives” are not stopping there, no way, they seek to further punish the citizen, this time those who have more than a million Euros in accumulated wealth, in the new ‘death tax’. This ensures that the stealing of private wealth by the state continues even after the person who acquired that wealth is no longer breathing.
Theft is theft, and the Finnish statists, whether they belong on the Right of Left side of the political aisle, are at war against the private citizen, the individual, who long stopped being citizens, but are in fact subjects, whose main reason for existing is to serve the government whenever it suits the statist.
The government has announced an increase in value added tax (VAT) across the board by one percentage point. The increase will, for example, affect foodstuffs and medicine. Changes are also in store for pensions and unemployment benefits.
Prime Minister Jyrki Katainen indicated tax hikes will take precedence over saving cuts in the government’s budget plans. Savings of 2.7 billion euros are envisaged by the government. These will be financied by 1.5 billion euros in tax increase and 1.2 billion euros in cuts.
Income tax will effectively go up as, for the next two years, taxpayers will not receive cost of living index adjustments.
Other measures include the imposition of a so-called solidarity wealth tax for those earning over 100,000 euros annually. A new tax level will be introduced for inheritances of over one million euros.