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Peti Bacsi's avatar

Very good read (again). Funny you mentioned about the lack of income / taxes for the EU. I just read a good piece by Tom Luongo how the EU is trying to get around that by issuing bonds (SURE bonds during Covid, and now possibly a 100b euro bond for weapons). But for that they’ll need to demonstrate that they have an income source, so they may find a way to introduce taxes …

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Kevin Batcho's avatar

Thanks. I meant to listen to an interview with Luongo before finishing this. I was wondering the same thing, how do you issue bonds without an income stream to repay them?

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Peti Bacsi's avatar

They will try to introduce taxes somehow. Their ultimate wet dream.

OTOH, the SURE bonds ended up being a total failure.

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