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This tag is associated with 8 posts

Spain’s super-rich are having a good crisis

While the majority get poorer, Spain’s super-rich get richer. Fresh evidence of a widening gap between the one percent and the rest. Read my piece on Liberal Conspiracy blog

Hollande ‘guts’ 75% wealth tax?

France’s Socialist President Francois Hollande’s key ‘soak the rich’ 75% tax pledge has been drastically watered down, according to Le Figaro which doesn’t reveal its source. The tax as originally proposed won’t apply to rich couples. And it will only apply to income, not property or financial assets. A single person will be taxed if … Continue reading

For Italy’s One-Percent, La Dolce Vita Rolls On…

The rich don’t pay taxes. Everybody knows that. Especially in Italy, where governments have stayed firmly on the side of the 1%.  In the Republic of Yachts (Counterpunch)

Golden goodbyes for bosses as workers fast tracked to dole

Labour reforms make firing Spanish workers cheap. But it’s still a golden hand-shake for their bosses. It’s yet another case of one rule for the many and another for the lucky few. Spain’s right-wing government recently passed changes to labour laws that will make it much easier and cheaper for bosses to fire their workers. The … Continue reading

Italians poorer, wealth gap widens

Poverty is on the increase among Italians and so is inequality of wealth, according to the Bank of Italy. Figures from the country’s central bank show that in 2010 14.4% of Italians were poor – defined as having an income lower than half of the average – up one percentage compared to 2008. The proportion of … Continue reading

Italy is not broke, the country has loads of money

New figures from the Bank of Italy put paid to all the nonsense that Italy is broke. They show that Euros 9.5 trillion is tied up in household wealth. That’s a vast resource that if tapped would solve the country’s public finances overnight and provide plenty of resources for growth, jobs and high quality public … Continue reading

Sarko’s « shielding the oligarchy from the economic crisis » says radical Melenchon as gulf between rich and poor widens

France has become much more unequal in recent years, new official figures show. The richest 1% have seen their assets swell by 47% between 2004 and 2010, according to national statistics agency, INSEE. The top 1% have « net »  assets of 1.9 million euros, the figures show. The gap between the top 10% and the poorer … Continue reading

Italy’s pensioners are getting poorer – but ECB wants pensions cut some more

Cuts to Italian pensions are among the demands of the European Central Bank and IMF to restore foreign ‘investor confidence’ in Italy. But new research by Italy’s trade union confederation CGIL has found that: Pensions are on track to have fallen by between 1.3% and 4.3% between 2008 and 2014 with the largest reductions on … Continue reading

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