|
Western countries overspent, under taxed and borrowed to fill the gap for decades
What are you on about? I pay more than 60% tax on my personal income. Governement take 25% VAT on prices to consumers. Up until the financial "crisis" hit, we had ZERO dept to other countries.
I live in a western country. the countries next to ours (Norway, Germany, Sweden) were more or less afaik, in the same situation.
What countries are you referring to? Greece? Spain? Italy? US? Each country has their own problems and reasons for their financial problems.
|