Lowering VAT, granting “bonuses”, all of this will be expensive for the State. So where is he going to get the money to finance this aid? Several avenues are mentioned. One would be to tax the wealthiest people, and corporations, in the country.
Five of the seven parties in the Vivaldi coalition are in favor of taxation of the richest people and excessive corporate profits. Only the Liberals remain to be convinced. We will therefore have to find more money, but where exactly is this money? In large companies, as suggested by a man interviewed in the RTL INFO 19 hours. A bad idea for Bruno Colmant, economist. “Taxing businesses would make no sense. They suffer doubly; wages rise due to inflation, energy content rises sharply. If, in addition, we tell these companies ‘we are going to tax you more’, that is economic nonsense. It’s going to slow down the economy.”
So if it’s not in companies, it’s in individuals? What regarding a wealth tax? But a question then arises: when do you get rich? Who would be affected? Gregory Homans is a tax lawyer: “This means making anyone with financial assets of more than one million euros liable for an annual tax of around 1%. To assess the threshold of one million euros, we would exclude the home and the work tool.
Expand the economy rather than contract it through taxes
In Belgium, there would be 133,000 millionaires. What therefore recover a little money, but enough.
Finally, the realistic options seem limited. The most effective would be not to create new taxes, but to continue to borrow. “We must congratulate ourselves today on having a central bank which makes it possible to run the printing press and inject purchasing power into the economy. Invest in expanding the economy rather than contracting it through taxation. Any economics student will tell you that.“, loose Bruno Colmant
Last potential solution in the form of a quote: “You have to take the money where it is. That is to say from the poor”, said Alphonse Allais, writer. Certainly, the “poor” do not have a lot of money, but there are many of them, it must be understood. It must be said that the savings accounts of Belgians currently sleep more than 300 billion euros.