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7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

On Europe's Unsustainable Welfare State

by Tyler Durden
Jul 15, 2017 2:45 PM

110
SHARES

Authored by Danielle Lacalle via The Mises Institute,


Angela Merkel used to say that the European Union is about 5% of the worldspopulation, about 25% of its GDP, and about 50%
of global welfare spending.
The real data is more concerning.
TheEuropean Union is:

7.2% of the World Population.


23.8% of the Worlds GDP.
58% of the Worlds Welfare Spending.
Something has to give.

The EU average tax burden on workers is44.9%. The average worker in the EU spends half a year working for the tax man.
Taxation accounts for41%of theeuro area GDP.

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Ease of doing business remainsbelowthe leading economies of the world.


Bureaucracy is asphyxiating. The EU approves onaverage 80 directives, 1,200 regulations and 700 decisionsper year.

The main EU economies remain significantly below theleaders in economic freedom.

At the same time, despite massive tax burden and constant confiscation of wealth, the EUs average debt to GDP is90%.
Continuously making science fiction estimates of tax evasion and calling totax the richas a mirage, has led to unsustainable
levels of government burden on the real economy and hinders investment and capital investment as policies are increasingly
aimed at taxing the productive to subsidize the unproductive.

Using unrealisticestimates of tax revenues made by politicians that are always missed for very real expenditures which
are consistently above budget has made the EU miss its debt reduction expectations.

The cost of hyper-regulation and excessive taxes to job creation, investment, and innovation are evident. The EU has an
unemployment rate that almost doubles the leading economic peers, and taxation hinders the growth of SMEs (small and
medium enterprises), which shows a ratio ofdevelopment to large companiesthat is half the same ratio in the US.
http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 1/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge
medium enterprises), which shows a ratio ofdevelopment to large companiesthat is half the same ratio in the US.
The EU has many positive things, as I explainedhere. But we cannot let bureaucracy and confiscatory taxation take over a
worthy project. Because ignoring those risks, we would make the EU implode.

Unless the EU politicianschange their mindset of a model built on massive taxation and bureaucracy and start putting at the
forefront of policy cutting taxes, slashing red tape, more open business, more economic freedom, focusing on job creation and
attraction of capital, the welfare state will implode.

The EUs welfare state can only be protected by defending growth, investment, and job creation. However, it will likely be
destroyed by the same ones that say they defend the public sector. By making it unsustainable.

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Budnacho Jul 15, 2017 2:49 PM


I'm sure all the recent immigrants will fix this situation in a jiffy...nothing but rainbows and Unicorns ahead for
Europe!...

totenkopf88 Budnacho Jul 15, 2017 2:58 PM


Sure, because brown immigrants to the US aren't all on the welfare tit, also- and Europe doesn't have millions of
violent gimme-dat Dindus, either. Before you point out the speck in your brother's eye you should remove the plank
from your own.

Yukon Cornholius totenkopf88 Jul 15, 2017 3:01 PM


Must be about time to lay waste to Germania again. That's the only way to save the (((Union))).

Manthong Yukon Cornholius Jul 15, 2017 3:20 PM


WTF..

Somebody does not understand the meaning of sustainable .


Look it up on Google..

The return will be Bazooka Whatever it takes and Merry, Merry Mario Money.

Geez, it is not like Hawking rocket science and the end of the earth in a few years.

I thimk some banker understands that printing brown people in white Europe is a winning solution.

..oh.. gee.. that sounds so impolitic.

For you kids out there, that was the word educated people used before "PC" was thrust upon us.

louie1 Manthong Jul 15, 2017 3:46 PM


The Europeans have good schools, roads and hospitals. The US has a useless military. Take your pick, they are
both bankruting their respective states.

OpenThePodBayDoorHAL louie1 Jul 15, 2017 3:59 PM


http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 2/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge
OpenThePodBayDoorHAL louie1 Jul 15, 2017 3:59 PM
Um um um you mean I get to pick low-cost university, health care, great roads and trains, and a decent
retirement ...over a bunch of smoking holes in the desert 5000 miles away with smashed million-dollar drone
missiles at the bottom? Gee I wonder which one I'd pick

eclectic syncretist OpenThePodBayDoorHAL Jul 15, 2017 10:42 PM


Germany is letting Globalists coerce them into cultural suicide by taking advantage of their sense of guilt for the
World Wars. Germans need to be proud of their long heritage again and kick out the globalists before it's too
late.

Floor Manager eclectic syncretist Jul 16, 2017 1:10 AM


I'm making over $14k a month working part time. I kept hearing other people tell me how much money they can
make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do,..
www.Jobzon3.com Go this web and start your work.. Good luck..

Sick Monkey louie1 Jul 15, 2017 4:42 PM


Actually 40% of American corporate profits come from Europe so were kind of cashing in on the nanny state.

In return we will sell you some tanks at a discount when big brother has had enough.

38BWD22 Sick Monkey Jul 15, 2017 5:55 PM



We are now on our SIXTH night in a provincial city in France, staying in a Pedestrian Zone. EVERY night it has
been loud until at least 1:00 AM, and being Sat. night (almost midnight) here, it's going on strong (well, Saturday
night , sure, that's excusable). But SIX nights in a row? And we're NOT on a main drag.

Don't those people have jobs to go to?

waspwench 38BWD22 Jul 16, 2017 4:49 AM


You picked the wrong week. C'est Le Quatorze Juillet

louie1 Manthong Jul 15, 2017 4:02 PM


The Europeans have good schools, roads and hospitals. The US has a useless military. Take your pick, they are
both bankruting their respective states.

Creative_Destruct louie1 Jul 15, 2017 7:36 PM


"Unless the EU politicianschange their mindset of a model built on massive taxation and bureaucracy and
start putting at the forefront of policy cutting taxes, slashing red tape, more open business, more economic
freedom, focusing on job creation and attraction of capital, the welfare state will implode."
Yes, but it is likely to expand further until it implodes.... politicians will NEVER resist the temptation to promise
MOAR free-shit to get re-elected.

They will spend and spend, MOAR and more, whether or not they tax more or not. US: on more military AND
more entitlements as the population ages; EUROPE: more and more on welfare and entitlements.
Conclusion: all welfare states WILL implode.

shocktherapy totenkopf88 Jul 15, 2017 3:11 PM


The first free shit army recruits Race/Ethnic Group1930s white89.8%
TheNew Dealwas a series of federal programs, public works projects, and financial reforms and regulations
enacted in the United States during the 1930s in response to the Great Depression.

francis_the_won... shocktherapy Jul 15, 2017 3:23 PM


http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 3/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

That's far too simplistic. A lot of the "reforms" were put in place far before the Great Depression, and a lot of
them exacerbated that event.

A better observation would be that many of those "reforms" played a big part in causing and prolonging the Great
Depression.

But history repeats itself and historians definitely repeat each other. Prediction: within a decade, the same
bureaucrats who imposed all of these Euro welfare programs will be first in line, begging for votes, so they can fix
the mess that they caused, and the media, those unbiased arbiters of truth, will toe the party line and loudly
espouse that story loudly and convingly enough that the layperson continues to vote for generational theft and
the continuing wreckage of the ideals of Liberty......but I digress....

shocktherapy francis_the_wonder_hamster Jul 15, 2017 3:52 PM


Your absolutly right, just responding to this: totenkopf88 Budnacho Jul 15, 2017 2:58 PM
Before you point out the speck in your brother's eye you should remove the plank from your own.

azusgm shocktherapy Jul 15, 2017 4:14 PM


Both of my grandfathers despised the New Deal and refused to participate. They both could have used some
help but chose to be real men and soldiered forth.
My paternal grandfather was an Iowa farmer. He saw destruction of foodstuffs by government intervention in
order to prop up prices. At the same time, needy people were going hungry in the cities and the working men
were having a hard time feeding their families. The FDR administration couldn't get out of its own way but
somehow managed to propagandize their way to making FDR look like a savior of the American people.

RichardParker azusgm Jul 15, 2017 8:17 PM


FDR savior of the American people?

From Antony Sutton's FDR and Wall Street:


"Roosevelt was a creation of Wall Street, an integral part of the New York banking fraternity, and had the
pecuniary interests of the financial establishment very much at heart.
To be specific, Franklin D. Roosevelt was, at one time or another during the 1920s, a vice president of the
Fidelity & Deposit Company (120 Broadway); the president of an industry trade association, the American
Construction Council (28 West 44th Street); a partner in Roosevelt & O'Connor (120 Broadway); a partner in
Marvin, Hooker & Roosevelt (52 Wall Street); the president of United European Investors, Ltd. (7 Pine Street); a
director of International Germanic Trust, Inc. (in the Standard Oil Building at 26 Broadway); a director of
Consolidated Automatic Merchandising Corporation, a paper organization; a trustee of Georgia Warm Springs
Foundation (120 Broadway); a director of American Investigation Corporation (37-39 Pine Street); a director of
Sanitary Postage Service Corporation (285 Madison Avenue); the chairman of the General Trust Company (15
Broad Street); a director of Photomaton (551 Fifth Avenue); a director of Mantacal Oil Corporation (Rock Springs,
Wyoming); and an incorporator of the Federal International Investment Trust.
The really notable Delano on Wall Street was FDR's "favorite uncle" (according to Elliott Roosevelt), Frederic
Adrian Delano (1863-1953)... In 1914 Woodrow Wilson appointed Uncle Fred to be a member of the Federal
Reserve...

Intimate Delano connections with the international banking fraternity are exemplified by a confidential letter
from central banker Benjamin Strong to Fred Delano requesting confidential FRB data:16
(Personal)
December 11, 1916
My Dear Fred: Would it be possible for you to send me in strict confidence
the figures obtained by the Comptroller as to holdings of foreign securities
by national banks? I would be a good deal influenced in my opinion in
regard the present situation if I could get hold of these figures, which would
be treated with such confidence as you suggest.

If the time ever comes when you are able to slip away for a week or so for a
bit of a change and rest, why not take a look at Denver and incidentally pay
me a visit? There are a thousand things I would like to talk over with you.
Faithfully yours,
Benjamin Strong
Hon. F. A. Delano
Federal Reserve Board, Washington, D.C."

Cheka_Mate RichardParker Jul 15, 2017 10:34 PM


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Cheka_Mate RichardParker Jul 15, 2017 10:34 PM
Anthony Sutton on NYC Finance's role in WWII

The Russian Revolution was funded and planned by the Banker's Club at 120 Broadway
Weimar Germany was funded by the Union Bank at 140 Broadway (Brown Brothers Harriman HQ aka C/I/A Law
Firm)
WWII was Hegelian Dialectics in action

francis_the_won... shocktherapy Jul 16, 2017 1:14 AM


Well I hope I didn't come across as being too critical, I just get my hackles up when FDR is given any sort of
benevolent accolades (which is my interpretation of your use of the term "in response"). The man was a tyrant, a
fascist in his own rights who was willing to sacrifice brave souls to goad the American public into accepting
another World War, and he had zero respect for the Consitution or to Individual Liberty.

That diatribe now ended (for now), I'll address the word in your post that raised said hackles. You made the
point that his policies were made in "response" to the Great Depression. I disagree, as stated in my earlier post,
as a lot of those policies helped cause and extend the Depression. But it's worse than that, as a lot of those
policies were floated, and rejected, by the Progressives earlier in the century (and many of those policies were
stolen directly from fellow socialists/fascists like Hitler and Mussolini). The old Progressive mantra of not letting
a crisis go to waste very much applies. Those bastards took advantage of a time of global strife to implement
policies that would have never seen the light of day in "normal" times, and here we are, 3 generations later,
footing the bill for this very vile, diabolical president.

Blue Balls Budnacho Jul 15, 2017 2:54 PM


More free crap and terorist needed.

logicalman Blue Balls Jul 15, 2017 6:21 PM


Yep, the MIC, who are the biggest welfare recipients in the US, need those terrorists to keep the funds flowing.
Shit, they even divert some of the funds they receive to keep the terrorists going and the money flowing.

Awesome business plan for the few. Meanwhile America queitly disintegrates both physically and socially.

Jubal Early Budnacho Jul 15, 2017 2:56 PM


The immigrants do the majority of their business under the table. But so too do most of the non-state employed
Europeans.

UselessEater Jubal Early Jul 15, 2017 5:40 PM


jews just move the table or point to a chair and say that is the new table
https://www.amazon.com/You-Gentiles-Maurice-Samuel/dp/1366841948/ref=cm_...
You Gentiles

"Written in 1924, this shocking classic work of Jewish Supremacism maps out what the avowedly Zionist author saw
as the cause of anti-Semitism through the ages: an irreconcilable difference between Jews and all Gentiles, but
Europeans in particular. This difference, Samuel argued, was inherent and biological in origin.......The book goes on
to discuss the main points of difference in behavior between Jews and Gentiles focusing on physical activity,
religion, concepts of good and evil, loyalty, science, fair play, and discipline. Maurice spells out why Jews have
different attitudes to all these moral and philosophical issues-and why these values are the opposite of those

endorsed by Gentiles. Samuel then says that these inherent and unchangeable differences will always make the Jews
out to be "destroyers" and the "subverters" of European culture and society."

lasvegaspersona UselessEater Jul 15, 2017 8:05 PM


in the 1920s everything was genetic...
When the telegraph arrived the brain was viewed as a telegraph, then a phone system...now like a biocomputer.

Even though we never fully understand stuff it does not stop memes and the horrors that politicians turn them into.
http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 5/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge
Even though we never fully understand stuff it does not stop memes and the horrors that politicians turn them into.

SubjectivObject UselessEater Jul 15, 2017 9:51 PM


A book review:
ByCurt Beasleyon June 20, 2015 Verified Purchase

e textbook definition of the word "gentile" would be any person that is not a biological jew. (Nevermind the
religious connotations because dont forget, if a gentile wants to worship the jew god he has to follow a different
set of rules than a biological jew does.) But when you read this book you understand that when Mr Samuel uses
the word gentile he is referring to people of white European stock only. What is striking about this subject is that
99% of white gentiles have no idea that there is an age old conflict-dare I say war-between jew and white gentile.
It is remarkable that this truth has been concealed from us. On the other side though, practically all jews are
aware of the conflict and not just jewish intellectuals like Mr Samuel. Common jews are aware of this and I can
prove it to you. Do you not think that the average jew who makes $30,000 per year and drives a Ford Focus isnt at
least a little concerned in the back of their mind that there could be another "Holocaust" at any moment if
European antisemitism should flare up again? After all, it was in 20th century Christian Europe that the so-called
"Holocaust" happened wasnt it? It wasnt in the Middle Ages.
Although the degree of fear, paranoia and hatred of European gentiles varies and isnt always as intense and
pathological as Mr Samuel's, it does exist with practically every jew on earth to some degree. Where does this
hatred of white European gentiles come from? I will tell you where it comes from. When we Europeans think of
Western civilization, we think of all the great things we brought to the world. Advanced civilization, art, literature,
science, pragmatism, respect for women, civic virtue, complex systems of government. When jews think of the
history of white Europe they dont see it that way. When jews think of the history of Europe down through the ages
they think of when Rome sacked Jerusalem in 70AD and they think of the "Holocaust" in 1940s Germany and in
between you had the Russian pogroms and you had the hundreds of times jews were expelled from European
towns and villages and even entire countries. In other words, to jews white Europe has been the various faces of
evil.
One thing that really jumps out at you when you read this book is that when Mr Samuel is identifying the causes
of antisemitism, jewish behavior doesnt even factor into the equation. This is true with pretty much all jews. They
rationalize themselves and in their mind they have never done one thing wrong and never could. In their mind,
antisemitism is not a reaction to jewish behavior, its some sort of genetic defect in the European genome. How
convenient for the jews. As other reviewers have pointed out, at the end of the book Mr Samuel asks the question,
'can this eternal conflict ever be resolved?' and he answers that question. The only way jews will ever be
happy(notice gentile happiness is of no concern) and feel secure is if Europe(and pan-European nations like the
US) lose their racial homogeneity.

For at least 100 years jewish intellectuals and jewish "philanthropists" and jewish activists and jewish thinkers
have been working tirelessly and voraciously to do just that. They had a huge success in 1965 in the US to change
the immigration policy and thus the racial demographic and they are doing the same thing in Europe. Have you
looked lately at London? Its practically unrecognizable with all of the Pakistani and northern African and Arab
invaders. Same thing in the US with all the mestizos. In 1960 the US was 90% white. Today it is about 60% white.
What is happening in the US and Europe over the past few decades is not just something spontaneous. It has been
carefully planned and executed by jewish intellectuals that are of the same mindset of Mr Samuel. Search one of
the video hosting sites for Steve Gutow and you will see this jewish intellectual say that the number one issue for
his organization is getting more mestizos into this country and giving the ones that are here illegally amnesty.
Search one of the video hosting sites for Barbara Spectre and you will see that this time the jewish intellectual is
set up in Sweden to carry out the plan. She admits everything I am telling you. Read Kevin Macdonald's The
Culture Of Critique. He documents the history of this jewish plan to mongrelize and water down white countries.
This idea, this plan, for wrecking white civilization with mass third world immigration was started by jewish
thinkers like Mr Samuel a hundred years ago.

lasvegaspersona Budnacho Jul 15, 2017 7:59 PM


'crats cannot downsize or slow developement of the org...it would be corporate suicide...someone might lose a job...or
some power...Once these things get going only collapse can save the people.

Troy Ounce Jul 15, 2017 2:50 PM



Everything a government touches turns to crap - Ringo Star.

yomutti2 Troy Ounce Jul 15, 2017 4:15 PM


In college, I once picked up a real knock-out of a girl at wedding. Later, in bed, she mentions to me that she had
http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 6/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge
In college, I once picked up a real knock-out of a girl at wedding. Later, in bed, she mentions to me that she had
previously slept with Ringo Starr.
Thank God for condoms.

silverer yomutti2 Jul 15, 2017 4:31 PM


A friend of mine who was drinking all night woke up with a monster. After that, he really cut back on Ethyl.

Troy Ounce Jul 15, 2017 2:50 PM


.

foodstampbarry Jul 15, 2017 2:52 PM


Sounds like Canada!

abgary1 foodstampbarry Jul 15, 2017 3:39 PM


Exactly.

Sick Monkey foodstampbarry Jul 15, 2017 5:34 PM


Actually Canada is in a rather unique position. As the only nation on earth with no identity we can pretend to have a
snobby British heritage or we can go full Mad Max Americana style. All depends on who has the most to dish out. Of
course every once and a while we get slapped on the fingers for being such a slut but Uncle Sam always forgives us
and gives us a big fat contract somewhere. Bad timing on the oil sands though. Even China left by the back door but
I have a feeling Uncle Trump is going to work something out with BC leaf lickers. They need a new party. The dirty
China money is paying for the welfare state right now but I have a funny feeling they're gonna look south soon for
some of that QE infinite courtesyof whatever poor shmuk replaces Yellen. Let's call it "The Chinese railroad 2". If
you thought homes are expensive now wait till that train wreck gobbles up your local bank. They do it very sly like.
Bank managers all over America will start taking early retirement courtesyof your local laundry mat and bank by
bank you start seeing more and more slanted eyes gleaming at you and your portfolio. Over time entire
neighborhoods start to disappear anddemolitioncrews rip the trailer parks and cheap motels out in the middle of
the night as you sleep. Soon massive sink holes emerge in your back yard and your dog falls into a black pit never
to be seen again. The RE will be all bought and paid for but not a soul lives in any of the homes with sloppy uncut
lawns. Your city streets will be litteredwith people that don't speak Englishand old men will be forced to crawl on
their hands and knees to get through the ginger ridden mob. In the end obscure extreme left parties emerge
making the DNC look like girl guides and all is lost. Everyone is either enslaved to a sewing machine or buried
somewhere in the desert.

ludwigvmises Jul 15, 2017 2:56 PM


Americans have labelled the European welfare system "unsustainable" in the 1950s. Since then, they have flourished.
Food for thougth. Whenever we say some foreign country is "unustainable" you can bet it will last many decades longer
than we think.

Blue Balls ludwigvmises Jul 15, 2017 3:02 PM


Europeans have paid for their free stuff with lower growth and more poverty. FYI everyone is broke USA included.
https://www.cia.gov/library/publications/the-world-factbook/geos/gm.html

OverTheHedge Blue Balls Jul 15, 2017 3:35 PM


At the risk of upsetting the applecart, don't forget that the taxation rate includes healthcare. I seem to remember
figures which suggest that in the US, average taxation is 35%, and in Europe 50%, but how much do US citizens pay
for healthcare? Is it more or less than 15% Of gross income, on average?

There numbers are from memory, and years old, so If anyone has up-to-date numbers, I would be interested to
know.

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 7/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

ludwigvmises OverTheHedge Jul 15, 2017 4:37 PM


Correct. We point fingers at Europe for having "high taxes", but what is included in the 50% Germans, Dutch or
Swedes pay?
a) World-class free universities
b) high quality high schools that beat ours in the PISA studies
c) free kindergardens and pre-school
d) free healthcare that is way better than ours
e) high-quality public transport system which is available at rock bottom, government subsidized prices to everyone
Too many people here are saying "Oh but they pay 50% in taxes, that's bad. Case closed". It's not that easy, if you
want to compare then compare apples to apples.

waspwench ludwigvmises Jul 15, 2017 5:06 PM


No-one is saying those things are bad. They are saying thatthose thingsare unaffordable.

You can raise taxes even higher - 75% anyone? Or you can look at why it is costing so much to support the
people of your country, whether they are getting good value for money,and you can take measures to fix the
problem.

Singelguy ludwigvmises Jul 15, 2017 9:20 PM


I live in the Netherlands and nothing is free. In addition to high taxes, everyone pays health insurance premiums
and everyone pays a deductible, but the costs are much lower since the government regulates how much profit
the insurance companies can make.
Universities are not free but they are much less expensive than in the USA.
The high schools and public schools are not that great anymore. They have been flooded with migrant children
who do not speak the language and are slowing down the entire curriculum.
Public transport is very good but cars, gasoline and road taxes are expensive. In the USA I can drive a Mercedes
for what it costs to drive a shit box here.
Your 50% number is low. When you add up all the taxes; income taxes (41%), sales tax (21%), wealth tax (1.4% of
all assets over $22,000) road taxes, property taxes, sin taxes, etc., the average citizen pays 71% of their income
to the government.

Having said that, you have to look at your individual circumstances. If you are married with children, you are
better off in Europe when you net out the benefits that families receive against the taxes they pay. If you are
single with no dependents you are better off in the USA.

Dj view Blue Balls Jul 16, 2017 2:37 AM


Sustainable as below...
COUNTRY COMPARISON :: CURRENT ACCOUNT BALANCE
4/5 EYES RANK LAST...

196 AUSTRALIA -$33,200,000,000 2016 EST.


197 CANADA -$51,080,000,000 2016 EST.
198 UNITED KINGDOM -$114,500,000,000 2016 EST.
199 UNITED STATES -$481,200,000,000 2016 EST.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/21...

Ms No ludwigvmises Jul 15, 2017 3:20 PM


It always starts out good and ends up with what you are beginning to see right now.

stacking12321 ludwigvmises Jul 15, 2017 3:30 PM


the european welfare system, while a terrible idea, was able to last a while back then, as europe in general and as a
whole was an advanced, productive continent.
but introduce millions of non-productive refugees, and the strain on the system is too great to bear, especially
given the "other" welfare recipients (euro banks), with their over-leveraged fraudulent "assets" needing to be
propped up.
welfare state and open borders are completely incompatible, you have to get rid of one or the other, take your pick.
http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 8/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge
welfare state and open borders are completely incompatible, you have to get rid of one or the other, take your pick.

researchfix stacking12321 Jul 15, 2017 3:49 PM


"welfare state and open borders are completely incompatible, you have to get rid of one or the other, take your
pick."
Simply true. We had a well tuned welfare state, and then
- the big companies which evade taxes
- the poor banks had to get refunded their casino money
- the minimum wagers who cannot supply enough tax money
- the refugees (who sent them? But we allowed our "friends" to create them)

Now, there we are. Hard landing. But the fools will vote for Merkel again, and so the circle closes.

ludwigvmises stacking12321 Jul 16, 2017 3:31 AM


The EU has 510 million citizens. Say they had an influx of 5 million "unproductive refugees". That's 1%. Certainly
that's not enough to bring down the system. We have about 5% illegal immigrants in the US and we're doing fine.

BandGap Jul 15, 2017 2:58 PM


Wasn't it Ringo Starr that said "everything a government touches turns to crap"?
Thought I read that somewhere.

Haitian Snackout BandGap Jul 15, 2017 3:20 PM


He was referring to his former band.

HRH Feant2 Jul 15, 2017 3:01 PM


Someone is waking up. Supposedly bringing in all those gimmigrants was going to help Germany, and Europe with
workers. How has that worked out? The gimmigrants don't work. less than 3% of the new arrivals ever find work and
the rest breed like rabbits.

Parallel cultures in Europe does not make Europe diverse. It makes Europe divided and unstable. That stability will
increase in the coming years.
Good article because maybe some people will start to realize that moving people away from their home country is
not a good idea.

BritBob Jul 15, 2017 3:05 PM


Re Brexit
Fair to say that the majority of the people in Britain were happy to join an economic union with free trade, but not a
political union. Who wants to be ruled by Brussels? And who wants uncontrolled immigration?
There is a trade imbalance in favour of the European Union so it is in the interest of the EU to make amicable
arrangements with the United Kingdom. What's more, the UK can do its own trade deals on a one-to-one basis
instead of having the EU to deal 27 member states before it makes a trade deal.
Hard or soft Brexit the road ahead might be a little bumpy especially when one country (or part of a country in
Belgium re the Canada EU deal) can stall negotiations for so long. Spain could act in a similar fashion over Gibraltar
and has the cheek to maintain its Gibraltar sovereignty claim. Claim?
Gibraltar - Some Relevant International Law:https://www.academia.edu/10575180/Gibraltar_-
_Some_Relevant_Internationa...

So it could be a quickhasta luego!

OverTheHedge BritBob Jul 15, 2017 3:43 PM


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7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge
OverTheHedge BritBob Jul 15, 2017 3:43 PM
The bot seems to be getting more accurate with its posts, but the content is always the same. Can we get a text
update ease? BritBot is a fine piece of software, but he needs an updated text to post, or we will all get very bored.

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 10/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 11/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 12/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 13/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 14/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 15/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 16/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 17/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 18/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 19/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 20/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 21/22
7/16/2017 On Europe's Unsustainable Welfare State | Zero Hedge

http://www.zerohedge.com/news/2017-07-15/europes-unsustainable-welfare-state 22/22

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