Thursday, January 24, 2013

Greeks shiver in smog, Spain hits record joblessness.

Socialists never learn that actions have consequences. They just assume that you can adjust taxes and subsidies up and down and that this will little effect people's behavior. Case in point is Greece's change in subsidies for heating oil and taxes on fuels. As wages plunged and benefits were cut, heating oil prices went up till it is now 50% cheaper to use wood than heating oil. So, all of a sudden Greece is inundated with problems that come from using wood in cities as heating fuel. Respiratory problems, smog and illegal logging have been added to Greece's economic problems.

On the other end of the Mediterranean, Spain's unemployment hit a record 26% and 60% for the young. It is fitting, because the young were the biggest supporters of putting Spain on track for failure that comes from Socialism.

No comments:

Post a Comment