Europe Announces One-Time Inflation Relief – Trustnodes
Europe Announces One-Time Inflation Relief – Trustnodes

Europe Announces One-Time Inflation Relief – Trustnodes

Money, money, money, call so funny, in this blue euro. Aaa aaaaa, tum tum, we steam through.

Billions stand to flood Europe to tackle the inflation crisis, the cost of living crisis, the gas and oil price crises and the “we want to be America” ​​crisis too.

No more jokes about the euro-poor, as Italy, the poorest of the party, has to give € 200 out to anyone with an income of less than € 35,000.

It has now been extended to seasonal workers, housekeeping and cleaning staff, the self-employed, the unemployed and people with Italy’s’ citizens’ income ‘.

Retirees and workers will start receiving stimulus checks next month and in July via direct payment.

Italy has also announced a bonus of € 60 for public transport for anyone with an income below € 35,000, while Germany has announced a ticket for € 9.

For € 9 a month, anyone who happens to be in Germany can travel to anywhere in Germany, regardless of status – including resident or not – or income.

By comparison, it costs around £ 200 at the peak and around £ 70 otherwise to take from London to Liverpool by train. So that’s tons of money. Still, it is estimated to cost the government only 2.5 billion euros.

In addition, Germans will also receive a one-time payment of € 300. Here, too, there is almost no difference, with Michael Schrodi, fiscal policy spokesman for the ruling party, the SPD, stating that “44 million working people will be replaced quickly and unbureaucratically.”

The Netherlands distributes a one-off payment of € 800, although this is limited to the very poorest households. In addition, they have halved the VAT.

The debate in the United Kingdom continues on what exactly needs to be done. It seems, for once, that Europeans on the mainland are leading the way, with a check for £ 800 potentially on the table.

The petrol bill is doubling and is expected to rise by a further £ 800. So a check for £ 800 could neutralize the increase, with it limited to the poorest households, if Chancellor Rishi Sunak goes through with it.

There are around 12 million families in fuel poverty in the UK. A payment of £ 800 for each comes to £ 10 billion, according to Josh Buckland of Flint Global.

There could be other ways to help, but such a grant would leave no gaps and cover especially those that are on prepaid meters.

The UK government received £ 718.22 billion in taxes last year. So £ 10 billion is close to 1% of that, making it affordable.

In addition, Europe, including the United Kingdom, did not participate in direct check payments during the pandemic, as the United States did about three times.

Such measures can therefore be effective in making the public feel that they are not on their own.

They will also be very effective at inspiring new memes where Jonny apparently sends his stimmy to bitcoin instead of the gasman.

As for inflation, as most of these measures are targeted, it would in practice be equivalent to the poor actually imposing a tax on the less poor, which not many can really argue with.

It also addresses inflation quite directly, which is mostly due to the rise in gas and oil, by neutralizing that rise – unless they bitcoin their checks, in which case everyone gets a stimulus.

The second major question is whether America will follow suit. They have gotten a huge tax pledge last year at half a trillion, but they also got lots of checks already.

Still, checks on inflation reductions are now becoming a thing, and perhaps quite surprisingly, they still seem to at least make the public feel that they can get through it.

Feels that Putin has gas, but Europe got the printer and in a magical way it means that they can also efficiently print gas, as long as gas prices will practically not rise when it comes to many families, and in Germany get they even de facto free transport out of this.

Something that not only goes a long way towards canceling the crisis, but which can also make Germany’s economy bigger at the other end of it.

Leave a Reply

Your email address will not be published.