I was chatting with a Dutch friend on WhatsApp on Thanksgiving Day, reminding him that we were celebrating our theft of an entire continent from the benevolent peace-loving Earth-preserving Native Americans. I shared a photo from the morning golden retriever walk:
For his part, he shared the European perspective: “There are two ways to live life. Short and violent or long and miserable.”
What else did I learn? “The left-wing parties control Dutch cities and say that they want immigrants to Holland, but don’t want the immigrants congregating in the cities that they rule. So they’ve been trying to force immigrants to settle in the conservative country towns. That hasn’t worked because the provincial towns have refused to provide free housing for migrants. So the Hague just passed a law forcing the country towns to take these immigrants.”
What are the Dutch with money doing? “Moving to Italy,” he responded. “The Italians let foreigners who move there pay 100,000 euro per year in tax. After that you can have 100 million euro in capital gains, dividends, etc. and they won’t even ask about it. It’s actually better than moving to a Caribbean tax haven because you get rebates on all of the withholding taxes on dividends because Italy has a tax treaty with the Netherlands.” (fact check: the scheme seems to have started in 2017) He said “You have to make sure that you don’t stay more than 182 days per year in the Netherlands or have kids in school here. Like New York State chasing after people who move to Florida, the Dutch government will try to find any excuse it can to continue collecting taxes. But it is really not a hardship to live in a Tuscan villa.”
Separately, the newspapers that warned us of the fascist takeover of Italy have gone silent regarding Giorgia Meloni’s dictatorship. Based on this Reuters article, it looks like the main program of fascism is stoking inflation via bigger government:
Italy’s new right-wing government signed off on its first budget in the early hours of Tuesday, a package focusing on curbing sky-high energy bills and cutting taxes…
Next year’s budget deficit is targeted to fall to 4.5% of gross domestic product from 5.6% this year. The package is still expansionary because under an unchanged policy scenario the deficit ratio was headed for 3.4%.
The budget contains almost 35 billion euros ($35.95 billion) of increased spending or tax cuts. Some 60% to be financed through increased borrowing.
Over 21 billion euros to help firms and households pay electricity and gas bills, mainly through subsidies for energy-intensive firms and low income families.
Next year Italians will be able to draw a pension from the age of 62 provided they have paid in at least 41 years of contributions.
That compares with the current rule, put in place for just this year by the previous government, allowing people to retire at 64 provided they have worked for 38 years.
The budget also extends to 2023, with adjustments, an early retirement scheme for women. Beneficiaries will be able to draw a pension at 58 if they have at least two children, at 59 with just one child, and otherwise at 60.
So, just like Americans under transferism, the Italians under fascism are going to work less and spend more!
- The Italian program wouldn’t work for a U.S. citizen, who must continue to fund whatever Joe Biden dreams up even if he/she/ze/they no longer lives in the U.S. See “How Puerto Rico Became the Newest Tax Haven for the Super Rich” (GQ) for how the Manhattan rich go “Florida squared”.