Is austerity, shrinking wages, and firing of public workers a bad thing? One Eastern-European country’s actual experience

Is austerity, shrinking wages, and firing of public workers a bad thing? One Eastern-European country’s actual experience. “Latvia has a flat personal tax, low corporate tax, fired on third of civil workers and the results speak for themselves: low inflation, high growth, and politicians re-elected.” Yes, but that plan makes it impossible to pay off donors and cronies or buy votes with public money… so it’s raaaaacist and sexist and blah, blah, blah…

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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