Saturday, August 8, 2015

Breaking a Taboo: Plans for Euro-Zone Tax Take Shape By Michael Sauga, Christian Reiermann and Christoph Schult

''History has shown that when a government wants to solidify its power, it has to turn its subjects into taxpayers. The Roman Empire demanded high tribute payments from every tribe it had newly conquered. And the United States developed from a commonwealth to a federal state when, in the 18th century, Treasury Secretary Alexander Hamilton achieved uniform duties and taxes for the entire union, initially on whisky, because it was so lucrative.
Politicians in the euro zone are now seeking to emulate the historic model from the early years of the United States. The unnerving bargaining over the latest Greece bailout program has led the leaders of the monetary union to conclude that the euro zone has to become more tightly joined together politically..''

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