October 11, 2012

AT LEAST THEY’RE TRYING: Engulfed by the global economic crisis, Portugal continues to fail in its bid to profit from its ‘good student’ billing.  This probably doesn’t help: Portugal has second highest tax rate in the world, just behind Argentina.  It’s been a long time and I was young when I moved over here.  I have no idea how one says Laffer curve in Portuguese.

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