42% of national income!
So what happens when you run out of other people's money?
THEY MOVE!
Link: https://www.msn.com/en-us/money/markets/rachel-reeves-batters-britain-with-biggest-tax-hikes-in-developed-world/ar-AA20ZhrV?ocid=entnewsntp&pc=U531&cvid=69e0d81aca7d41b996dc64089f777615&ei=66
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Not to mention the dubious advantage of permitting de facto open immigration by unassimilable hordes.
Link: https://www.fool.com/investing/2026/04/06/jpmorgans-dimon-warns-europe-is-on-a-slow-decline/
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Link: https://www.youtube.com/watch?v=sBYH2PqARLk
Consent Management