The proposal is really upset and courageous. Breaking down the debt of 50% Italian and thus recover 40 billion to invest in the new. Where? How? Affect the added value of our built heritage, the treasure of the Italians. Bitter medicine, but no alternatives. Finally we talk about real politics.
cite some passages of the interview given by Professor Capaldo the Corriere della Sera
We have enormous potential, we excel in many areas. But we need to invest to grow, and this is practically impossible because we lack the means, as we are stifled by a very large public debt and a state budget tightened beyond all measure. Nor is it even conceivable to increase the national debt. We did not allow nor our participation in Europe 'or the great and uncontrollable volatility in financial markets.
Project structure
We must vigorously attack the debt. I think a sort of "privatization" of the debt. If it is true that the debt is, ultimately, a debt we citizens might as well be assumed, at least in part directly, easing at the State. So, for example, if the debt was transferred to 50% for individuals, the state would see half the debt / GDP, which moves from the 'current 118 to 59, slightly less than the maximum specified in the Treaty (60%). But, most significantly, the state would see half the 'interest burden, which would rise from the current € 80 billion to well under 40. From the perspective of citizens would be a mistake to reject the medicine just because it's hard not to wonder whether there are alternatives, without taking into account the results which is capable of producing. " It is undeniable that through the investments made possible by the sharp reduction of interest expense the country would new momentum.
criteria for allocating debt between citizens
The breakdown could be done based on the current value of real estate, giving relief to 'time when the goods are entered in the availability of 'current owner. An example. According to reliable data, public debt is equal to roughly 25% of the Italian real estate assets expressed in current values. It follows that to halve the debt that should be on every property to be transferred an average debt of 12.5% \u200b\u200bof its current value. I say "average" because in practice the amount transferred to each property depends - among the 'other - from' year 's purchase and the subjective position of the holder. The methods of distribution, it being the 'goal should be left for obvious reasons, plenty of space to politics, understood in the noble sense of the word. Chances are that the proportion varies between 5% and 20% of the current value of individual assets.
wealth tax but not a special tax on real estate capital gains
is not a wealth tax. For two reasons. The capital is a normal tax to be paid immediately, which often arises the city in dramatic situations. By my guess, however, the owner of 'property has a number of payment methods. You can pay now, earning a reasonable discount and can pay in 'period of 3-4 years without discount and without interest, and may pay to the future, maybe when the' property will be sold in which case the debt will be assisted by 'Mortgage on 'property and will be costly at a rate roughly equal to that on the mortgage. I omit for obvious reasons, many details. I only say that may be adopted various effective measures to give peace of mind to borrowers / owners on time and on ways of payment. It could, among ' other things, revitalizing the 'institution of the bare ownership and facilitates' access to appropriate fiscal measures. The second reason is that the one proposed here is essentially a 'special tax on capital gains and not a real estate asset. Tant 'is that, for example, two apartments with the same current value may be a' very different sets, in fact, one of them might not suffer if you bought any recently. Everything depends, in short, the gain built.
has an ethical and above all no alternative
We must recognize that we Italians when we talk about the drive home we do more by sentiment rather than reason. I, however, two considerations. The first is, if I may say so, the scope of the ethics proposal. In recent decades, property values \u200b\u200bhave grown enormously as a result of so-called urban income. It is not difficult to guess that if the State had adopted a different discipline areas, the income could be gained from 'tax authorities and, if so, would not have the debt we have today. Compared to 40-50 years ago, property values \u200b\u200brose in some cases, up to 100 times, in each case has increased by tens of times. Now, it does not seem unreasonable, even in ethical terms, that part of this increase is acquired by the state in a manner which causes the least disruption to the public. We must remember, then, that at least 20-25% of the Italians did not own a house and therefore could not enjoy that income. The second consideration concerns the possible alternatives to the proposal made. I do not think there are easier roads and - as I say? - More just to recover elasticity of the budget and implement a development policy. If there are, esploriamole. What we can do is pretend not to see.
Which political force will implement this project?
A political force which he joined on its' strong idea of \u200b\u200bgiving a real turning point, economic and social, in our country. This political force should be given the task to transform the proposal into a project in a large-country long-term project and get around it my full support in the country. In this major project must also find a place measures to combat more effectively the 'tax avoidance, to subject to fair taxation assets that now escape you, to reduce corporate taxes, to a more equitable distribution of tax burden on families, with particular attention to conditions of greater poverty.
Anthony Macaluso
(January 26, 2011) - Corriere della Sera
Source: camaldoli.org
