Mises Wire
Author:
Daniel Lacalle
Online Publish Date:
Angela Merkel used to say that “the European Union is about 5% of the world’s population, about 25% of its GDP, and about 50% of global welfare spending”: The real data is more concerning. The European Union is: 7.2% of the World Population. 23.8% of the World’s GDP. 58% of the World’s Welfare Spending. Something has to give. The EU average tax