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Kojo's avatar

"......Europeans need to rein in or toss out the current batch of nostalgic leaders wanting to fund their military industries on almost stolen Russian foreign reserve assets and their citizen's savings, sitting in pension funds..."

No. Its worse than that.

1) Most of the spending goes to US weapons companies, and US tech companies

2) The biggest way this is to be funded is:

- cutting BASIC social services and redirecting that money

- increasing taxation and fees on working pople

- borrowing money "issuing government bonds" from the financial companies ie mostly americans since they are giants in this sector

What they have ALL ruled out, is even a penny more of taxes on the rich, whohave DOUBLED their wealth in ust the few years since coronavirus.

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