Imagine you are running a business. You have a small business or a trade, and you are making just enough to maintain the same standard of living through challenging times.
The last budget of former Finance Minister Peter Kažimír, which was presented in 2019, before he left for the comfortable office of the National Bank of Slovakia, estimated a deficit of 0.1 per cent of the GDP – some €100 million.
The Inflation Reduction Act signed by the Biden administration in the autumn of 2022 could be one of the most expensive climate legislation in the world.
“We can see that it works” is oftentimes the argument adopted by politicians and NGOs to justify why Danes’ choices must be governed through regulation and taxes.