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2022 m. balandžio 28 d., ketvirtadienis

Who benefits from rising prices in Lithuania?

Entrepreneurs, because wages increase less than prices go up, and therefore the amount of money we pay to entrepreneurs goes up. The extra money goes into profits. 

It is less well known that as prices rise, so do taxes, especially value added tax is important here. In Lithuania, that extra tax money goes to defense, even though no one is attacking us. Really it goes to the golden spoons - to the bank accounts of those who have access to the supply of the army (Landsbergiai controlled Mafia):

    "The Minister of Finance Gintarė Skaistė said that the extra revenue makes it easier to finance the basic needs of the state, such as defense." ... , or, more precisely, the extra income is all distributed and some borrowing is still needed," - the Minister said."

 

 

 


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