TRUMP CAN AFFORD TO IGNORE THE TOOTHLESS WEF ELITE IN EUROPE
COSTS OF CIRCA 20 PER CENT OF ALL TAX REVENUE CANNOT BE BORNE BY ALREADY MASSIVELY INDEPEBTED EUROPEAN AND UK ECONOMIES PAYING HUGE INTEREST TO PRIVATE BANKS
EUROPE S BIGGEST INDUSTRIAL POWER, GERMANY, HAS AMMO FOR MAX 2 DAYS OF WAR
LITTLE CAPACITY TO PRODUCE MORE AS IT STRUGGLES WITH DEBT, DEINDUSTRIALIZATION AND SKY HIGH ENERGY PRICES
PLUS, PUBLIC IN REVOLT AGAISNT THE WEF ELITE
MORE LIKELY TO TURN THEIR WEAPONS ON THEM THAN TO ACCEPT CONSCRIPTION
Media claim European counties can afford at least 7-10% of GDP annually in initial years and then at least 5% of GDP. to build a new military power independent of the USA.
That is nonsense.
Let us do the maths.
7 to 10% of the GDP translates to about 15 to 20% of the total tax revenues of EU countries where tax levels are already very high and strangling businesses.
15 to 20% of tax revenues is about one in five or six euros or UK pounds gathered in tax has to be spent on defence!
This at a time of record national debts and interest payments, pensions, social security and now disability and NHS medical expenses due also the covid jab damage.
The UK has a record high tax burden of 38%.
8.2% of the public spending goes on interest on the UK s record national debt to private bankers.
Defence spending of 20% on defence would bring the total spending on debt and defence to around 30% of all public spending.
Debt and defence in broad terms do not benefit an economy but drain it. That means, the real world economy of the UK will de facto shrink to support these extraordinary expenditures.
France, Germany, Austria, Denmark, Greece are among the countries with personal income tax burdens of about 50 to 55%.
https://taxfoundation.org/data/all/eu/top-personal-income-tax-rates-europe/#:~:text=Among%20European%20OECD%20countries%2C%20the,have%20the%20lowest%20top%20rates.
Germany spends more than 10% of their GDP on pensions.
https://www.cnbc.com/2022/10/31/germanys-pension-system-will-collapse-without-reform-influential-lobby-group-says.html
It has a gigantic debt which it has reduced mainly at the expense of vital investments.
https://www.osw.waw.pl/en/publikacje/osw-commentary/2025-01-28/debt-brake-germany-a-crisis-uncertainty
Already struggling businesses will die under the extra tax burden.
That extra tax burden and or massive austerity will never be accepted by the public, furious at the covid jab harms and other crimes.
The Greek people, for example, are in semi revolt over the Tempi train collision cover up carried out by war mongerer Misotakis as Fridays million strong protest and general strike showed. They will not support his efforts to arm Ukraine for the private interests of his cronies by raising the laready sky high taxes. let alone conscription.
Furthermore, there is almost no significant manufacturing, energy or R and D basis left to build up a significant military capacity.
Energy prices have soared since Russian gas was cut off.
Europe s armies are run down.
Germany s army has ammo for only two days of war at maximum according to media.
https://www.n-tv.de/politik/Waffenindustrie-Bei-einem-Angriff-haette-Deutschland-nur-Munition-fuer-ein-bis-zwei-Tage-Krieg-article23637582.html
Two days maximum! Europe s biggest industrial power!
https://www.faz.net/aktuell/politik/inland/bundeswehr-munition-fuer-zwei-tage-18494755.html
It has little or no capacity to manufacture ammo lacking steel, lacking cheap energy, lacking industries, supply chains.
What equipment Germany and European armies have is hopelessly outdated.
It has no missile systems to defend against Russian and Chinese hypersonic missiles.
The European armies do not work well together and there is no feasible plan for a European army which can work.
It will take decades to turn Europe into a military power.
If it ever happens.
From media
It is possible to have strong European military to defend Europe. Even without the US. It costs at least 7-10% of GDP annually in initial years and then at least 5% of GDP. When the hell are we starting?” Is Europe serious about doing this? We will hear more on that this week, with a Bundesbank proposal on debt brake reform today, and another European summit on Thursday. Just recall there is a huge price tag for European inaction as well.
https://www.zerohedge.com/geopolitical/peace-our-dime
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