My limited-in-scope survey says hard working Spaniards are incredulous.
Might be just my family, who knows…
Spain is celebrating national elections soon and the 2nd most important party on the left wants to give 20,000 euros to everyone turning 18 to study, train or set up a business.
That is 10.1 billion Euros within 1 year.
Giving 10.1 billion Euros within 1 year to all turning 18 is double the 5.4 billion Euros budget allocated to Spain's public health system for 2022.
Giving 20,000 Euros within 1 year to all turning 18:
- Represents giving them 72% of the GDP per capita.
- It's roughly equivalent to Spain's gross median salary. They would get it for doing nothing.
What do all the people working hard, waking up early and going to bed late to make ends meet think about this?
With this proposal, the Spanish government will print out of thin air an additional 10.1 billion Euros every year.
What will that do to the Euros in your pocket? You know the answer....
How can you protect yourself? You know the answer as well...Bitcoin.
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