I would disagree it’s communism It really depends if you mean West vs East or North vs South. Communism is much much worse than that (believe me, I grew up in the disgusting swamp called communism and post-communism). Also, there’s no real taxes in a communist‘s world.
But I totally agree that the current socioeconomic system in the EU is a bureaucratic socialist nightmare. In fact, it’s a socioeconomic trap that all EU countries got stuck in, more or less. High taxes are needed to be able to pay all sorts of subsidies to the companies or people whenever some crap happens (pandemic, war, energy crisis, etc.). At a first glance, this might appear as a good solution: people feel „protected“ and „supported“. But in reality, this leads to a weird type of subsidy-begging mentality, where, instead of creative thinking, self-discipline and business spirit, people start behaving like helpless kids. The governments are happy about this, because they can raise the taxes and subsidize even more stuff. Also the classical Fiat system benefits from that. People get psychologically dependent, like in a toxic abuser relationship.
There’s one way out of this trap in my opinion, and this is to radically reduce the taxes and give the people the full economic responsibility, as much as possible. But I’m afraid this is not gonna happen, because it would require a new generation of liberal/moderate right-wing parties to emerge. And the lefties would rather die than allow this to happen.