Tag Archives: austerity

The Plagues of Austerity and High Taxes

Austerity and High Taxes increase the unemployement, cause economical crises and debts.
The more money the people have, the better the economics of a country.
When people spend more money for products and services, they increase the profit of businesses and create new jobs. New businesses get founded, because the consumation and the needs of certain services become higher.

When an owner of a restaurant make a big profit, he will need more employees to provide a better service and perhaps to open a cafe or another restaurant to invest furthermore. In this way the owner creates new jobs.

When the owner of this restraurant can not make a profit, because the people have no money, he will have to close the restaurant and his workers, including the owner of this restaurant will become unemployeed. The same is valide for other branches, notonly for the gastronomy. 

If my fashion company receive  1 million orders in addition, I would need more employees to made the clothes . I will create more, new jobs and will decrease the unemployement in this way. If I have 10 millions bood orders. I will need more workers to print my books. 

by Petia Ganeva