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NomNom@feddit.uk to Europe@feddit.orgEnglish · 4 days ago

The Luxembourg paradox: A record number of working poor in the EU’s wealthiest country

english.elpais.com

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The Luxembourg paradox: A record number of working poor in the EU’s wealthiest country

english.elpais.com

NomNom@feddit.uk to Europe@feddit.orgEnglish · 4 days ago
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The contrast between the high cost of living and housing and the difficulties faced by part of the population puts a strain on the social model of the small Central European state
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  • Leon@pawb.social
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    4 days ago

    The rich exploiting the working class? Gasp! Say it isn’t so!

    • definitely_AI@feddit.online
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      2 days ago

      Luxembourg are worse offenders than most. It’s basically the Cayman Islands situated smack in the middle of Europe. They funnel astronomical sums of money for megacorps, terrorists, drug dealers, and general scumlife in tax evasion schemes, are widely known for it, have been busted for it- yet nothing happens.

      Nobody knows why!

      You can drive through the country in 50 minutes. It’s genuinely Europe’s scamhole central.

      • Gathorall@lemmy.world
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        2 days ago

        Well you know, the reason is that The ruling elite of Europe get to wet their beaks on all of that.

        • definitely_AI@feddit.online
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          2 days ago

          The ruling elite of everywhere. It’s just one pirate cove out of many. The rich rape the poor, globally.

          • Gathorall@lemmy.world
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            2 days ago

            Sure, but giving the European oligarchs their cut is crucial fot this specific haven to operate.

  • ℍ𝕂-𝟞𝟝@sopuli.xyz
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    4 days ago

    It really does take a Spanish publication to refer to Luxembourg as Central European

  • definitely_AI@feddit.online
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    4 days ago

    Luxembourg funnels the equivalent of EU’s combined GDP in tax schemes yearly.

    EU is actually twice as rich as currently, if it weren’t for Luxembourg.

    Luxembourg should be invaded and be assimilated into the greater EU.

    It is a rogue state as far as I am concerned.

    • ironblossom@feddit.org
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      3 days ago

      At least give one concrete example of such tax schemes, and it better be illegal

      • definitely_AI@feddit.online
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        2 days ago

        The whole point of tax havens is that they ARE legal. According to their nation’s specific laws. Luxembourg features heavily in the Panama Papers.

        https://ordnur.com/business/luxembourg-is-the-ultimate-tax-haven/

        And these leaks:

        https://en.wikipedia.org/wiki/LuxLeaks

        This was a MASSIVE scandal back in… 2010-ish?

        • ironblossom@feddit.org
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          1 day ago

          Thanks for that

          • definitely_AI@feddit.online
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            1 day ago

            Yeah, have “fun”!

            :(

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