Sunday, October 22, 2017

Italy Situation

Only to point this out because it popped up in the news this morning....two Italy 'states' are going to have a vote on autonomy....meaning that they want more of a say about their rules and taxation/revenue. 

The two?  Lombardia (far north central region and fairly wealthy), and Veneto (northeast, and also fairly wealthy).

Most problems like Spain?  Well, here's the thing about Spain and tax revenue.  If you took the top eight most northern states of Italy....it's filling about 50-percent of the tax revenue for the nation.  You can figure that that one-third of the nation is carrying sixty-percent of the revenue production of the country....roughly.

So there is some hostility that they aren't getting their fair share back.  The issue here is that only two states are going to the extent of a vote.  Basically, they are taking the first step toward what you see in Spain.


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