Comments by "DS9TREK" (@DS9TREK) on "Should Wealthy EU Countries Take on Poorer Debt?" video.

  1. If the EU still wants ever closer union it has to happen. Can you imagine rich states in Germany or the USA refusing to subsidise poorer states? Can you imagine England refusing to support the other parts of the UK? Eventually the EU will have a fork in the road... Rich members subsidise the poor, or give up the euro. Which do you think they will pick, considering the EU's sole purpose for existing is "ever closer union".
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  2.  @TheMrMerudin  Scandinavian countries aren't socialist. They're capitalist with a generous welfare safety net.
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  3. Ever closer union. The EU is all about ever closer union. And it won't work without a degree of common debt because the whole is greater than the sum of its parts. Imagine if the federal government of the USA or Germany left weaker performing states to suffer instead helping them through wealth redistribution. The whole nation would suffer as the economic inequality causes social division and strife. The EU's drive to integrate can't be stopped... David Cameron tried to get a minimal amount of superficial reform prior to the Brexit referendum and failed. And that set the EU's course. It'll get to its destination or it'll derail and fall apart. But it isn't going backwards or staying still.
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  4. The UK also agreed to guarantee Russia's lend-lease debts to the USA incurred during WW2.
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  5.  @marcodiepold8620  they all share debt to some degree. The federal governments of the USA and Germany both borrow to spend in the Individual states, for example. Such as during lockdowns. Poorer states often got more in payments but it's the richer states who pay the most back. Public pensions are also an example of shared debt.
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  6. But the purpose of the EU is ever closer union. Eventually it has to have EU-wide taxes, common debt, wealth redistribution, common wellfare benefits, such unemployment payments, etc. Good luck! 👍🏻
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  7. Federal taxes and federal debts are necessary if the euro is to have a long term future.
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  8. Tax competition is good. The USA has different state level taxes and it promotes competition
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  9. That's why the EU would need federal taxes set by the EU parliament
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