My Life on this planet.

In Belgium, attempts to form a government stalled (partly) due to disagreements over tax reforms as these should be more balanced. While these reforms are essential, they should not disproportionately benefit the wealthy, as this would place a greater burden on middle and lower-income citizens. When the majority can no longer afford to spend, businesses will suffer as consumer demand will decline, leading to a decrease in profits. Initially, probably local companies are more affected, but eventually, even larger corporations will feel the impact as well. In the UK in 2022, Prime Minister Liz Truss ’s government also found it essential to reform the tax system, but her government collapsed shortly after introducing a plan as it was considered too extreme and bad for the economy. PM Truss argued that British taxes were among the highest globally, a claim that seemed exaggerated — especially compared to Belgium’s system which imposes much higher taxes at lower income thresholds. While...