Better than ever. Nerijus Mačiulis
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An economist talks about how this quarter of a century was an exceptional period of prosperity for Lithuanians. Lithuania is ahead of some European old-timers in terms of prosperity, and economic growth is the highest in the region. However, it will be necessary to find funds for defense. In Lithuania, there is too little talk about cutting inefficient spending. It is necessary to make the tax system more efficient and transparent, and its fairness must be vertical and horizontal, when those with higher incomes pay a higher rate, and those with the same income but engaged in different activities pay the same rate. According to N. Mačiulis, consumption and property taxes are better than income taxes because hedonism is taxed. 00:03 A period of prosperity. 01:45 What is positive and normative economics. 06:02 Purchasing power. 09:33 What share of GDP is accounted for by wages. 10:02 Increasing bargaining power of employees. 11:48 Why is Lithuania doing better than Estonia? 17:37 New tax changes in Lithuania. 19:22 Why does Estonia avoid borrowing? 23:00 How to make the tax system more efficient and transparent? 27:40 Which tax system is fair? 30:49 Is it effective to publicly discuss tax reform? 33:43 How international experts are used to reform taxes. 36:05 The reason for Latvia's lagging behind. 36:54 How Paluckas can cover his tail. 40:10 Why corporate tax is a poor source of revenue. 42:46 Where to get additional funds for the budget. 44:32 Money is spent inefficiently on education. 46:14 Should more GDP be redistributed through the budget.
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