Today in Silicon Continent I tell the astonishing story of the Italian Superbonus. How was the dumbest economic policy ever put in place and expanded by left, technocratic and right governments and not questioned by Brussels and Frankfurt?https://t.co/0Ha3w0I0tG
— Luis Garicano πͺπΊπΊπ¦ (@lugaricano) February 14, 2025
Seems unprecedented
Man I wish we could print money like that. Franks are blessed.
Renovation worth as much as a house is
How're they estimating fraud at just 5% of that lmao. Seems more like 60-70%, how tf do renovations cost as much as a built house+land?
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Seems people are just jealous of ItaliaKANG financial wizardry methinks.
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I'm not sure that strat is working kang
They could've used it to subsidize manufacturing, greenwash it so it becomes more competitive in carbon credit maxxed world. Build up an army to plunder Germany with. I cannot fathom what made them decide to do handouts to geriatric home and construction company owners lmao.
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I'd say kickbacks to allies but the fact it persisted under three ideological different coalitions makes it sound like some kind of welfare policy.
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