>As to bust spenditures ?
>
>If reducing VAT stimulates spending, the VAT take may actually rise- just as some people insist that dropping tax to a maximum of 20% across the board would stimulate more economic activity and increase the tax take.

I was kidding :)

However this is measure (lowering vat on some products) is comparable to giving aspirin to a seriosely ill. It might ease the pain little bit, but cannot cure desease. For that we will all need to undergo some serious therapy I am afraid.

It was easy (profitable) moving labour intensive jobs/industries to China/Asia, while we got busy selling 'services', but how long we can live (way we live) by selling services ?? Once 'cows' are gonne, they are just that... gonne. Milk simply starts running some place else. So far we are still ones making more cheese out of it, but question is how long this is going to last. Who is going to feed cheesy west tmrw when 'cheese factories' are gonne as well.

Software ? Uhhm ... sure bet! {g} I am bying myself a farm in Serbia :))