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Second Easter Utopia entry: Slovakia. I dissed the supposed flat tax wonderland spin already, but here is some new input: the extremely high Q4/2005 GDP growth of 7.5%, upon analysis by financial institute SLSP, proved to be a 6% 'natural' growth, with another 1.5% added by speculative filling-up of inventories (for example cigarette sellers) - and this is expected to result in a reduction of early 2006 growth.
For comparison, in the Czech Republic, which does not have flat tax, Q4/2005 growth was found to have been 6.9%. However, there too, capitalism is on the march: the inflation-corrected growth of earnings was lowest since independence. *Lunatic*, n. One whose delusions are out of fashion.
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