Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-10-02-Speech-1-081"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2000-10-02"^^xsd:date2
dcterms:Is Part Of	lp_eu:Risk capital2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20001002.6.1-081"2
lpv:hasSubsequent	lp_eu:2000-10-02-Speech-1-0822
lpv:speaker	lp:Armonia Bordes2
lpv:spokenAs	member; Delegations to the parliamentary cooperation committees and delegations for relations with Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan and Mongolia (1999-09-29--2002-01-14)3 member; ECON (1999-07-21--2002-01-14)3 member; EUL/NGL (1999-07-20--2004-07-19)3 member; Committee on Women's Rights and Equal Opportunities (1999-07-21--2002-01-14)3 substitute; Committee on the Environment, Public Health and Consumer Policy (1999-07-21--2002-01-14)3 unknown; Lutte ouvrière (1999-07-20--2004-07-19)3
lpv:translated text	"... which will be of benefit only to that minority of the population which has capital to invest and move around. The package of proposals just provides one more illustration of the fact that the European Union has been built exclusively in order to favour the movement and investment of large amounts of capital and, as a corollary, small amounts. Yet this concerns the majority of the population, as it is their money that the European institutions count on using in order to fund the measures to facilitate private investment. The people who do not own capital but who pay the bulk of taxes, largely through indirect taxes such as VAT, will therefore have to fund the subsidies and tax deductions envisaged for investors and the tax advantages granted to stock options. The plan is to favour pension funds, but that inevitably means favouring pay-as-you-go schemes. The money which ought to be used to provide a decent retirement pension for all will then be used to enable a minority to make greater private profits. We consequently refute, in its entirety, an approach designed to take even more money out of the pockets of the working classes that form the majority of the population in order to siphon it off towards holders of capital."@en1

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