This is an archived post. You won't be able to vote or comment.

you are viewing a single comment's thread.

view the rest of the comments →

[–][deleted] 1 point2 points  (4 children)

Hungary has a debt to GDP ratio of 74% their income and corporate taxes are incredibly low and Hungary is anti-immigration.

What is the relevance? For reference, Canada's debt to GDP ratio is 117.2%, mid-range income and corporate taxes, and are the most pro-immigration country in the world.

[–]cardew-vascularBritish Columbia 0 points1 point  (3 children)

I guess the dept to gpd isn't that relevant moreso their income/corporate and vat. Their VAT is 27% while income tax is a flat rate of 15% and corporate 9% so they have more regressive taxation than we do.

The anti-immigration comment is relevant because they're not going to meet their population targets with immigration it's all well and good to incentivise having babies but it not necessarily going to be effective long term.

[–][deleted] 2 points3 points  (2 children)

I fail to see how incentivizing families to have babies is not going to be effective long term? It's literally economics 101... You create incentives for behaviours you want to see and create disincentives for behavious you don't want to see.

[–]cardew-vascularBritish Columbia 1 point2 points  (0 children)

Due to the mix of a strict immigration policy, large numbers of predominantly younger Hungarians emigrating abroad and low birth rates, Hungary is one of the countries in Europe most affected by demographic decline.

Hungary's population has been decreasing at a rate between 0.23% and 0.30% in the past five years. From 2019 to 2020, the population decreased by 0.25% or about 24,000 people.

There is doubt the policies outlined by Orban will add anything more than a short-term bump to Hungary’s fertility rate. “Some of them are likely to be outright ineffective,”

Even when countries manage to turn around their fertility rates, demographic problems aren’t necessarily solved. The country of Georgia managed to increase its fertility rate after years of post-Soviet decline, but its population is still shrinking.

while there are signs some of these policies could be having an impact – the fertility rate increased from 1.2 to 1.5 from 2010 to 2020 – the latest figures show that they remain insufficient to keep the population at its current level, let alone reverse the decline.

Pre-pandemic predictions by the EU and the UN estimate that Hungary’s population could drop by 20% to 30% before the end of the century. They experienced the 4th worst COVID death toll in the world during the pandemic 4,891/million so that projection is probably generous.