Giovedì, 20 Settembre 2018
SANTA MARGHERITA LIGURE

Italy risks social 'revolt' say young employers

English
© ANSA

Santa Margherita Ligure, June 7 - Soaring jobless
rates and the lack of prospects for young people mean
politicians face a social "revolt" in Italy, young employers
said Friday.
They also called for "statesmen rather than miracles" and
urged business-crippling tax rates to be lowered.
"They (the politicians) have emptied tomorrow of hope and
filled the present with anguish," said the head of the young
employers' branch of influential industrial confederation
Confindustria, Jacopo Morelli.
He warned: "Without prospects for the future, the only
prospect becomes revolt".
More than 40% of Italian 15-to-24-year-olds are out of work
while businesses are shutting down all over the country and the
rate of start-ups is at an all-time low.
Many of the best young Italian minds and talents are
leaving the country while those that stay face the bleakest job
prospects in decades and the impossibility of starting families,
amid widespread talk of a 'lost generation'.
Morelli said Enrico Letta's new government, which has vowed
to revive an economy in its longest recession for 20 years, must
help Italian entrepreneurs and workers "pursue together
development, growth and social cohesion".
Morelli called on the government to take substantial
measures to reform the tax system, improve equality in the name
of economic efficiency, and demonstrate the courage necessary to
deal with a myriad of problems plaguing business and the
economy.
As a starting point, government must quickly address the
lack of business confidence that stems from fears about the
stability of the government and the economy, said Morelli.
Staggering job losses, falling industrial production and
concerns over government stability all undermine business
prospects.
"No entrepreneur can work if he does not have
security...Whatever the company, it demands confidence".
That also means government must focus more attention on
business and labour taxes, and worry less about the
controversial IMU property tax, Morelli told a two-day
conference of young business leaders.
Another high priority must be closing the "wound" of tax
evasion and corruption, which undermines confidence in the
government and its economy, he added.
The loss of 120 billion euros to tax evasion and another 60
billion euro to corruption kill respect for the government and
force legitimate businessmen and tax payers to make up the
difference, said Morelli.
The hated IMU is a problem for Letta as ex-premier Silvio
Berlusconi has threatened to bring down the government if it
doesn't meet his key campaign pledge of scrapping it and
repaying last year's proceeds.
Letta, who has for now just postponed a June instalment of
the tax, is widely expected to repeal it and re-introduce some
form of property tax under a different name, exempting the less
well-off.
Italian business also needs the labour provided by
immigrants as well as greater certainty in the laws surrounding
newcomers to the country, said Morelli, wading into a major
debate in Italy over possible liberalization of immigration
laws.
New immigrants should be treated more equally - as should
women and any other group that has been marginalized, said
Morelli.
Moves in this direction should not be feared but welcomed
as good for business and the economy, he added.
"An unequal country is an inefficient country," he said,
adding that inequality "impoverishes everyone".
He noted that the uncertainties and struggles that Italy
faces today are not so different from those faced more than 500
years ago, when Italian political thinker Machiavelli wrote The
Prince, an innovative treatise on government.
"In the summer of 1513, Machiavelli began writing The
Prince in an Italy plagued by uncertainties and struggles," said
Morelli.
"Today, after 500 years, similarities are (still) there".
And that should serve as a wake-up call to government to do
more to move Italy away from the fear and uncertainty the
economy faces today.
"When the future is fear, when inequality threatens our
society...there comes a time, and that time is now," to stop
wasting opportunities for dramatic economic and fiscal reforms,
he said.

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