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    Taxes and wages

    posted by  Sparky Spark in Azores forum 

    Hi;
    I just changed my screen name, and I am still the same person.
    If I am allowed to make a comment about taxes and wages.
    If the Azores have property taxes than it is not free to live there even if I buy a house.
    Further more if the wages, that can be earned there, do not cover the taxes I have to pay to live
    there, than it is not a self-sustained living. This seems like a growing trend. GenerationX followed by
    generationJobless followed by generationHomeless.
    I think, off the grid/self-sustained living is possible nowadays.
    A person from East-Europe would go to live to the Azores, not for finding himself/herself/themself in the
    same situation of what they left. The little material possession, what they have, would not be up for risk.
    The Azores would be a new place, isolated place. Foe an East-European it seems there is no return
    from there, specially if all the money was spent on taxes. The rest of the money would be tied up in
    real-estate. No jobs to earn money to pay the taxes. Real-estate property taxes would be compounding
    and taking away the equity.
    So right now, with these conditions the Azores for those people seems like a trap. That might be the
    intention of governments.
    To bring economic boom, the government would have to take initiative, or the population as a grassroot
    movement would have to take an initiative. That could be no property taxes, or no property taxes for a long
    period of time after purchase. As an autonomous region of Portugal, this region could do that.
    I do not expect miracles. I do not expect this change. I look for possibilities on international waters.
    Sincerely.

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