Raising taxes during a recession is considered by economists to be a Very =

Bad Idea, because it creates the inevitable deadweight loss (i.e., makes th=
e =

recession worse). With all other options exhausted, printing more money or =

borrowing are lesser evils.

"It is quite common that a
graduate lives in a shared house -- is it the same in other places?"

One of my cousins did that for one year after graduation, as did one of my =

friends.

Vitaliy



----- Original Message ----- =

From: "Tamas Rudnai" <tamas.rudnai@gmail.com>
To: "Microcontroller discussion list - Public." <piclist@mit.edu>
Sent: Friday, July 03, 2009 00:25
Subject: Re: [OT]Would a recent IT graduate be cabable of all this?


As far as I know here in Ireland the graduate's salary is around =8030k whi=
le
in the UK it starts from around =A322k. Euro and Sterling is a bit stronger
than USD so it seems that the salary here is high, but also the living costs
are quite high. Not sure the taxes in the UK at the moment but here in
Ireland they just increased recently due to the recession -- I think UK
still has the lower VAT till the end of this year? It is quite common that a
graduate lives in a shared house -- is it the same in other places?

Tamas

-- =

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