Party of European Socialists’ Policies on Economic Issues

the Economy › Minimum Wage

Should the government raise the national minimum wage?

ChatGPTYes, and adjust it every year according to inflation

the Economy › Corporate Tax

Should Portugal raise or lower the tax rate for corporations?

ChatGPTIncrease for large multinational corporations but lower for small businesses

the Economy › VAT Rates

Should VAT rates be increased or decreased?

ChatGPTDecrease, but only on food and medicine

the Economy › Taxes

Should Portugal raise taxes on the rich?

ChatGPTYes

the Economy › Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

ChatGPTYes, but in the form of assisting sectors most heavily hit by the recession

the Economy › Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

ChatGPTYes

the Economy › Four-day Workweek

Should Portugal transition to a four-day workweek?

ChatGPTYes, and require overtime pay for work over four days per week

the Economy › Welfare

Should there be fewer or more restrictions on current welfare benefits?

ChatGPTFewer, and ensure benefits go to those that need it most

the Economy › Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

ChatGPTNo, increase taxes on large multinational corporations instead

the Economy › Inheritance Tax

Should Portugal abolish the inheritance tax?

ChatGPTNo, reform so the tax rate is based on the wealth of the recipient rather than the deceased

the Economy › Universal Basic Income

Do you support a universal basic income program?

ChatGPTYes, everyone should receive an income to cover basic necessities including food and housing

the Economy › Offshore Banking

Should Portuguese citizens be allowed to save or invest their money in offshore bank accounts?

ChatGPTNo, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

the Economy › Government Pensions

Should pension payments be increased for retired government workers?

ChatGPTYes, adjust them yearly for cost of living

the Economy › Labor Unions

Do you believe labor unions help or hurt the economy?

ChatGPTHelp

the Economy › Bonus Cap

Should bankers’ bonuses be capped at 100% of their pay?

ChatGPTYes, and lower the cap to 50%

the Economy › Welfare Drug Testing

Should welfare recipients be tested for drugs?

ChatGPTNo, this is a waste of time and money

the Economy › Tariffs

Should the government add or increase tariffs on products imported into the country?

ChatGPTNo, a global free trade system is better for our businesses and consumers

the Economy › State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

ChatGPTYes, the government should receive equity for any financial aid they provide to companies

the Economy › Surcharge Ban

Should the government ban surcharges tacked onto concert tickets, cable bills, banking services, hotel bookings and other purchases?

ChatGPTYes, all costs for a service should be included in the final purchase price

the Economy › Decentralized Finance

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

ChatGPTYes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services

the Economy › Transatlantic Trade and Investment Partnership

Do you support the Transatlantic Trade and Investment Partnership (TTIP)?

ChatGPTNo, this will incentivize companies to move jobs out of the country

the Economy › Stock Buybacks

Should the government tax stock buybacks?

ChatGPTYes

the Economy › Cryptocurrency

Should the government classify cryptocurrencies as legal forms of payment?

ChatGPTNo, classify cryptocurrencies as highly regulated securities

Party of European Socialists