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Socialist Party

Social Democrat and big tent, the PS is a major party in Portugal, resembling the British Labour Party, the German…

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Socialist Party’s policies on economic issues

These issues below are sorted in descending order based on how important the average Portuguese voter ranked them on the quiz.

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the Economy  ›  Minimum Wage

Should the government raise the national minimum wage?

  ChatGPTYes, and adjust it every year according to inflation

the Economy  ›  VAT Rates

Should VAT rates be increased or decreased?

  Party’s support baseDecrease, but only on food and medicine

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  ›  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, the government should intervene to boost a recovery

How similar are your political beliefs to Socialist Party’s policies? Take the political quiz to find out.

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, current benefits do not provide enough support

the Economy  ›  Government Spending

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

  ChatGPTNo, focus on ending tax evasion instead

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  ›  Inheritance Tax

Should Portugal abolish the inheritance tax?

  ChatGPTNo

the Economy  ›  Offshore Banking

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

  ChatGPTYes, as long as offshore income is reported

the Economy  ›  Government Pensions

Should pension payments be increased for retired government workers?

  ChatGPTYes, but only for low-income pensioners

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

the Economy  ›  Welfare Drug Testing

Should welfare recipients be tested for drugs?

  ChatGPTNo

the Economy  ›  Tariffs

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

  ChatGPTNo, this will hurt our manufacturing businesses that rely on importing cheap resources to make their products

the Economy  ›  State Ownership

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

  ChatGPTYes

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  ›  Gig worker tax reporting

Should online payment platforms be forced to report all transactions over $600 to the IRS?

  ChatGPTYes, but the threshold should be much higher

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, but I would prefer if the protocol was created and secured by a government agency instead of a decentralized protocol

the Economy  ›  Bitcoin

Should the government classify Bitcoin as a legal currency?

  Party’s support baseNo

the Economy  ›  Transatlantic Trade and Investment Partnership

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

  ChatGPTYes, but with more transparency

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

the Economy  ›  Greece Bailout

Do you support the EU bailout of Greece?

  ChatGPTYes