An EU Fiscal Union will PREVENT the next Brexit - here is why 

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Since there are so many US focused RU-vid channels that make it so the a majority of political, economical and law discourse is US-centric, I’m glad channels like these exist to represent such an important Union. Great video as always, and good look going forward ❤️!

Really nice to see, that you already adapted so fast to the feedback, that we'd like longer videos! And great video as always 👍

To make the Monetary Union work you need: 1. Common currency + Central Bank (done), 2. EU budget (pending). 3. EU Taxes (pending). If not, the Euro is doomed. Thank you Lambertus for your great channel. Congratulations for your 40k subscribers.

The UK promised 350 Million pounds a week for the NHS yet the NHS has gotten worse.

This channel should be much bigger, the EU is criminally underrepresented on YT I feel. You and IntoEurope are changing that, thank you!

Thank you @TheEUMadeSimple for allowing us to contribute to the production of this video on a very complex topic such as fiscal union. Your channel is a great service for European citizens who are looking for quality information and content that does not only talk about the existing but also about the problems of our Europe and the future of the European integration process.

I'm all for fiscal union but levying yet another tax on EU citizens..? Most EU citizens are already getting like 45% of their income squeezed. On top of this, we are paying insanely high VAT in most countries. Here in Italy the social benefits I get are not even close to adequate in relation to money that I pay. Whats even worse is that even with insanely high taxes and extremely low military spending, we are still running a massive budget deficit each year. Many EU countries seem to be in similar situation. So why would I trust some government in Brussels to do any better with my money?

Congrats on 40k, well deserved! I loved the video, especially that you cover potential solutions, as well as challenges to these solutions. Most often I would see people cover only the issue, and leave it at that. I also loved the guest contributor from the UEF!

Finally. There is really nothing on youtube about this topic. I'm glad you're the first to discuss this topic because no one would have done it as well as you did. Thank you so much for your work.

Building the US of Europe may have looked like an appealing idea 50 years ago, but when I look now at what the US is turning into, I say no thanks. Let us be Europe. It is not perfect, but it is alright.

Due to the divergences between member states regarding how differently states spend their money and the complex legislation, I'm a bit sceptical a fiscal union can be achieved in the short-medium term (even though I'd love this to happen) With that said, great video. Very detailed, straight to the point and clear to understand. You gained a subscriber and I hope you'll get more!

Fiscal Union is a must. I’m always desperate for it. It doesn’t have to go through the EU, and may go through the Eurozone (prefer through the EU though). But for me, the EU will only stumble and stagnate without unification and centralisation of all major economic factors.

Very much opposed to the EU taxing citizens independently of their nation governments. I can vote whichever party taxes me least. If a fiscal union forms, I awaken one day and there's a new institution who can take my money against my will, and I can't vote it in or out. I'm very much pro eu, but have major concerns about ever encroaching bureaucracy and reduced sovereignty.

Americans at least vote the federal government, while it feels like we have very little to say on who is making what laws at the EU level. The EU is formed from a bunch of socialists and a few capitalists that comply with them. If I'm paying more taxes, I want political parties and the ability to vote them.

Great job! Thanks for your effort.

Another great video. You cover so much in one video. No surprise that you reached 40k. I wonder how many subscribers will there be in a year (100k, 200k?, or More). You will definitely get there!!!!

I can see why Britain left and Norway, Switzerland never joined.

The EU can go to hell, aint no way Im going to pay taxes for this prision. We the Dutch already have been sucked dry by his union; of which; of which nobody asked if we wanted to join this corporate fascist institute.

Finally🤩, great video🙌🏼

Always interesting videos and overall I absolutely agree - although I think the example of defensive being offloaded from national to EU budget is maybe a little too ambitious a place to begin. As host mentioned, EU Parliament needs to be upgraded within the power structure and instead of a tax on salaries, I think a 1% vat would be easier and less controversial place to start. I personally think EU crossed a line when it took on collective debt and if there was ever much doubt, it’s now inevitable that EU should have its own tax collection ability. That can only happen with concurrent efforts to also reform decision making with vetoes being severely limited and while the current Commission President seems to be winning the power struggle to be the internationally recognized head, I think it really ought to be the Council President and that role needs to be elected by the citizens directly so that they can speak with a mandate given to them by the citizens when dealing with the national heads of state/gov. It is a good point about the EU budget actually being quite small when compared to national budgets, however it’s obviously on top of national budgets and ironically countries will oftentimes have trouble spending it all quick enough whilst also adhering to the rules. The fact that the EU budget is only for certain areas, it by design needs to be smaller. I do think all European countries duplicate military purchases are often wasteful but that is a hard nut to crack because in order for a common eu military to be worth anything you need to have buy-in from France & Germany and they are really the only two in the EU that can afford to have a complete military on their own and I’m not sure they’ll willingly hand over partial control. That’s to say nothing of, what happens to Frances nuclear deterrent, many countries are very opposed to nuclear. Long story short, although it’s clearly has benefits to stop duplication I also think that should be the very last aspect of national competencies to be integrated. A more beneficial pan EU thing that could be funded by a 1% vat or whatever it ends up being is healthcare. It is already well on its way to being integrated and i think has a much better chance of being agreed to. A next step could be road infrastructure, all fuel (& likely power generation too soon) duties could go to EU to then be assigned back to national gov’t to fully integrate the networks. Have to say, I hate that stock image of the red bus because it always riles up both sides and like everything to do with that vote is both true and false at the same time. With hindsight, I really wish UK had never joined EU and had worked with it gradually growing closer on common causes without membership, because I think we’d all be in a better position today. No hurt feelings or worthless antagonistic sniping and we wouldn’t have lost a decade of a more productive relationship. That Horizon program has apparently been agreed to (politico said) finally but I regretfully think it’s a bad deal and uk should not join at this late stage. Projects have already been designed and they needed to go to universities within eu, so now uk would be paying billions to basically help their projects. It’s a real shame that was the result but understandable that it got wrapped up and it really is in nobody’s interest when academia gets penalized but damage for this budget is done. We should all have a few years, lick our collective wounds and hopefully learn a valuable lesson so that when the current horizon budget finishes in 5 years(ish) we can get back together for next budget cycle - but in the meantime use that money for research domestically. Like I said, hindsight- it would have been better for everyone if uk hadn’t joined but gods, I hate that godforsaken bus image.

I like these imaginative polices like financial tax or carbon tax, that can increase EU budget revenue without costing too much political will. It shows there's people in there who are committed and capable. But unfortunately, I don't think the EU federalism has gotten enough buy-in from the people where the EU could ascend to the point where it can be positioned as a truly federal government.

As a Romanian, we don't change the EU taxes untill we change the EU architecture. Bruxelles is at one side of the continent, Romania at the other. I'm 💯 sure geography played a role in the development of an city, country or political structure.

I hope it won't happen 😅 At least now you can change countries, or the countries can somehow compeat,when the fiscal is united, it will be just like the Rusia, siberian money going for Moscow expenses. Or Italians, Poland's, or Spanish money will be going into German pocket. Grim scenario

We are a union of countries not a country, that is where the success lies.

Remove unanimous vote and adopt 50+1 system.

There is only one kind of taxes that makes sense in the context of the whole EU Union: import duties.

I'm ok to give the European Parliament more power. But there is a big problem: lobbying... (the latest cases show this even at the highest level). And this should be done completely transparently (the Scandinavian countries are an example of this) since it's public money and citizens should give their consent on important issues.

tell Giulia Rossolillo there are more than enough taxes, and if she wants to contribute to the EU budget she is welcomed to make a donation out of her own pockets

I never knew that you were German. Your English is soo good as a native speaker.

A fiscal union is absolutely needed!

I love the idea. Especially taxes on capital gains could be a European thing instead of national. At the moment when you buy stocks from another EU country and get dividends those are taxed in every country separately and you have to hand in proposals to get those taxes back. Very costly and absolute waste of time. If we'd raise that to an EU level every EU citizen that would be so much better for everyone

This is one of my favorite topics, because i believe this is one of the main added valued of the EU. There was an excellent cover of this subject by the youtube channel of the The Robert Schuman Centre for Advanced Studies two years ago. The video was intitled : « How EU taxes can increase citizens' support for the EU ». Therefore i would like to highlight a few more additional benefits of creating new EU own ressources : -First, those own ressources would create european public goods which would increase european citizens supports for the EU (they would see the EU is providing real things to them instead of just regulations which contribute to the feeling that the EU is just a bureaucratic machine). -Secondly, new own ressources would foster implicit solidarity (because richer members states would not have the feeling that their money is use for redistributional purpose to the benefit of poorer one). This is extremely important because solidarity will increase the economic convergence of the EU and allow the eurozone to « absorb asymetric economic shocks » (making it a true « optimum currency area » through fiscal transfer mechanism). Economic convergence would also reduce the constraint of the european semester which is one of the main critics from the left wing eurosckeptics parties who considers the European commission as being an instrument of austerity for members states through the excessive deficit procedure. Indeed, the 60% public debt limit and 3% public deficit which are part of the « euro convergence criteria » established by the Maastricht treaty are nothing but a way to maintain somekind of economic convergence between Euro members states. But if convergence is secured by European transfer mechanism, then this rule become less relevant which would give members states more leverage to answer their domestic social needs. -Then, and this is the main argument in favor of new EU own ressources. The EU is the perfect scale to restore fiscal justice in european countries which has been harmed by years of capital and market liberalizations which has increased social and fiscal dumping between EU members states. This has led the richest people to avoid paying their fair share to the community and has put the fiscal burden over working and middle class (this explain why the inequal VAT is so high in the public earning revenu ratio). By the way this is precisely why a part of the french voted no in 2005. Studies from the french renferendum of 1992 and 2005 found that the poorer french were the less likely they were to vote for further integration and the opposite for the richer. The same analysis goes for Brexit. This trend which started in the 80s has led to raising inequalities, which, as underlined by the work of Branko Milanović or Thomas Piketty is one of the key factor explaining the rise of populist (and often euroskepticks) parties across the EU. To be more precise, at the EU level you can levy taxes that members states are no longer able to maintain on their own because of the fiscal competition between states and therefore restore fiscal progressivity. The EU could for example create a european net wealth tax, an additional corporate tax of at least 15%, a common tax on high incomes, a specific tax on multinational firms, and as you mentioned it a tax on financial transactions… Moreover, if the EU create new taxes, it would certainly gain competences in the fight against tax avoidance and tax evasion which would dramatically decrease the risk of seing capital fleeing the EU if such taxes were created. -Also, new EU own ressources would be a blessing in a context of high public debt and raising interest rates. This would considerably reduce member states' public debt, through scales economies as you mentionned and through further delegations because they would not have to invest in the army, in transport infrastructures (especially railways), energy and climate transition, border management, research and development, industrial policies for example. -Finally, we know, that members states don’t have the necessery means to invest in the ecologic transition alone (the cost is far too expensive and the means available at national level far too low). We also know, that climate affect us all and there is no interest of being climate neutral at home if the neighbour country is not, we also know that in this domain there are high scale economies involved. So if we follow the principle of subsidiarity, the EU should be the one to take care of the environnment by creating new own ressources in the future. I hope it could be the subject of one of your video. In fact if this subject was explained better (or explain at all) in the medias it might appears at the top of the political agenda more quickly than we think 😉

Good video!

11:04 As an American I can tell you that giving the EU more independent taxing power will *not* actually free up Member States’ resources. It may give the illusion of a lighter burden on the State governments, but EU taxes would still decrease the revenue sources available to the Member States. You may argue that EU taxes will remain minuscule. But remember that those who pushed for federal taxation in the US said they’d only be imposed during emergencies, and then that they’d only ever be a fraction of State taxes. But now with the inevitable course of history, the vast majority of taxes we pay are permanent federal taxes, which choke out the revenue sources that would otherwise be available to individual States. My recommendation to our friends across the pond: keep your contribution system and simply get rid of the budget unanimity requirement :)

We already have EU taxes. Old enough to remember when VAT was introduced as the EEC tax. Taxation without representation has not worked out very well historically.

To eliminate EC veto, you first have to reform EU parliament, to represent equally all member states. Right now, bigger the country, more voting power it has. How would you prevent that coalition between 2 or 3 biggest countries won't screw all other 24 member states?

No no the Netherlands wil go out.

European Union, should of been a Union where the population uses one passport, one currency, a common that would be a 2nd language preferably English , and free trade amongst members. The EU should never have been given any Political nor Judicial Authority.

Budget smaller, smaller corruption. New resources means new taxes. Custom taxes makes sense, since we have custom union, and UE can change the rules. The countries are different you can't taxe the people the same. In nordic countries you high taxes but you get benefits, in eastwr Europe you get lower taxes but lower benefits. If we have to pay extra. E Europe will pay more and get less.

So, it is a bad idea. Yust keep the money in the Netherlands instead of giving it away to te EU.

I am agreed with you, it will cut also coroption between countries.

More tax in the europe?? I am agaisnt... we already have enought taxes here...

Ah ... wait a moment: John Mearsheimer said: the US will go to great lengths to prevent any regional hegemon emerging anywhere on the globe 🤔 So this "powerless" and chaotic EU might just be exactly calibrated 😉

We should do a multi speed integration into a fiscal union. There would be some issues with that approch, like which body would controll those resources, because the EU Parlament would then not work out. But I do not see any other way to get around some countries like hungary and Poland initially.

Web tax? That doesn’t sound good.

There can't be a common market without a federative entity to rule over it, so we need common economic and fiscal policy too. In the long term, we're going to need a common defense and foreign policy but that's still very difficult

Hell nah, we need to increase decentralization and competition between member states, not decrease them. There are so many issues with the US federal government, we shouldn't emulate it.

First. Also great video

It wont work because of different cultural differences and languages

To have full description of possible EU future you forgot to analyze lower level of centralization, returning some of the decision making back to member states or disbanding EU.

I just love the EU project

Stop, the EU is not a country, it is mostly an economic union of countries, with its main goal being the free movement of people, goods, services and capital, and that in itself is just great. People pushing for the EU to become a full-fledged country is one of the main reasons pushing people to euroscepticism, because that only centralizes more power, and steals power from the member states. Not to mention, the Euro initially was extremly popular when it launched, but with all the blunders the EU has made, specially with bailouts and things like that, even countries that are supposedly forced to adopt the euro, are refusing to do so, and there is really not much appetite for them to use the euro, even if it was "convinient" for european trade. With a fiscal union, you will probably push even member states that actually use the euro to try to get arround the use of the euro, because it will mean that they no longer have ANY say in fiscal policy. These are really bad ideas.

Unless it lowers state taxes I don’t want it😂

I understand the need for ads in the video, but putting it right in the middle of the timeline overview really killed the momentum 😑

Federal EU modelled on the USA needs to happen. Federal and state taxes and laws. Blueprint is there - get on with it!

great video!

I don't really give a shit, if I have to pay eu taxes, but take it out of the national budget. I ain't paying a % more out of pocket.

It may prevent another Brexit , but not a dissolution of the EU as pressure from citizens increases

Very nice proposals. Isnit possible to implement them separately? If YES what would be the first keeping in mind real possibilities to achieve the declared goal? It seems to me a bit unrealistic a proposal to substitute national armies by EU army. National societies aren’t ready yet for a such threshold unification, but introduction of EU Special Forces as a Federal Organization could be more doable issue, is it?

I would gladly pay taxes to the EU if it is used for defence and border controle purposes!

About half a dozen EU States spend public funds of the other states, off the EU budget or any national budget, at large, unlimited scale with lower rates than their domestic creditors would request. They issue state debt and swap it into fresh money from the ECB. Furthermore importers in those states borrow money from the ECB to pay services and products of suppliers based in other Euro states. They get that credited free of interest and unlimited via the ECBs T2 cash balance system. By way of liquidating bonds and private credits, these States and private entities generate inflation and purchase products and services at a scale of several € 100 B each year, without having to pay taxes or parliamentary vote. For that reason, The EU made simple´s comparison with the US is misleading, as a US state is solely responsible to service its debt. It cannot expect the US Fed to purchase its bonds like Greece, Italy, Spain, Portugal and France have done for more than a decade.

We need to find ways to solve our fertility crisis without relying on immigration. This has to be done in a way not harming women's quality of life. Smart solutions.

When will Turkey join the EU?

Why is it member states no sovereign nations ?? It’s so corrupt

How about simply a federalism referendum? The countries that decide so, would merge, the ones that don't, would merge later, when the decide so.

I love EU, but it was very "not simple", now you made EU actually simple :D

one side-effect of a transaction tax is that regular people go back to using cash to avoid it, which is contrary to our efforts to promote digital payments. when you list pros you should also list cons imho, otherwise its just propaganda.

The issue is that USA is a country and the EU is a political union. Has there been any polling asking if EU citizens want to give away their national financial powers to the EU? If so the EU would need to be far more democratic than it is now. Who said "No taxation without representation"?

Dear all, we suggest this contribute in ENG by Mario Draghi, the former Prime Minister of Italy amd President of European Central Bank ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-epV7tfhNzDc.html. In this lecture Draghi calls for a Treaty Reform and the start it has to be the creation of a Common Fiscal Power to save euro area.

There will never be an eu army

I like how Hungary was the red x xD

Brexit already prevented the next brexit And we really need a Federal Europe

Besides, this whole financial union would favor France, Germany and the Benelux countries. Countries that have their own currency would be dependent on the decision of Burksela. The whole EU makes no sense if France, Germany and Brussels do not share power

I'm all for it personally. Ultimately something has to break as one of the biggest problems with the EU is that it got stuck half way between federalizing and not in the early 2000s because of 11th hour revolt by some nationalists against things like EU constitution and proper, deep unification. But the current system is unsustainable in the long run. Therefore, a full fiscal union is needed in the economic space and the monopoly of the nation states on the EU institutions needs to be broken in the political space. By that I mean that, as the EU is currently designed, nation-states provide the only way to ascend up the the hierarchy and deal with the EU, what EU needs is nation-state agnostic ladder that is open to all EU citizens to serve the EU as a whole and not to serve in the EU as a representative of their specific nation-state.

So who are you ?????

1:45 "At the end of the video we will share our opinion on the fiscal union of the EU." Oh, the suspense... What could it be I wonder? 1:51 "Our opinion is the opinion of EU federalists." I see. 🙂

There is one problem - that'll not replace current taxes. You'd advertise to ADD taxation.

They should have an EU wide referendum to see if the citizens want this direction of travel,

A fiscal union seems logical long term, but realistic in the shorter term is the second option, giving more powers to the European Parliament, something that needs treaty change, but that's going to be needed before the EU can expand with new countries, so reforms on the veto rules can be done, so big treaty change is needed and it's needed over the next 5 to 10 years, maybe sooner. Another reason why the second option is a better option is because it's seen as more democratic in the public eye, which goes a long way in gaining support for the EU project. In any event, treaty change is urgently needed, regardless of what form the EU takes, the EU needs to become more streamlined, the veto rules need to go or need to be reformed before any new country can join the union, I also think reforms to the EU Commission and President is needed, maybe merging the two and having it directly elected. The EU is on a wave of support thanks to Covid, Brexit and the war in Ukraine, but don't expect that support to stay unless real reforms are done, because the reality is, the last 10+ years, we've had very little change in how the institutions works, no treaty change or anything, and clearly change is needed. I also think the EU and its members need to find a way to kick Hungary out of the EU, personally, I think Hungary are a lost cause and needs booting out, Poland on the other hand could be saved, but the EU needs to get a lot tougher in this area, like the European Parliament wants, because it's showing weakness, which allows countries like Hungary and Poland to break the rules, if the EU doesn't get its act together in those areas, other EU members might feel they can break the rules and it doesn't matter, then the EU would have a far bigger problem, a big part of this problem is because of the EU Commission not getting tough enough like the European Parliament wants, probably another reason why a power shift towards the Parliament is a good idea, they seem more Intune with public thinking then the Commission is which seems quite distant from the public. Anyway, just watched the video, looks like he came to the same conclusion as me, fiscal union long term as that would save a lot of resources that could be better spent, but with the second option of more powers towards the European Parliament, which is achievable over the next 5-10 years, either way, treaty change is going to be needed to solve that problem as well as others.

Sounds good doesn't work. Numerous countries come to mind where evading taxes is a public sport and broadly socially accepted with no one enforcing the laws. Disciplined countries with high tax morale will pay for the lazy rest. This is where it falls. 0% chance I am making my cross for any party promoting this.

NEXIT.......asap.......

Should not proceed to fiscal union until accountability of MEPs and comissioners is guaranteed like in any other democratic country.

So it just means paying extra tax for the citizens, because the EU parliament votes for this. So MEP of other countries could force me to pay taxes, although there is no democratic majority for this in my own country? I do not think so. In the EU parliament there should be a double majority. A majority in the parliament and a majority of the MEP of a country. A such socialist could not get their ideas pushed through when there is no majority in every country.

EU really is just abusive husband convinced his wife trying to get away is a wrong decision for her and should be fixed by him having more control over her finances.

The only thing that makes sense is an eu income tax but asking already heavily tax'd citizens to pay more is funny 🤣 maybe a just a buisness/corporate tax?

All European countries should become part of the Dutch Kingdom; problem solved.

I am very pleased that we left the European Union.

How dare you Sir use our BBC IPlayer, I thought we left the EU ;-)

A fiscal union would be a awful idea. I would vote in my country immediately out of the EU. I live in the Netherlands. The EU would take my money and give it to a country like Hungary or Poland. Also low tax countries like Italy who devalue the Euro. Even countries like Spain who go over budget. This already happens. I'm fine with a small amount, but let's not make this worse. It's bad enough countries like Poland, Italy and Hungary get my money. I like the idea of a European army though. We could do that by giving 2.0% of GDP though, not like this.

LOL, 100% censorship of dissent on this EU channel. If that symbolizes the EU's future, that's not good.

You are saying that more taxes for people doesn't give them more tax burdens?

हजुरहरू सबैलाई धेरै नमस्कार छ 😅❤

I'd like to ask something personal. Would you die for that flag behind you?

Shame that this wasn't presented pre June 2016 🗳️ to help 🇬🇧 voters understand more clearly how the 🇪🇺 functions 🤔

Fiscal union (l)

The Single EU Army would end up with a Single EU arms Industry controlled exclusively by the EU, no longer could an EU member State fight its own Battles/War

If the EU should be able to get their own taxes, it should NOT be from the citizens, but rather a trade tax of some sort. Also, your videos tend to ignore that most EU citizens like their national identity and don't want to give it up. I'd like to see a more nuanced view.

Fiscal Union 101: How to stop Hungarian Cleptocratic Terrorist Blackmail.

I think Brexit itself prevented any other future Brexit