A “strong proposal” to make Italy “among the most attractive countries in Europe for young people”. This is the motivation behind the idea launched by the president of the Young Entrepreneurs of Confindustria, Maria Anghileri, during the conference organized in Rapallo. “It’s a concrete proposal: up to one thousand euros more per month in the first year of work for an under 35. One thousand euros that change lives. The mechanism is a decreasing Irpef exemption over five years, up to 50 thousand euros of income: from 100% in the first year to 20% in the fifth,” she stated. According to Anghileri, “it serves to provide an impetus, not to replace the structural reforms that this country must undertake for young people.”
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“Remove system inefficiencies from businesses and workers”
For the leader of industrialists under 40, “the burden of system inefficiencies – taxes, bureaucracy, and energy costs – must be removed from the shoulders of small, medium, and large businesses, so that they can free up space to further increase investments, innovation, productivity, and therefore wages. The State must remove the yoke it has placed on our backs, on us and our employees – she stated –. Continuing to use businesses and employees as a mine from which to extract 80% of tax revenue is unjustifiable.”
“Step forward with the May Day decree but it’s not enough”
Anghileri argued that with the May Day decree, an “important step forward was made by choosing the path of fair wages,” but this is not enough to win the talent race across Europe. “The only way is competitive wages,” she observed. “I believe it is clear, by now, that the country is not working – she argued –. That young people are angry. They are stuck. We are the most indebted country in Europe despite the Government’s prudence on public accounts, which we fully acknowledge. It’s not working because we are not growing.”
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“The Irpef cut would not be a cost, but an investment”
The leader of young entrepreneurs said she was aware that the Irpef cut for under 35s could have “an economic impact,” but stated that this expense cannot be considered a cost, but is instead “an investment for the future,” recalling how priority has so far been given to older generations: “the advances of the Fornero law still cost 35 billion,” she concluded. And again: “out of over 1,100 billion in public spending, only 99 billion were allocated to education, research and development; 33 to supporting young families and birth rates. In total, 132 billion. On the other hand, almost 400 billion were absorbed by social security and welfare spending.” Anghileri’s proposal also includes “a Future Index: a public instrument, stable in its metrics and updated annually, which measures not how much we invest, we already know that, but what effects the resources, incentives, and regulations we allocate to birth rates, education, innovation, and young people produce. Our Future Supply Chain.”
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