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Friday 20.01.2017 | Name days: Aļģirds, Orests, Oļģerts, Alģis
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Olainfarm manager: Latvia is «halfway towards socialism»

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RULatvia is halfway towards socialism. The country’s political spectrum is made up of left wing politicians and populists, believes Chairman of Olainfarm Valery Maligin.

«We are halfway back to the socialism we had left in 1991. If this continues, we will end up back where we left off,» – warns the businessman.

«Let’s give all our revenue to the state. That way will be all provided with free healthcare and tickets to Bulgaria, with mediation from trade unions and political parties,» – Maligin ironically suggested.

He is very sceptical about offers coming from Latvian political parties. He admits there is basically ‘no choice’.

The businessman, who, according to what he said, has never voted in favour of Harmony. He admits that the National Alliance is closer to him in terms of politics. Nevertheless, he has never voted for that party as well. This is because the party has conservatism in many of its positions, and he finds that unsatisfactory.

«This results in virtually no choice – everyone is left-wing, everyone is a populist. Everyone supports larger expenditure and more taxes. What for? Let people work freely and society will be richer for it,» – emphasized Maligin.

He also warns that people will definitely turn to grey schemes if the state overburdens them with taxes, which has already happened in Russia, Ukraine and Belarus.

«Why make things worse if the situation is bad enough already,» – adds the businessman.

Maligin is certain that people should be given the right to choose where they wish to invest their money – pension funds, medicine, culture or sports.

He said he likes America’s model, which he considers ‘true capitalism’.

«USA’s federal taxes sustain only the Department of State, Defence Ministry and Federal Bureau of Investigations. The rest – people decide on their own what they want to support. In addition, the level of culture and sports is the highest there,» – said the businessman.

In comparison, the state decides where to put people’s taxes in Latvia, reminded Maligin, adding that ‘social-democratic ideas are only beneficial to politicians and bureaucrats’.

Ref: 103.109.109.2252


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  1. Such Fun! says:

    So true! And no political party is fighting for tax-payers money, all just keep repeating their populist mantra “state should spend more!” … on benefits, subsidies …

    And then hard working (private sector) Latvians unable to pay taxes emigrate to UK or move to the “gray zone”

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  2. Foreigner says:

    Well said, although he talks BS about US. USA has no capitalism. Top tax rate for federal taxes is almost 40%. And add that at least 40 states have taxes on top of federal taxes, and some even sales tax, you have a pretty high tax burden. In addition you have to pay healthcare which is very high due to stiff regulation.

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