Congratulations, Pedro Sánchez has made you poorer since he governs

March 14 2025 (16:12 WET)

Pedro Sánchez, -for any reasonably objective observer the worst president of democracy since 1978 and the worst Spanish political leader since the infamous Largo Caballero, who in January 1936 proclaimed that "the working class must seize political power, convinced that democracy is incompatible with socialism"-, has not only dedicated himself to dismantling the institutional framework of our democracy, appointing as ministers pimps and other cronies at the service of practically every institution in this country. Not to mention that he is probably responsible for tens of thousands of deaths due to his mismanagement during the pandemic, encouraging people to go out on the streets on 8M of 2020, when it was already evident that there was a problem of maximum severity at a global level.

The level of citizen confidence in the news (TVE), the data (INE) and the decisions of the State (TC), have fallen practically to the level of incredulity typical of dictatorships.

Maybe all that doesn't matter to you and you are happy because "at least the right is not governing." But apart from the fact that it is an extremely childish thought and way of seeing life, there is something that is not an opinion and is unavoidable: the average Spaniard is poorer today than 6 years ago when the current president of the government began to govern.

Between 2018 and 2024, each worker has lost an average of €1,410 of real salary per year, thanks to an explosive cocktail of inflation plus a hidden increase in personal income tax due to the refusal to deflate rates, plus the increase in social security contributions in order to maintain the Ponzi scheme of pensions.

While the gross salary has increased by 22.2% in nominal terms (€6,013 per year), inflation has eaten up 89% of that increase (€5,350), so, in real terms, it has only increased by €663 (= €6,013 - €5,350).

To that increase in real terms of €663, we must subtract a fiscal blow of €2,073 on average, due to the refusal to adapt personal income tax rates to inflation and due to the effect of the increase in social security contributions.

The final result:

€6,013 (nominal salary increase) - €5,350 (inflation) - Taxes (€2,073) = -€1,410

If it costs you more to make ends meet than before, you already know where the cause is.

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