Bulgaria’s Budget U-Turn Exposes the Dangers of Overreaching Tax Policies

When tens of thousands of Bulgarians took to the streets in defiant protest against their government's proposed budget, it was not just a local drama—it was a clear alarm about the risks governments face when they ignore the economic realities of hardworking citizens. Bulgaria’s plan to raise taxes and increase social security contributions under the guise of preparing for eurozone membership sparked widespread outrage, clashing with the essential principles of economic liberty and national sovereignty that protect prosperity. Why Are Bulgarian Citizens Saying No to Higher Taxes? The government’s controversial budget aimed to fund increased spending through higher taxes on...