World need to change political and tax system to recover from ecomomic disaster

Online, June 28, 2010 (Newswire.com) - The weak economy worldwide, weak currency, and unemployment are symptoms, not the underlying problems, and can't be solved by any administration band aid jobs programs, more spending and more taxes. Said Sahit Muja the President & CEO of Albanian Minerals

Mr Sahit Muja said "The worldwide special interest government's policies heavily favor transfer payments and war expenditures, within an economy's generally anchored by low paying service jobs, consumer credit, an unregulated banking industry and inflated housing prices.

The symptoms of the worlds economy are undeniable, plain to see, a economy increasingly dependent on massive deficits, foreign dependency's, and an inflationary money supply"

Mr Sahit Muja said "The world's economy will definitely improve if the government's encourages successful businesses rather than punishing them with more taxes. The economy will improve if the government's stop spending trillions of dollars that we don't have and balance the budget.

The world must be led and managed by a leader's who really understands the economy. Bailouts for private companies usually mean that failing companies receive taxpayer money, while their more successful competitors do not".

" Does that make any sense? In the real world, investors seek to put their money where it is most valuable; that is, in companies that succeed, not those that fail. In the alternate world of government bailouts in which lawmakers spend taxpayer money rather than their own, failure is rewarded and success is punished. World need a new tax system a 10 percent flat tax like in Albania".

The Albanian economy has done very well under Prime Minister Sali Berisha, and government policy has been key. These economic gains are a big part of the reason he win re-election in 2009. Billions of dollars are currently being invested in all sectors".

Albania announced that there was a 42 percent increase in the number of tourists in 2009.

The Albanian economy had the best growth in Europe last year, and this trend is expected to continue this year as well. Foreign investments in Albania have increased 59 percent in 2009

The Albanian government under Prime Minister Berisha, has created an excellent environment to attract investors to Albania. Special emphasis was paid on constructions of roads and improving infrastructure. The efforts on improving the legal system to protect investors also proved significant. Also that many Western European companies have chosen to escape the high taxes in Europe by investing in Albania as the latter offers the best tax system in Europe with a 10 percent flat tax".

Mr Sahit Muja said "Government spending is like throwing gasoline on the smoldering fire. The only thing it can do is make it worse. The damage is done and it will take time to rebuild. Fix the specific things that lead to the damage occurring. Then adopt the same financial approach that a family would take after their house has burned down and they didn't have insurance.

You don't run up the credit card bill any more than absolutely necessary and you cut all extravagances from your life. Otherwise, it will take you a lot longer to recover from the financial disaster".

"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving.The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it".

Mr Sahit Muja said "World have so much wealth in human and natural resources, food, water, energy, forests, oil, natural gas, gold, metals, cooper, aluminum, iron ore, chrome ore. World have everything we need to have a prosper live for any human in this planet.

Why world is so poor? why big economies like Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom and the United States of America don't help the world.

More than 840 million people in the world are malnourished-799 million of them are from the developing world. More than 153 million of them are under the age of 5.
6 million children under the age of 5 die every year as a result of hunger. Of the 6.2 billion people in today's world, 1.2 billion live on less than $1 per day".
Sahit Muja
Albanian Minerals
www.albanianminerals.com