Turns out, the taxi driver really didn't need to work as the gov’t was very generous each month. There really were no jobs, anyway. He only drove the taxi out of boredom. But housing was scarce, so every evening the taxi driver parked in the desert, unpacked his substantial belongings, including a radio & tv, & slept on the ground or in the taxi.
Gov’t mismanagement of the SA economy is as sure as any other country. SA is emulating a socialist economy, using gov’t largess to quell social unrest. With this formula, the gov’t must continually increase the largess to satisfy the masses. Sooner or later, the demands of the people will outstrip the gov’t ability to provide. European socialism is a prime example of this, & their financial & political future is bleak.
In Egypt, the top 20 per cent wage earners get 33 per cent of the energy subsidies, against 3.8 per cent for the poorest families. For gasoline, 93 per cent of the subsidies go to the rich.
How "rich" are the top 20% in Egypt? I'd bet that even 90% of the top 10% are middle class by American standards.
The subsidies also distort the economy by encouraging waste and holding up investment in renewable energy, the report said.
So what they want to sell them is hugely expensive Green Energy (in which the big players hold stock)! See tag line.