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Giorgia Meloni non conosce la sua nuova legge elettorale

Il fact-checking de lavoce.info passa al setaccio le dichiarazioni di politici, imprenditori e sindacalisti per stabilire, con numeri e fatti, se hanno detto il vero o il falso. Ancora una volta tocca alla Presidente del Consiglio Giorgia Meloni: lo sa come funziona la nuova legge elettorale appena votata dal Parlamento?

L'articolo Giorgia Meloni non conosce la sua nuova legge elettorale proviene da Lavoce.info.

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Trump Accounts and the privatization of citizenship

Satire, however over-the-top, never quite measures up to reality.

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A thought experiment

Imagine that Giorgia Meloni, as Prime Minister, launches an app for newborns through which the government credits 1,000 euros to each child. She does so in an official capacity, via a government website and under a specific name: “Conto Giorgia.” Suppose the campaign promises parents that this capital will grow based on the historical performance of the FTSE MIB – the former MIB30 – provided they invest it on the stock market. Suppose the money comes largely from Italian taxpayers’ money and that the initiative has the blessing of a public statement signed by the nation’s capitalist elite: the Del Vecchio heirs, Marina Berlusconi, Giovanni Ferrero, Francesco Gaetano Caltagirone, and company. Such an initiative would raise an institutional issue even before a political one. Article 97 of the Constitution requires the public administration to act with due diligence and impartiality, and placing a personal brand on newborns’ savings is at odds with both.

In the United States, this is not just a hypothetical scenario. The Trump Accounts, accessible at trumpaccounts.gov, have been operational since July 4, 2026 – a date chosen to mark the 250th anniversary of the Declaration of Independence. They were established by the One Big Beautiful Bill Act, signed by Donald Trump in the summer of 2025: tax-advantaged savings accounts governed by Section 530A of the federal tax code. The Treasury makes an initial contribution of $1,000 for children born during the pilot program period, from 2025 to 2028, and anyone else can add money: parents, relatives, employers, states, and private individuals. By default, the funds are invested in a State Street index fund, the SPDR S&P 500 ETF; among the alternatives that can be selected at a later date, the Treasury has included funds from BlackRock and Vanguard.

The launch followed the ritual one might expect. From the Oval Office, Trump rang the opening bell for the NYSE and Nasdaq, flanked by Michael and Susan Dell, who pledged $6.25 billion: $250 each into the accounts of 25 million children under the age of ten living in areas where the median income does not exceed $150,000. The president joked that those present “aren’t doing this for that reason,” and invited everyone to buy a Dell computer. BlackRock, State Street, Visa, and Mastercard had already joined the summit organized by the Treasury, alongside Dell Technologies and the Dells; the underlying idea is attributed to financier Brad Gerstner. The $1,000 in public funds serves as the initial capital to open the account, while the private funds carry less weight than the scene surrounding them.

What’s the problem?

It’s important to distinguish between what is documented and what is interpretation. The name is documented: the sitting president lends his last name to a government product, hosted on a government domain. There are precedents for policies named after individuals, such as the Roth IRA, named after Senator William Roth, but in that case the person was a lawmaker and the name remained a colloquial label, whereas “Obamacare” began as a controversial acronym and was only later adopted. Here, the name is official. Citizens receive the benefit from a man, not from a law, and with three weeks to go before the November 3 midterm elections, the effect of this personalization is far from neutral.

The chain of interests is also well documented. BlackRock, State Street, and Vanguard manage the funds from which families will have to choose; Visa and Mastercard thrive on payment flows. That they derive a commercial advantage from this is an inference and should be treated as such. The fact remains that their brands appear alongside that of the government in the promotion, and that every dollar deposited into the accounts becomes assets under management. The Treasury, for its part, makes no secret of its ambition: Scott Bessent described the measure as the “greatest merger in history between Main Street and Wall Street,” within a framework – Parallel Prosperity – in which the two grow together.

Then there is the risk, which shifts from the government to families. One thousand dollars left for eighteen years at a nominal annual return of 7% – a theoretical scenario, not a forecast – grows to about $3,400. A useful sum, but one that does not constitute a safety net. The outcome will depend on market conditions in the year the child comes of age, and the family – not the one who made the promise – will bear the responsibility. A promise based on an index’s past performance sells confidence, yet past performance guarantees nothing.

The strongest objection must be taken seriously. The Treasury presents these accounts as a way to make the American Dream accessible to every citizen, and the idea of providing every child with a starting capital is defensible: stock ownership is concentrated among already affluent families, and an account opened at birth brings even those who would never have entered the market into it. This demonstrates that starting capital is a legitimate concept. It does not prove that it must bear the president’s name, nor that the sponsors can be the same as the fund managers, nor that stock capital can replace the guarantees that a welfare state should offer regardless of market conditions.

The Corpse

What remains is the political judgment, which is mine and not based on the facts. When the state links its authority to the name of a single man, entrusts promotion to those who manage savings, and promises newborns a future through the stock market, democracy recedes into the background and ceases to be the guiding principle. To speak of desecrating a corpse is a harsh turn of phrase, but it gets the point across: democratic rhetoric continues to circulate while its bulwarks – the impersonality of institutions and the separation between public and private interests – are being dismantled one by one. Those who exported it for decades through a series of interventions, it seems, left little of it at home.

On a friend’s recommendation, last night I watched Digger, a dystopian and grotesque film starring Goodman and Cruise. You leave the theater with the same impression: the satire, however over-the-top, never quite measures up to reality, and not even two excellent actors can push beyond a caricature that has since become everyday news.

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Brussels Rejects Italy and Greece’s Demands for Further Energy Budget Relief

The European Commission has rejected demands from Italy and Greece for additional exemptions from EU spending rules as the Middle East energy crisis drives inflation higher, exposing renewed divisions over how much financial assistance European governments can provide.

The European Commission has rejected requests from Italy and Greece for greater freedom to increase public spending in response to the energy crisis, resisting pressure from two member states that argue existing budget restrictions are limiting their ability to protect households and businesses.

The decision, confirmed on 8 October, follows renewed appeals from Italian Prime Minister Giorgia Meloni and Greek Prime Minister Kyriakos Mitsotakis for measures recognising the exceptional financial burden imposed by higher energy prices.

Meloni wants Brussels to take greater account of unexpected inflation when assessing national budgets and to permit additional tax revenue generated by rising prices to be used for energy relief. Mitsotakis has sought the exclusion of temporary support measures for consumers and businesses from the expenditure limits agreed under the EU’s fiscal framework.

Economic Commissioner Valdis Dombrovskis rejected the argument for further concessions, maintaining that the existing arrangements already take inflation into account and provide mechanisms for responding to exceptional circumstances.

The disagreement comes as Europe’s governments confront the economic consequences of the Middle East conflict, including higher fuel costs, inflationary pressures and increased demands for state intervention.

Italy’s increasingly difficult budget choices

For Italy, the dispute adds to a fiscal problem that has been developing throughout the year.

The government expects its budget deficit to rise to 3.4 per cent of GDP in 2027, reversing an earlier objective of reducing borrowing below the EU’s three per cent reference value.

As EU Today reported earlier this month, Rome plans to use additional fiscal room for defence and energy-related expenditure, while public debt is projected to remain close to 138 per cent of GDP.

The new request concerns the treatment of inflation and the financial support required to offset its effects.

Energy inflation creates an unusual budgetary problem. Governments can receive additional nominal tax revenue as prices rise, particularly through consumption taxes, while simultaneously facing public pressure to compensate consumers for higher living costs.

Meloni argues that such unexpected revenue should be available for targeted assistance without forcing equivalent reductions elsewhere in national expenditure.

Brussels is reluctant to accept arrangements that could turn temporary increases in tax receipts into an opportunity for permanent spending expansion.

Italy’s position also reflects the political competition between defence spending and domestic economic support. Rome has accepted the need for higher military expenditure but faces immediate pressure from households and energy-intensive industries.

That competition was already apparent when the government chose to prioritise energy relief over the full use of defence-spending flexibility.

Greece seeks different treatment for emergency support

Greece’s request is more narrowly focused on the treatment of temporary assistance under the EU’s expenditure rules.

Athens argues that measures intended to help businesses and households manage exceptional energy costs should not be counted against the normal spending limits.

The Greek government faces an economic environment in which higher imported energy prices threaten household purchasing power and business profitability, particularly in sectors dependent on transport and fuel.

Excluding temporary relief from expenditure calculations would give Athens additional room to intervene without breaching its agreed fiscal trajectory.

The Commission, however, has resisted establishing further exemptions beyond those already provided in the fiscal framework.

Its objection is institutional as well as financial. If additional categories of emergency expenditure are repeatedly excluded from fiscal calculations, the system becomes increasingly difficult to enforce consistently across the Union.

The limits of Europe’s reformed fiscal rules

The EU revised its fiscal governance framework in 2024, introducing nationally agreed expenditure paths intended to provide greater flexibility while maintaining sustainable public finances.

The Commission’s rules on exceptional circumstances permit member states to depart temporarily from normal requirements under specified conditions.

Those provisions have already been used to accommodate higher defence expenditure, while the Commission has also issued guidance on their application to energy-security investments.

Temporary financial assistance intended to reduce household energy bills, however, is not necessarily treated in the same way as investment in infrastructure that reduces Europe’s long-term dependence on imported fuel.

That distinction has become a source of friction between Brussels and national capitals.

Governments argue that the immediate economic effects of an international crisis require exceptional measures. The Commission is concerned that repeated concessions could weaken the credibility of the spending framework.

A wider dispute over Europe’s economic response

The Commission’s decision also comes as France faces increasing pressure over its debt and budget deficit.

The deterioration in French borrowing conditions has reinforced concerns about the risks associated with heavily indebted governments continuing to expand expenditure.

France, Italy and Greece have different fiscal positions, but the problems confronting them originate partly in the same combination of expensive energy, weak economic growth and competing spending commitments.

The dispute will now feed into preparations for the European Council meeting on 15–16 October, where energy prices and economic competitiveness are prominent agenda items.

EU leaders are expected to consider targeted and temporary measures to reduce the burden on businesses and consumers, alongside longer-term initiatives intended to reduce dependence on fossil fuels.

The Commission’s refusal to provide Italy and Greece with further fiscal exemptions establishes the limits within which those discussions will take place.

National governments remain free to introduce assistance, but Brussels is insisting that they account for its cost within the fiscal rules already agreed.

For Rome and Athens, the question is whether those rules provide sufficient room to respond to an energy crisis whose duration remains uncertain.

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Torna a crescere il lavoro nero, nonostante il Pnrr

Il Pnrr delle origini prevedeva una clausola per far scendere di due punti la percentuale di lavoratori non regolari. Il governo Meloni ha rinunciato all’obiettivo. E infatti il lavoro nero ha ripreso a crescere, proprio nei settori dove già era alto.

L'articolo Torna a crescere il lavoro nero, nonostante il Pnrr proviene da Lavoce.info.

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L’infinita ricerca del maggioritario italiano

Il Parlamento vota una nuova legge elettorale, a turno unico con premio di maggioranza alla coalizione che vince le elezioni con almeno il 42 per cento dei voti in entrambe le Camere. Un altro maggioritario che non limita il numero dei partiti.

L'articolo L’infinita ricerca del maggioritario italiano proviene da Lavoce.info.

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Come si è arrivati al 3,1 per cento

Sul 3,1 per cento di deficit confermato dall’Istat si è alzato un polverone. A parte il fatto che il vincolo del 3 per cento non è più così stringente, Pil ed entrate sono aumentati. Sono le previsioni sbagliate sulla spesa ad aver determinato il risultato.

L'articolo Come si è arrivati al 3,1 per cento proviene da Lavoce.info.

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Bollo auto: abolirlo o riformarlo?

Negli annunci del governo la cancellazione parziale della tassa automobilistica è stata giustificata da una duplice finalità: compensare gli aumenti dei carburanti e abolire una tassa “odiata”. In entrambi i casi la scelta si scontra con alcune criticità.

L'articolo Bollo auto: abolirlo o riformarlo? proviene da Lavoce.info.

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Via il bollo: un rimborso per il caro carburanti?

L’esenzione dal pagamento del bollo di circolazione può compensare temporaneamente il caro carburanti senza passare dal prezzo alla pompa. Ma favorisce chi usa poco l’auto. E le economie sul Pnrr, ancora da accertare, possono coprire un solo anno.

L'articolo Via il bollo: un rimborso per il caro carburanti? proviene da Lavoce.info.

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Crisi migratoria di Ceuta: cronaca di una tempesta in un bicchiere d’acqua

Il nostro governo ha sospeso il sistema Schengen sugli arrivi dalla Spagna dopo i fatti di Ceuta. Una decisione che solleva dubbi di legittimità. Perché il provvedimento non sembra né necessario né proporzionato rispetto alla minaccia individuata.

L'articolo Crisi migratoria di Ceuta: cronaca di una tempesta in un bicchiere d’acqua proviene da Lavoce.info.

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