Spain’s expat tax won’t last long
‘There are only two families in the world, as a grandmother of mine used to say: the haves and the have-nots.’ Sancho Panza’s line in Cervantes’ famous novel was echoed by socialist Prime Minister Pedro Sánchez on Monday when he worried that Spanish society was rapidly dividing into two classes: ‘Those who inherit properties from their parents and those who have to spend their lives working to pay the rent.’ Spain certainly has a severe housing crisis. Although the fertility rate of 1.3 children per woman is far below the 2.1 needed to maintain population, mass immigration means that every year the country needs to find homes for over half
