16/03/2017 00:00
It is often said, and quite rightly so, that Majorca is a paradise island with a high standard of living and economic growth which is well above the Spanish and European average. But there are problems in paradise. An estimated 77,000 people, almost 10 per cent of the population, admit that they have problems paying their bills every month, and poverty is still a big problem on this island. The Balearic government has got the message: it is calling on industry to pass on the benefits of record economic growth to their employees.
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All those homeless on the streets all winter and all those All Inclusive hotels sat empty all winter.
As I have maintained for several years the Hoteliers " ALL INCLUSIVE " policy, is destroying the economy. Numerous Bars, Restaurants, Shops, Private Car Hire businesses are rapidly going Bankrupt and closing. This in turn causes unemployment of a "Domino Effect ". The loss of all these businesses, their suppliers, loss of Tax revenues and many self employed and employees leaving the Island, and/or living in poverty. Mallorcan authorities can not correct this situation, because The Hoteliers Control The Island. They close in Winter, everything stops. Their enormous profits and money, is being used to buy up many parts of The Island. When ?, Mallorca realises what is, and has happened, IT WILL BE TOO LATE, AND IMPOSSIBLE TO CORRECT.