He really only gave two arguments. One, that it is easier to implement, and two, that it spread the burden to foreigners.
I don't actually think this is easier to implement. Perhaps faster. In the long run, however, this is the hard way to go.
As to spreading the burden to foreigners, that's only a good thing if you're not a foreigner and you don't plan on doing business with foreigners in Cyprus.
If you are a wealthy man who has his fortune elsewhere, this is still not a good plan, because there is potential for personal repercussions.
Comments
He really only gave two arguments. One, that it is easier to implement, and two, that it spread the burden to foreigners.
I don't actually think this is easier to implement. Perhaps faster. In the long run, however, this is the hard way to go.
As to spreading the burden to foreigners, that's only a good thing if you're not a foreigner and you don't plan on doing business with foreigners in Cyprus.
If you are a wealthy man who has his fortune elsewhere, this is still not a good plan, because there is potential for personal repercussions.