Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Almost every American pays taxes, but 47% don't pay income tax.
In Greece, literally 90% of the population pays 0 taxes, even sales tax.
Such BS...Greece has VAT Tax on top of other taxes that penalize everyone. Maybe people should learn a little about other countries before they throw stones.
Such BS...Greece has VAT Tax on top of other taxes that penalize everyone. Maybe people should learn a little about other countries before they throw stones.
Yes, they have a VAT and an income tax, but income tax only on private labor, not public works.
They also have a fee for every little thing you wish to do. They call it a duty tax.
The workers at the electric companies do not like the idea of being privatized so they cut power. The public workers DO NOT want to be privatized.
Folks need to follow what is going on here.
Power cuts hit Greece as protests grow - Yahoo! Finance (http://finance.yahoo.com/news/Power-cuts-hit-Greece-as-apf-386729946.html?x=0 - broken link)
"Greece was hit by rolling blackouts Monday as employees at the main power utility began 48-hour rolling strikes to protest the company's privatization, part of austerity plans needed to avoid a national debt default."
Look for some private sector people to tar and feather all the public workers who did this.
In the end, socialism (great society programs) all fail because they run out of OTHER people's money and we are at this point IMO globally.
People, the situation in Greece is nothing like the situation in America or even most of Europe for that matter. For one, Greece was never very economically strong at all (same goes for Portugal) and for two Greece gave up the ability to devalue its own currency to enter the Eurozone, which factors heavily into how creditors look at them and is something America has not and never will do. Now there's no way they can pay back all the loans they got from banks which knew they could never pay it back anyway. Greece gives generous benefits without enough revenue to pay for it and at any rate the tax evasion there is awful compared to here. On top of it all their public sector is bloated. Then there's the history of bad governance, some of it propped up by the US.
The situation in Greece is in no way an analogy for the situation in America. People who clam it is are doing so based on superficialities.
People, the situation in Greece is nothing like the situation in America or even most of Europe for that matter. For one, Greece was never very economically strong at all (same goes for Portugal) and for two Greece gave up the ability to devalue its own currency to enter the Eurozone, which factors heavily into how creditors look at them and is something America has not and never will do. Now there's no way they can pay back all the loans they got from banks which knew they could never pay it back anyway. Greece gives generous benefits without enough revenue to pay for it and at any rate the tax evasion there is awful compared to here. On top of it all their public sector is bloated. Then there's the history of bad governance, some of it propped up by the US.
The situation in Greece is in no way an analogy for the situation in America. People who clam it is are doing so based on superficialities.
You are right. But Greece defaulting WILL have a global impact.
It was the US that triggered the global depression in the 30's.
Exactly. And unless the United States comes up with a FAIR tax structure; flat tax, etc. We will emulate Greece.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
