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3 years ago  ::  Apr 08, 2012 - 9:28PM #1
hamerhas
Posts: 1,084

Why are not the Greek, Italian, and Spanish governments currently on the brink of economic collapse demanding that the wealthiest among them finally pay their "fair share" in taxes?

In all the reports of these countries economic implosions I have not once heard of the "rich", being forced to pay their fair share?

Are the rich off limits in collapsing european economies?


www.fundweb.co.uk/fund-strategy/issues/9...


www.bloomberg.com/news/2012-04-09/spain-...


www.tnr.com/blog/timothy-noah/102447/bac...


www.canadianbusiness.com/article/74978--...


www.bradenton.com/2012/04/06/3986150/joh...


seekingalpha.com/article/470171-all-spai...        

Moderated by Merope on Apr 09, 2012 - 12:57PM
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3 years ago  ::  Apr 08, 2012 - 9:42PM #2
farragut
Posts: 4,049

A quick glance at available public information suggests that Greek tax rates are quite competitive with any such liberal republic, other than their exemption of shipping profits. How much do you think that they ought to be increased?

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3 years ago  ::  Apr 08, 2012 - 10:12PM #3
mountain_man
Posts: 39,795

Apr 8, 2012 -- 9:28PM, hamerhas wrote:

Why are not the Greek , Italian , and Spanish  governments currently on the brink of economic collapse demanding that  the wealthiest among them finally pay their "fair share" in taxes ?


Uh... the Greek economy is in collapse. Italy isn't doing all that great.


In all the reports of these countries economic implosionsI have not once heard of the "rich" , being forced to pay their fair share? Are the rich off limits in collapsing european economies?


That's because there, as here, the rich run things. Greece is cutting way back on expenses instead of increasing making the rich pay their fair share. Watch what happens in Greece because of that; their economy will shrink drastically. It need serious cash inflow from outside and when that stops; their economy will collapse. That's not my prediction, it's history repeating itself.

Dave - Just a Man in the Mountains.

I am a Humanist. I believe in a rational philosophy of life, informed by science, inspired by art, and motivated by a desire to do good for its own sake and not by an expectation of a reward or fear of punishment in an afterlife.
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3 years ago  ::  Apr 08, 2012 - 10:45PM #4
Ironhold
Posts: 11,556

The big problem with Italy isn't so much the rich not paying their fair share as it is rampant tax evasion; Italy's love of paying for everything in cash has enabled an incredible number of companies to skirt the various taxes in place because there's no record of the transactions ever happening.


In response, the Italian government has passed a law prohibiting cash payments greater than a specific amount; the idea is to force consumers and businesses towards checks and plastic, which leaves a paper trail that can be taxed.

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3 years ago  ::  Apr 09, 2012 - 1:45AM #5
Ebon
Posts: 10,148

The rich run the show in much of Europe as well as the USA. This surely cannot be news.

He who oppresses the poor shows contempt for their Maker, but whoever is kind to the needy honors God. ~ Proverbs 14:31

Fiat justitia, ruat caelum

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3 years ago  ::  Apr 09, 2012 - 6:27AM #6
BDboy
Posts: 5,891

Apr 8, 2012 -- 9:28PM, hamerhas wrote:

Why are not the Greek, Italian, and Spanish  governments currently on the brink of economic collapse demanding that the wealthiest among them finally pay their "fair share" in taxes?


In all the reports of these countries economic implosionsI have not once heard of the "rich", being forced to pay their fair share?


Are the rich off limits in collapsing european economies?


Guess most Euro nations have the "Rich" paying high taxes already. As Ebon said, rich people do have more control of media and governments. So they protect them in return.


In the US, rich does not even want to pay what they were paying under Clinton. They were given a break after 9-11 (Guess who made money after it beside Cheney?) and they love to make that permanent. Guess that is the "Concern" they have.


Last time I checked, during president Clinton budget was supported by revenue and there was surplus!!


The biggest concern of the country was "Monica" not jobs or economy!! :-)


 


Good old days.....

Moderated by Merope on Apr 09, 2012 - 12:56PM
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3 years ago  ::  Apr 09, 2012 - 8:44PM #7
hamerhas
Posts: 1,084

Apr 8, 2012 -- 9:42PM, farragut wrote:


A quick glance at available public information suggests that Greek tax rates are quite competitive with any such liberal republic, other than their exemption of shipping profits. How much do you think that they ought to be increased?




With the Greek poor, & middle class are being slammed with austerity cuts ,


but the rich greeks are doing just fine , is not the obvious solution for openers to raise taxes


on the rich Greeks ?


This ain't brain surgery .


Why with the Greek economy going over the cliff has not a sylable of the rich , fat & happy


Greeks been mentioned


 

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3 years ago  ::  Apr 09, 2012 - 9:08PM #8
farragut
Posts: 4,049

What rates do you suggest? 100%

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3 years ago  ::  Apr 09, 2012 - 9:31PM #9
Erey
Posts: 18,951

I know that in Greece you don't have to pay taxes if your salary is something like 20K or less. 


sooooo,,,,,,,,   hardly anyone has a salary above 20K (or whatever that number is).    The most prestigious plastic surgeons can't seem to make more than 20K per year in Greece.  The proprietors of the busiest, most sought after restaurants can't seem to make more than 20K.  Hardly anyone makes more than 20K a year because everyone pays in cash under the table. 


So Greece would probably just want to start enforcing their tax codes. 

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3 years ago  ::  Apr 10, 2012 - 9:11PM #10
hamerhas
Posts: 1,084

Apr 9, 2012 -- 9:31PM, Erey wrote:


I know that in Greece you don't have to pay taxes if your salary is something like 20K or less. 


sooooo,,,,,,,,   hardly anyone has a salary above 20K (or whatever that number is).    The most prestigious plastic surgeons can't seem to make more than 20K per year in Greece.  The proprietors of the busiest, most sought after restaurants can't seem to make more than 20K.  Hardly anyone makes more than 20K a year because everyone pays in cash under the table. 


So Greece would probably just want to start enforcing their tax codes. 




 


Not "everyone" .


If everyone did there would be no "austerity" from which to cut.


In Greece those earning over " 20K " would by definition be the "rich",  the  " 1%'s".


The question stands , why has not one word of the Greek   " 1%'s" paying their fair share that all


may have a shot at the Greek dream been mentioned ?  


 




 

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