Survivalist Forum banner

The real reason of Greece's economic problems

11K views 51 replies 20 participants last post by  Watcher  
That may have been true for him but that is not always the case.

Even so if tax were wealth based the same breakdown would occur and those with more would pay more.
Sufer, I'm not following you on "wealth based". I'm not sure if you are saying the the wealthy should pay more of the tax burden or not.

When I see the top 10% pay 71% of the tax burden that would appear more of their fair share IMO!
 
But the top 20% hold more than 90% of the wealth.
They very well might, America isn't a pie where we divide it up evenly, it's based on what you accomplish!

I have a neighbor who has a million dollar house with 250 acres, horse, cattle, and every toy under the sun you could think of. I don't feel that I am entitled to a piece of his wealth or that he screwed someone to get it.
I sit here on my (1) acre with 280K home

The truth is he was smarter than me, he worked harder than I did. I admire that!

The cream does rise to the top I just wasn't apart of it!
 
Some interesting perspectives.

Greece and it's problems are no different than the rest of the world... they are just the first target to fall to keep the USD afloat. It's a race to the bottom folks. Yes, they used exotic financial instruments to hide all that debt, but so does everyone else.

As long as politicians promise the masses everything they want and use debt, rather than taxes/revenue to pay for it, the end will come. The world has run out of money to lend itself. The only reason the USA didn't hit bottom first is our ability to print the reserve currency. We are as insolvent as any nation on the planet. Kalifornia is in worse shape than Greece and a much larger economy. You'd think that would be the headline.
I would agree, our ability to "print" the money is just another "exotic" way of putting off the inevitable.

I haven't quite figured out what the end game is, Randall offered some interesting perspectives on that issue.
 
Well, Greece has a fully fledged Welfare State that it can't pay for. That isn't the situation in the USA (yet) and the situation really has nothing to do with any 'bash the evil rich' tax figures from the USA.

Basically Greece is a warning of what happens to a nation that develops the dependency mentality.
I disagree, I know you feel differently and thats...okay!
 
There goes the EViiiiiiL rich NOT paying their fair share again.

Here's how the evil rich screw us here in America:

Top 1%
$410,096
They pay 40.42% of ALL taxes

Top 5%
$160,041
They Pay 60.63% of all taxes

Top 10%
$113,018
The Pay 71.22% of all taxes

Top 25%
$66,532
They pay 86.59% of ALL taxes

Top 50%
$32,879
This WORTHLESS group get away with ONLY paying 97.11% of ALL taxes

Bottom 50%
<$32,879
Here are the movers and shakers, they pay a WHOPPING 2.89% of ALL taxes paid in America!!!

http://www.ntu.org/tax-basics/who-pays-income-taxes.html