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Greek Tax Hikes Backfire As Tax Revenues Plunge 16%
02-10-2013, 06:57 PM #1
Shadoh Incognito Anonymous
 
There was some hope that Greece, which for the past few months was desperately trying to show it has a primary surplus when in fact it was merely shoving unpaid bills under the rug, was at least getting its runaway deficit situation under control. This, despite what many sensible people pointed out was the return of nearly daily strikes, which meant zero government revenue as zero taxes could be levied on zero wages. Turns out the sensible people were again right, and the Greek and European propaganda machine has failed once more as the Greek Finance Ministry just reported that despite big tax hikes demanded as part of austerity measures by international lenders, tax revenues fell precipitously in January, with the Greek Finance Ministry reporting a 16 percent decrease from a year earlier, and a loss of 775 million euros, or $1.05 billion in one month.

http://www.zerohedge.com/news/2013-02-07...-plunge-16

chuckle.gif

02-10-2013, 07:15 PM #2
bohica Member
Posts:1,601 Threads:196 Joined:Feb 2011
The Greeks are screwed, as well as the rest of the E.U.
Within two weeks of their collapse, the US will fall.
When Amazon begins collecting sales tax on their goods, I will no longer use them. I cannot fault the Greeks for avoiding taxes, especially for what it is used.


My financial adviser is a big proponent of Zero Hedge.
At our first meeting, I explained to him that I expected the entire financial house of cards to collapse, worldwide. I stated that the only thing holding up the Dollar was peoples faith in, compared to the rest of the world's currencies.
I showed him some metals, and told him I expected the .gov to begin Nationalizing peoples assets.
He told me I was one of the few people who "get it"

There's plenty of room for all God's creatures. Right next to the mashed potatoes!
02-10-2013, 07:41 PM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
yup.gif Most of us around here have a pretty good gasp on what's getting ready to go down. It's not if, it will happen - but when.

wonder.gif
JollyRoger Show this Post
02-10-2013, 07:43 PM #4
JollyRoger Incognito Anonymous
 
(02-10-2013, 06:57 PM)Shadoh Wrote:  There was some hope that Greece, which for the past few months was desperately trying to show it has a primary surplus when in fact it was merely shoving unpaid bills under the rug, was at least getting its runaway deficit situation under control. This, despite what many sensible people pointed out was the return of nearly daily strikes, which meant zero government revenue as zero taxes could be levied on zero wages. Turns out the sensible people were again right, and the Greek and European propaganda machine has failed once more as the Greek Finance Ministry just reported that despite big tax hikes demanded as part of austerity measures by international lenders, tax revenues fell precipitously in January, with the Greek Finance Ministry reporting a 16 percent decrease from a year earlier, and a loss of 775 million euros, or $1.05 billion in one month.

http://www.zerohedge.com/news/2013-02-07...-plunge-16

chuckle.gif


LOL!

They told the Govt., "We don't trust you with our tax money. So don't raise our taxes because we won't pay them".
02-10-2013, 08:40 PM #5
Shadoh Incognito Anonymous
 
(02-10-2013, 07:15 PM)bohica Wrote:  The Greeks are screwed,
My financial adviser is a big proponent of Zero Hedge.
At our first meeting, I explained to him that I expected the entire financial house of cards to collapse, worldwide. I stated that the only thing holding up the Dollar was peoples faith in, compared to the rest of the world's currencies.
I showed him some metals, and told him I expected the .gov to begin Nationalizing peoples assets.
He told me I was one of the few people who "get it"




Yeah i know you get it, you always did. You were just crabby about it chuckle.gif

The greeks aren't screwed, they have a thriving black market that bypasses taxes all together and that is what will happen with every fiat, as long as you have tangibles, barter goods, you do jes fine.

02-10-2013, 08:58 PM #6
UniqueStranger Art in my heart
Posts:15,049 Threads:428 Joined:Jun 2012
You are so right, Shadow.




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