On Thu, 3 Sep 2015 10:12:08 AM Craig Sanders wrote:
instead, most of the "bailouts" go back to the creditors as debt installment payments, plus they inflict austerity measures on greece forcing them to destroy public services, and privatise utilties and tourism assets.
The problem here is the usual neo-liberal plan to cut services for the majority of the population to preserve tax cuts for the rich. The way it's implemented differs in that countries with effective government (such as Australia and to a lesser extent the US) have to actually cut taxes for the rich while poorly run countries like Greece just allow corruption to avoid the tax system. A land tax would be a good thing to consider for a country with serious corruption problems. People can easily hide away large sums of money if they Greece (sic) a few palms, but hiding land is much more difficult - when land tax isn't paid the land can be seized and sold. The rich people in Greece are being very stupid about this. Currently Greece is a hot-bed of right-wing extremism. If a lawful democratic government can't get enough funds to effectively manage the country then they may end up with a despot who just confiscates the propety of people who disagree with them. Greece is definitely the most likely EU country to get a neo-nazi government in the near future. -- My Main Blog http://etbe.coker.com.au/ My Documents Blog http://doc.coker.com.au/