Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, May 10, 2011

Welcome to Greece: "Progressive" Edition

The holy-moley-debt-is-going-to-eat-us-alive crew, prominately, Zerohedge, but many others, have certainly fanned the fires, and Tea Party backed Republicans have responded.

In case anyone is interested, the main reason Greece has huge debt is that in Greece no one pays taxes.

This is pretty simple folks. If we pay as we go, we got NP.

If we don't pay taxes, we get no government services. The rich don't need services (they think -- wait 'till they start dying due to sleeping controllers at airports, etc), so, they don't want taxes.

As said, welcome to Greece.

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