Today's Greek Tragedy

[SAYIT]

You prefer they tax the living more rather than dead millionaires? I don't see how that is any better.

The estate tax doesn't taxing dead millionaires ... it taxes beneficiaries.

 

[Brain357]

You prefer they tax the living more rather than dead millionaires? I don't see how that is any better.

The estate tax doesn't taxing dead millionaires ... it taxes beneficiaries.

So people who didn't work for it. And people who are very rich.

Can't balance a budget with tax cuts.

 

[Brain357]

You prefer they tax the living more rather than dead millionaires? I don't see how that is any better.

The estate tax doesn't taxing dead millionaires ... it taxes beneficiaries.

So people who didn't work for it. And people who are very rich.
Can't balance a budget with tax cuts.

Fine. I just prefer you be honest with your complaints.

I think it is a crappy tax too, but it can't be eliminated till the budget is balanced. And we are far from that. Trying to get rid of it now tells me people aren't serious about balancing budget.

 

[SAYIT]

I think it is a crappy tax too, but it can't be eliminated till the budget is balanced. And we are far from that. Trying to get rid of it now tells me people aren't serious about balancing budget.

Having been both a beneficiary and an executor I can say that our gov't and the courts that rule estates treat the beneficiaries with disdain (at best).

 

[SAYIT]

Greece set to hit holidaymakers with 18% tax on hotels and restaurants (but tourism chiefs warn move is 'catastrophic')

• Tax on restaurants set to be raised from 13% to 18%
• Hotel tax will almost triple, raising fears that tourists will go elsewhere
• Britons are the largest group to holiday in the islands, with two million people visiting each year
• Warning that pre-booked holidays will end up costing the customer more to cover higher VAT

Greece set to hit holidaymakers with 18 tax on hotels and restaurants Daily Mail Online

 

[SAYIT]

So Greece made today's 750 mil Euro payment by draining its 650 mil Euro reserve acct. No shit. Now not only do they have a 1.5 bil Euro payment due in June but must also refill the reserve they drained today. That means a 2.15 bil Euro payment in 30 days and some domestic suppliers still unpaid since January.
Meanwhile Tsipras fiddles as Athens burns.

 

[SAYIT]

I know it's like beating a dead goat but there is a valuable lesson to be learned by watching Greece's self-inflicted economic collapse play out, even though it does resemble an impending train wreak. Today their socialist gov't said paying their current operating costs will be the priority (they are months behind on paying some) and their creditors - those who have been carrying Greece for a decade or more - can go pound sand. Unfortunately for the Greeks that message ends any hope of fresh bailout funding and insures their exit from the EU. Next up for Greece? Out of the pan and into the fire. Those people have no idea what is their future. WooHoo!