Greece

[cottonpicken]

I don't think anyone here wants to look in the
mirror and talk about who does and doesn't pay
tax.Everyone is aware we have one of the lowest
corporate tax rates in the world?

100% corprate and private tax in the us would still
leave them a deficit.

I don't know canadas numbers but we would be
close.

These facts are hard for some swallow,just like how
much purchasing power the
"deflation/bond/cash/fixed income"crowd has lost.

Gold moves 600% and they don't relize the train
already hit them.

[bluefargo]

CP - I can't argue with you. You've studied this stuff; I haven't.

But I think there is some fundamental differences between Greece and places like Canada for instance.
Maybe I'm naive but for the most part most citizens here pay tax. I know I do my share. We all try to minimize tax.
But as I understand it the Greeks are very adverse to paying taxes and in many cases don't especially the rich.
How they get away with it I don't know.

So you have countrys like Germany loaning money to "irresponsible" countrys like Greece who have no chance to pay it back even if they were willing to change. Sooner or later Greece and others are going to default. What happens then?