On Jun 16, 5:43*am, "PJ O'D" wrote:
On Jun 15, 3:57*pm, Bill wrote:
It is the Socialists that spent all the money Greece had....
Nope.
It was Greeks not paying their taxes.
In a *country where there are 100,000 Porsche 911's there are less than
50,000 people who pay enough tax to have an income adequate to run
one...
--
William Black
Merely Laffer's curve inherent in the philosophy of supply side
economics vindicated once again.
The more this thing called government attempts to 'soak the rich' with
confiscatory income tax rates, more and more of that smart money will
always find legal or undetectable illegal *schemes for avoidance. That
smart money is by nature always smarter and *one step ahead of the
government bureaucrat attempting to enforce the confiscatory taxation
schemes of this thing called government
Socialists delude themselves into thinking of government deficits
solely in terms of the revenue side and never in terms of the spending
side. They live in a fantasy world considering the source of
government revenue iinfinite and delude themselves into *assuming
somewhere, someplace there are always people available to steal more
revenue from .
the laughter curve, oh dear, its been debunked so many times, today
its called pee'ed on economics
)))