When the bad financial news hit the world in 2008 Greece had a debt to GDP ratio of about 113%. That’s around where the US is right now, although with the monkey numbers all these countries use it’s hard to know how bad things really are.
Tag Archives | taxation
We trade our lives for money. We do it every day. Most jobs are just an agreement to spend a specified amount of time and educated effort in exchange for a specified amount of dollars, euros, pounds or other fiat. So at the very least you would want to believe that after you trade away […]
Occassionally we feature the story of a peaceful person who had half of his entire life’s production taken from him against his will and by force. These people are not African slaves from the nineteenth century, they are modern slaves who live next door to you today. You […]
It’s always been tough for Americans. Unlike citizens of Spain, Germany, Australia, Canada and virtually every other developed country, Americans have to pay income taxes to Uncle Sugar no matter where they live and what they do. An American can leave his country and spend the next fifty years making a living in Timbuktu and […]
I’m not talking about the bank holding the mortgage on your home. Even if you think you own your home free and clear, you really don’t own it at all. You lease it from the State and it sets the terms and conditions that allow you to occupy the house or sell it to another […]
All around the world States are gradually realizing the staggeringly obvious. They have been spending too much money for decades. Now they are running out of reserves (in the unlikely event they had any) and bumping against the limits of their credit cards. As politicians drive their economies off a cliff they look around for […]