a 4% increase in taxes, even if it's through reducing tax evasion, will have a similar effect as a 4% reduction in spending.
Except that it would mean more services in tact for society, less lamborghinis for rich guys. Are you suggesting a lamborghini for a rich guy is the same as health care for kids?
There are things about the Greek system that were ridiculous and had to change; a retirement age of 53 on 80% of your wage for one, and you're probably right, there wasn't the political will to get rid of the corruption in the system. Maybe with austerity there will be. The Greeks need to clean up their house, no doubt, but austerity is not a way of fixing your economy, even if it may fix your political system. But it's that whole shock doctrine thing, I doubt that the solutions will end up being better than the problem.
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Date: 16/11/12 21:51 (UTC)Except that it would mean more services in tact for society, less lamborghinis for rich guys. Are you suggesting a lamborghini for a rich guy is the same as health care for kids?
There are things about the Greek system that were ridiculous and had to change; a retirement age of 53 on 80% of your wage for one, and you're probably right, there wasn't the political will to get rid of the corruption in the system. Maybe with austerity there will be. The Greeks need to clean up their house, no doubt, but austerity is not a way of fixing your economy, even if it may fix your political system. But it's that whole shock doctrine thing, I doubt that the solutions will end up being better than the problem.