Greece has increased its taxes faster than any other developed economy
over the past decade. In fact, only a minority of taxpayers carries the
vast majority of the income tax burden. A new study found that 19
percent of workers pays 90 percent of income tax, and 4.5 percent of
businesses pays 83 percent of corporate tax. This means one thing: the
productive private sector is in its death throes. Most workers cannot
earn enough to pay tax, and most businesses have very low turnover.
It should tell the government that 2.2mn people still employed in the
private sector can no longer support 700K public sector workers, a
million unemployed and 3mn pensioners, plus children and other
dependents. Greek governments have for years flogged a dying horse - no
one more cruelly than Syriza. When I report on the travails of the
Greeks, I see snide remarks about how they should stop whingeing and
grow up etc. What people in better-governed societies may not realise is
that a minority of Greeks is working very hard indeed to save the
entire economy from collapse, but governments are not elected by them.
They are elected by the handout majority. We have taxation without
representation. Given demographic trends, other European societies could
eventually end up with a similar democratic deficit.
See:
http://www.ekathimerini.com/235390/article/ekathimerini/business/greek-tax-increases-top-oecd-chart?fbclid=IwAR2_VAh3N_q_fwjW3KUoEB9XveQJFb52HtSrAZ8t9halbxBEit0jkpFK1l4
http://www.ekathimerini.com/235592/article/ekathimerini/business/a-few-taxpayers-pay-most-taxes
See:
http://www.ekathimerini.com/235390/article/ekathimerini/business/greek-tax-increases-top-oecd-chart?fbclid=IwAR2_VAh3N_q_fwjW3KUoEB9XveQJFb52HtSrAZ8t9halbxBEit0jkpFK1l4
http://www.ekathimerini.com/235592/article/ekathimerini/business/a-few-taxpayers-pay-most-taxes
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