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Deputy PM Says Tax Limits of Greek Society Exhausted
As G-Pap goes from meeting to meeting with his hand held out making promises to asset strip and tax his country into oblivion, AP is reporting that Deputy PM Theodore Pangalos that the country's tax-ability is exhausted (and has exhausted for some time). It is truly astounding that this farce has gone on for so long even as it appears (from the riots/strikes/press) that everyone (serfs and lords alike now) sees through the plans.
Via The Associated Press: Greek Official: Ability to pay new taxes exhausted
Greece has "exhausted" its ability to pay more taxes to cover budget gaps, the deputy prime minister declared Wednesday, saying he himself can't pay a new emergency tax without selling property.
Theodoros Pangalos spoke as the debt-shackled nation faced fresh strikes and braced for another inspection by international creditors, starting Thursday, to decide whether to continue the vital bailout loan payouts.
Parliament approved a new emergency property tax Tuesday to be added to electricity bills later this year, as Greece remains under strong international pressure to abide by its painful deficit-cutting targets. Greece will go bankrupt by mid-October if it does not get an expected euro8 billion ($11 billion) loan.
"I believe that the tax limits of Greek society have been exhausted. I would say they have been exhausted for some time," Pangalos told private Mega television.
Pangalos, a 73-year-old Sorbonne-trained economist, is listed as owner or part-owner of eight properties and farmland in greater Athens and several other parts of Greece.
"The property I own was purely obtained through inheritance. Personally, I have never bought anything ... I will be obliged to sell some of these properties. There is nothing else I can do," Pangalos said.
Greeks have been outraged by the announcement of new austerity measures, including pension cuts and the new property tax, coming after more than a year of spending cuts and tax hikes.
In Athens, another 24-hour public transport strike Wednesday left commuters struggling to reach work, as unions lashed out against the austerity measures that the Socialist government hopes will get it access to crucial loans.
The strike left Athens without buses, subway services, taxis and trams. Customs and tax office workers were also on strike, while about 350 retirees demonstrated outside the Finance Ministry against the latest pension cuts and tax increases.
The heads of Greece's international debt inspectors are due back in Athens on Thursday to complete a review of the government's cost-cutting program.
International creditors have urged Greece's Socialist government to make deeper cuts in public payroll costs instead of repeatedly raising taxes.
Late Wednesday, more than 1,000 protesters from a Communist-backed labor union demonstrated outside the Finance Ministry, urging Greeks not to pay emergency property tax bills being sent to households this fall. Protesters burned copies of the tax notices during the peaceful rally.
"We're against workers paying even one euro for this situation," Iota Tavoulari from the union of pharmaceutical workers told The Associated Press.
"We know very well that none of the money from all the (loan) installments, received after really slaughtering the rights of workers, is going to support the workers. Not one euro to salaries, not one euro to pensions, and not one euro to social welfare," she said. "It is being paid to those who caused this crisis."
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sad. i feel their pain
That would be the pain of the retired (Nationalised) train driver who retired at 50 on a EUR 150K pension. Or do you mean the pain of the majority who pay little, if any, taxes?
Is it racist/classwarefare time again, promoted by the elite and their sockpuppets?
BTW: Average greek retirement age is 61, not 50. Now please go fuck yourselves with a screwstick, racist bankster sockpuppet.
anyone looked at the price of greek real estate lately. has hardly budged in the last 3 years. way over priced. banks keep pumping hot air in prices. looks good on the books i guess.
in the meantime gold down and dollar up. insane.
Thats not real estate, thats collateral!
this circle jerk never fucking ends...
That cracker has more goo on it than any other cracker in history. Personally, I would rather have Cheez Whiz on a Wheat Thin.
and i thought the US had problems with unionization. regardless, Greece is now like some pussy at the edge of the diving board, holding up the entire line for 30 minutes: first, you have some empathy, then you start getting a little impatient but still helpfully try to coach him into a safe water landing, then (after 30 mintues) you start throwing things at him while yelling at him to get pair of balls and be a man and deal with reality and you ask those behind him to shake the board....
Are you kidding? There is a union for doormen. I couldn't fucking believe it when I heard that. The fucking doormen in this town have a union. I have to get out of this fucking place. Soon enough. I fee like the last sane person in this whole fucking area. I just can't deal with these people anymore and their bullshit, braindead attitude. The fucking doormen have a union?
Squeegee men return to NYC. Are squeegee men next group to be unionized?
http://jalopnik.com/5843805/squeegee-men-return-to-harass-new-york-city-...
Why do Greek people still use banks in their country for saving their hard earned euros? Surely they are not so oblivious to what is about to happen? The asset seizures are coming, one way or another.
If I were Greek, my money would either be in Germany or under my mattress in Euros, before the Banks convert them to Drachmas which will lose 80% of their value in short order.
These politicians are really suffering, he is wealthy yet he chose to be a politician. Why are wealthy people so interested in being a politician? Why is there no austerity ever applied to the politicians. Cut the size of your government and start at the top.
For the first time in a year, I get the feeling this thing may in fact be about to blow. Should have bought puts on the SPY before the close. I think there's a fair shot Germany votes nein.
This thing has blown for the past 3 years.
...without buses, subway services, taxis and trams. Customs and tax office workers were also on strike.
Commerce at both ends is being choked off by the people. Politicians can't stop social unrest and bankruptcy is soon upon them. Just as leadership couldn't stop the revolutions in N. Africa this past spring and summer, they won't stop it in Greece. There must be something in the waters of the Mediterranean!
Greeks at least have the balls to riot.
Me? I still have the tiniest bit left to lose. So I'll continue to cower til that's gone...
Eliminate the Fed.
Trash the current tax code: 19% flat tax, 1% VAT, no corp. tax.
Kill social security. Now. Medicaid stays.
We can help out our Seniors that really need it. But, at least we won't be shitting all over the next 5 generations to come.
Stupid ideas? Maybe. Worse than what we have now? Doubtful.
So I'm only permitted to keep 20% of my money and the rest has to go to wars, murder, and the theft of my own property. How about if the fed goverment can't even survive on its current massive revenue stream the debt should be defaulted on and a new constitutional convention convened where EVERY state would ratify it or the union would be dissolved.
Hmmm...no, now wait, nope I checked my math: 19 + 1 = 20% tax.
That leaves you 80% of your income for anything you wish. Maybe English lessons.
Hee, hee. We saw that one coming. Regards CI.
I stand corrected. So I can keep 80% of my money and maybe I'll be permitted to buy certain things with it by all the numerous government agencies that are funded by the remaining 20%. Of course some of that money will be used to build a jail cell to house me if I do too many things they don't like or various other implements of my demise. And I bet I'll be forced to keep that 80% in some debt based fiat currency that's constantly debased by the government who's not satisfied with their 20% cut. So going by the numbers it seems to me like the flat tax is 8% less of the exact same shitty deal I got as before.
<< Greeks at least have the balls to riot. >>
My vote for the world's best rioters goes to the Koreans. Those suckers show up armed, mad as hell and looking for a FIGHT. Then they get it on! The Greeks need lessons. Americans don't even know the definition of the word.
Cordially,
TwoHoot
Hey Schmuck - watch that Fed talk. They are watching the webs for this now doncha know? They have their I on U.
Disobey.
Trash the current tax code: 19% flat tax, NO VAT, no corp. tax.
Fixed it.
I bet there are greeks paaying themselves 3 years worth of salary right now...runs on banks...no one is paying a tax..a fee unless they have to...Government employees looting the coffers...and outsiders getting paid by cash....its got to be in a free fall right now.. and I feel real bad for those Troika accountants that have to look at the "books"....what a joke they have to be...lets see..revenues now 30%...expenses up 40%...bank balance...0......yes you deserve the next traunch...lol...aaaaargh
Which set of books were you referring to?
Looks like a no deal in Germany tomorrow. Grab your ankles folks and pack up your bug out bags.
It is truly astounding that this farce has gone on for so long even as it appears (from the riots/strikes/press) that everyone (serfs and lords alike now) sees through the plans.
I wonder if we ever will before the riots/strikes/press begin to happen.
That new Greek tax is retroactive to 2001. If they dont pay it they cut off their electricity. Talk about a buttf_cking.
You call that a tax system? No wonder they don't want to pay taxes, they despise their government.
you gotta admit, it's pretty impressive they've been able to keep that domino up for so long!!
Almost as if every headline is planned well in advance to cause the most damage and enrich the headline writers. Been like this since 2007.
Sunday nights is get rich night over at reuters and the ft especially now that gasparino's cottage industry has been shut down.
Erin Burnett is engaged :(
That poor fucker. It is good to know that somebody else is stuck with that whiny little twat. I hope he works at a hedge fund.
LISTEN yu FCKING idIOTTTTTTTTTTTTTT!!!!!!!!!!!!!!!!!!!!!!
Erin is the HOOOOOOOOOOOOtest guy on TEEEeee VEEEEEEEEEE
your killin' me, rat..LMAO..
seroiusly though, liz clamen was lookin' GOOD!
took your advise on the 1oz. silver eagles, backed up the truck on monday, even took 2 coins and traded for them... broke my heart, though, been working on my U.S. type set since the mid 80's....
oh well, i always thought more of quality than quantity...live and learn..
I liked that Dana Telsey(?) chicky-poo they had on CNBS sometimes.
She reminds me of Judy the elf in that Tim Allen Christmas movie (can't think of the name).
David Rubulotta some douche bag from Citi..
So he should be able to afford the implants as a wedding present?
I wish her well. She wanted me but I turned her down
Engaged at what?
all you need to know about this chick, just look at the people that are in this crowd......they cant get cancel her show quick enough
http://startraksphoto.com/site/Gallery/Gallery.aspx?ev=ABE88B5A7B5&ps=30&ix=0&ct=All&tm=3
If her pussy and ass are as sloppy as her desk, poor bastard is in for a long life.
Only a question of when the first fascist general or politico in Greece makes a speech along the lines of "we told you so. We need order. We need guns. And we need to kill the ethnic Macedonians. You're going to love working for us."
Why on earth would they want to kill their own citizens?
.
without laborers, the system tptb created would collapse, somebody needs to support them, and they knowit..
good bye...
NEW EXCLUSIVE:::::::IMF OFFICIAL GOES TO NEXT MEETING TO PROPOSE IRON CLAD BAILOUT CNN...WARSAW DESK!!!
http://www.youtube.com/watch?v=Ce9FgV6sXtg&feature=related
Or it could be Greece's Finance Minister Evangelos Venizelos on his way to meeting with IMF.
anyone who has seen a photo of mr. pangalos will agree
that he is naught but the epitome of austerity
Tout est pour le mieux
- dr. pangloss
i have, he can't be much longer for this world.
Tout est pour le mieux...
même l'Austérité sévère
- Frau Angela Merkel
http://www.youtube.com/watch?v=T3jLgeO4bgY
expat walks around taking measurements. notice the japanese people. they don't have a clue about what is happening to them. amazing.....
Time for NATO to do another "humanitarian " intervention. How much gold does Greece have? CRIMEX is hurting.
Once the first domino falls you won't have very much time to laugh before the storm clouds come rolling in
what the hell?!! why I am having to agree with a bunch a communists?
why should they pay anything just to cover creditors?
oh right, those creditors have been funding the Greek socialist utopia for years and now the bills due.
well, I appreciate the sentiment anyway.
It was Lenin who said that when the time comes to hang the capitalists, they will sell us the rope. He was wrong (like about everything else), the capitalists will fund the rope purchase, and then forgive the debt:)
Tout est versez le Mieux...
même l'Austérité sévère
- Frau Angela Merkel
If the Greeks run out of cool-aid they could always go cold Turkey for the long and lonely winter of trojan discontent.
wr;)
I'm thinking they want to hold up the default until after Friday 1700. This week is insider escape week. And maybe next week is all hell breaking loose week.
True doom doesnt happen in the middle of a newsweek. It happens in the off hours. I'm thinking they are going to pass this thing in Germany tomorrow and the Germans will burn some cars. Although I could be wrong and chaos ensues. Ben Bernanke is bathing in printer ink as we speak.
problem+reaction= solution
They want world government. They need a central bank and "political union" in europe which 99.9% of the taxpayers (nee citizens) would rightfully run away from as if they were running from a burning building, so they manufacture "problems" to arrive at their pre determined "solutions".
Every comment, move, fake argument is all programmed in advance. Nothing is left to chance. The rest is just p.r.
http://www.crossroad.to/articles2/05/dialectic.htm
These satanic fucks work backwards.
Anyone have any idea how much sovereign CDS's the banks sold that issued all this debt?
I am not economist but I do believe once the budget deficit is more than 3% and national debt is equal or above the GDP, can not be balanced.
crack the champagne
That last paragraph hits it dead on. All that money is doing is going back to the people who got them into this mess.
If this is a preview of whats to come in the u.s. im not all that scared. 1000 people protesting, thats it!?!?!?! And the banks are still open for business with cash to dispense????!?!? They are near the friggin end folks and they have no MAJOR social upheaval. This sucks. Thousands of dollars worth of food supplies etc will be wasted if this is as bad as it gets...
You could always donate it to a food bank.
If the Greeks are exhausted paying taxes then what are the Germans thinking?
Oh shit, euro gravy train over..no more happy little euro citizen, time to GTFO.
Greece is the new California. As it is there so it will be everywhere else. Except we have firearms in the U.S. and when the banksters try to tax us out of our property we will shove a big bore where the sun don't shine.
predators DBA government
predators DBA corporations
predators DBA central banks
Humans don't owe predators anything... except a bullet through the brain. To hell with governments, corporations and central banks - they are nothing more than fancy names for predators raping everyone. They can go to hell. Pay no taxes. Pay no fees. Obey no arbitrary regulations. Ingore them unless they come after you, and then, treat them the way predators deserve to be treated.
Let it begin in Greece. Let it spread throughout the world. Banksters go to hell. Anyone who pays back loans to people who create fiat, fake, fraud, fiction, fantasy, fractional-reserve toilet-paper debt at zero cost... is a sucker and a fool.
...was purely obtained through inheritance. Personally, I have never bought anything ...
I am innocent. I have not done anything wrong. In fact, I have not done anything, never mind right or wrong.
Why are you picking on me?... you unprivileged, commoner riff-raff !
LAST.... Just kidding
How can Greek society be exhausted from paying taxes when hardly any Greeks pay any taxes at all.
Two-thirds of the doctors in Greece report incomes so low they pay no taxes.
Pangalos is full of skata .....What is needed is enforcement of tax laws.
I think Pangalos is pissed off because he wasn't included in the scam. Yeah the politicians AND militairy sold Greece down the river.
Greeks are notorious tax cheats. There's plenty of tax resources still available.
"Greece has "exhausted" its ability to pay more taxes to cover budget gaps, the deputy prime minister declared Wednesday, saying he himself can't pay a new emergency tax without selling property . . . Greece will go bankrupt by mid-October if it does not get an expected euro 8 billion ($11 billion) loan . . . Pangalos, a 73-year-old Sorbonne-trained economist, . . ."
=============================================
Some training that musta been, at the Sorbonne. Look at the bang-up job he's doing as deputy PM as his country goes down the tubes.
And now he's having to sell property in order to pay property taxes. There's that Sorbonne economics training coming in again, you see? What an incomparable education such establishments provide.