A blog about trading and investing (stocks, ETFs, forex, crypto), with some outdoor activities.
Ironically, this sort of thing may point to the idea that Greece isn't doing so bad after all. The country has a long standing history (shaped by occupations) of not paying taxes. If the Greeks can be made to pay their taxes, or even just for instance a third of what they legally owe, the entire Greek issue might be solved. I’ve seen numbers as large as $30 billion missed in revenues because of the "proud" evasion culture. But it may take a while: I’ve also read tales of people wanting to pay taxes, but unable to get through the bureaucracy and actually deliver their money.Not that different from the US, though: 47% of Americans pay no federal income taxes, and when it comes to corporate taxes, dont’ get me started: the US may even put Greece to shame on that one.Still, so, yes, that’s your foreland, wherever you live in the western world. And it could, and very probably will, get much worse.Britain has a major election on Thursday, and for some reason (turn chaos into profit?) the bonds and sterling futures markets have decided to open at 1.00am local time. If the election results are too confusing for pundits to explain, expect a deep, low and loud sucking sound just off Blackfriars Bridge.
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