In Greece: As ‘Austerity’ Ignites Masses, Elites Turn To Imperial Stormtroopers
Lew Rockwell Blog
Feb 27, 2013
The usually reserved waitress at our favorite Greek-owned Sunday breakfast place approached us in dismay. Her daughter and son-in-law were escaping Greece for the US. Even middle class professionals were finding themselves digging in the garbage for food to eat, she said. You cannot imagine just how bad it is in Greece, she told us, with tears in her usually stoic eyes.
What has happened in Greece is as Ryan McMacken quotes Mark Thornton in a recent LRC blog, about what passes in popular parlance as “austerity”: “The…idea of raising taxes on individuals to pay off international banksters…[which] is bad economics and is not real austerity.”
As the always enlightening Daily Bell website pointed out earlier this year:
“In fact, the Greek Parliament is voting today on a new tax bill that broadens the tax base to raise another 2.5 billion euros, and also introduces new annual income thresholds for salaried taxpayers. It does away with tax breaks for the self-employed.
“Entrepreneurs have emerged as the latest ‘bandits’ in Greece’s ongoing efforts to bleed the wretched Greek carcass of its last available drop of revenue. Government benefits have been slashed, taxes raised and Greeks are being pursued with maniacal determination for taxes, paid or not.”