The US is Greece x 100.
And you think serious austerity measures will be implemented here when 100 million Americans own firearms?
QE TO INFINITY......AND BEYOND!!!!
Greeks Vow to Rebel Against New 'Monster Tax'
By David Böcking in Athens
The Greek government's new real estate tax, a desperate bid to meet its budget goals and secure fresh foreign aid, will hit the population hard. Greeks have almost their entire wealth invested in property -- and are more worried about the tax than about the prospect of a national insolvency or leaving the euro.
"We might as well shoot ourselves".
The government aims to collect €2 billion ($2.72 billion) in extra revenue by imposing a tax averaging €4 per square meter for two years in a desperate bid to stave off insolvency by meeting its budget goals and thereby qualifying for the payout of further aid from the euro zone and International Monetary Fund.
The trade union of state energy utility DEI, which is to collect the tax and switch off the power supply to owners who refuse to pay up, said it would block the process by refusing to issue electricity bills. The threat is credible because virtually all DEI employees are union members.
Many Greeks are likely to circumvent the new real estate tax, either by using loopholes, of which there are many in the Greek tax system, or by simply boycotting payments. Pensioner Foteinos has already decided what he's going to do: "I'm not going to pay. Let them shut off my electricity."