Home Forums Hunting & Shooting Hunter's Campfire The problem with Greece, nobody is working:

Recently in another thread, I did a run through of Labor Force, Labor Force participation rates, and Unemployment. In that spirit, let's take a look at Greece, and see if we can spot the problem:



Their problem is pretty clear. With only 12.45% of the population employed, effectively IS WORKING.

At what percentage rate of tax is it still profitable for a person to continue working??

Link?

I'm lucky in that my job is very flexible. I can basically work as much or as little as I want, it just depends upon how hard I want to push myself. I can't say for the Greeks, but when I hit the higher income tax brackets each year I slow down working. I'm divorced now so the rates ramp up quickly. Add on top of that the 5% Mississippi state income tax and the Medicare tax & they're taking 40% of everything I make. That's too much to make it worthwhile for me to go to work. I'd rather have the time off than work for 60 cents on the dollar.

Greece sounds like a model for what Zero is trying to accomplish here.

Barky, I put these numbers together myself.
For my source, I used the CIA world Factbook:

https://www.cia.gov/library/publications/the-world-factbook/geos/gr.html

OK, thanks.

kinda reminds ya of Detroit.....

or many towns in California...

There's only so many olives that can be pressed and tourist to be fleeced...what's everyone else to do?

Those percentages look familiar...oh wait...it's similar to the USA. We're fooked.

I'm still I disbelief a country full of Greeks would be pro-lazy.



Travis

Switch must go off when they move to the US. I don't know a greek family that doesn't over work.

Greeks have always had a strong left wing tendency. Right after WWII, only armed intervention by the Brits saved Greece from going communist then.
For many years, Greeks have 'enjoyed', and demanded socialism. This is the end result.

I like the fact that they are fighting where to get bailout from.

And austerity means which social programs are tightening the belts.

Apparently the concept of working is pretty well f'd up?

give them what they want. let it be a lesson to the rest of the world.

ked

Have they been prominently flying their rainbow flags?

Also driven by the fact that Greece makes almost no hard good, i.e., no industrial base for either jobs or goods to sell or trade.

The exact direction of the U.S. economy.

MM

I see Putin isn't wasting anytime snuggling up to the socialists in grease.

I hate to be this cruel but, this maybe a good thing for the world. Everyone is watching Greece. Unlike all other times in history when a country went belly up, we did not have the full media, and social media we have now. Depending on how bad it gets it may instill fear in other countries, and people in general, which will be a good thing. People will see that money spent on credit has to be paid back. It doesn't matter if a county gives a perk like retiring at 50 on credit, or someone using credit to buy a jet ski in Florida.
People must be shown an example of what will happen when you live beyond your means, borrow money, and don't live on a budget. Many people believe that someone, or something will step in and save them, they won't really have to suffer the consequences of living beyond their mean.
That's why people who lived through the depression in the 1930s would almost never borrow money. They realized wheat happened if you could not pay your bills, and it wasn't. Might be good for people to see the grapes of wrath in living color. I do feel bad for the Greeks who will be the actors in this horror film.

The key here is that they emigrated to US looking for better opportunities and not afraid to work. I just read an article the other day about how Greece is on a death spiral because many of the educated/skilled Greeks are moving out of the country.