Christopher Buckley in the New York Times. A send-up of the woes of ancient Greece, when it turns out that the public fisc can’t afford to give everyone the life of leisure, tax evasion and retiree discounts that they all came to expect.
Coming from a country like I do, where the public pension maybe pays 35% of your working salary at 65 (not 75% at age 60), I’m floored reading the stories of Greeks who just expect to lead the good life off the backs of others. No wonder the Germans are upset about bailing them out.
I disagree with those who feel that this means the end of the Euro. If anything, I think it makes the Euro region stronger, because each member nation will be looking at what the other member nations GET and GIVE. When you start to have to borrow your lush pension payment money from Germany, very quickly the wealthy Greeks who don’t pay the pool tax are going to have their knuckles whacked by the Greek Tax Man.
The Germans don’t mess around, as witnessed by 20th century history until we straightened them out.
My regular readers know that I think a lot of the world’s problems arise from people who don’t follow basic, good law. Look at the trillions of upset caused by a handful of Greeks who wanted to cheat. Look at the misery caused by a handful of Wall Street bankers who decided to bend leverage rules and lie about what their capital and debt levels really were.