Quote:
Originally Posted by u-Bob
The Greek debt is +- 170% of their GDP, so even if they taxed everyone at a 100% tax rate they still wouldn't be able to pay of their debt.
|
no one pays off a debt in one payment, the defecit is what the major problem is and that stands at about 10% of GDP. So if say a tax rate of 35% was paid on that missing 30% of GDP, the defecit is no more.