Tuesday, May 15, 2012

They won’t pay – and why would they?

Greece: when the lights go out

The desperate/cunning scheme to get Greeks to pay property taxes by bundling them with electricity bills didn’t last long. You guessed it, people stopped paying their electricity bills and now it looks like the power company – which had to be bailed out last month – has stopped even trying to collect the levy.

Posted by dill @ 06:13 PM (2126 views)
Please complete the required fields.



9 thoughts on “They won’t pay – and why would they?

  • AEP wrote a good piece this afternoon called:
    Appetiser cost of Greek exit is €155bn for Germany, France: trillions for meat course …

    its at:
    http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100017148/appetiser-cost-of-greek-exit-is-e155bn-for-germany-france-trillions-for-meat-course/

    Worth a read, just for an idea of the costs, didn’t want to jam up the “breaking news” with lot more of Euro stuff.

    Reply
    Please complete the required fields.



  • Oh what a mess. Sounds like the general Greek public have already decided that they want an end to the Euro and the austerity that comes with it. There is a risk here that some banks will actually lose money if a defauly happened! This would be a great thing!

    Reply
    Please complete the required fields.



  • greece is not the worry, the main worry is spain, italy etc will follow greece

    Reply
    Please complete the required fields.



  • Just like the window tax in the UK, when windows were just bricked in.

    And it is a further principle here. People reduce what is taxed (Marx Wadsworth take note). Tax sales and sales reduce, tax employment and there is less employment, and on, and on. They forever sacrifice the economy at the alter of big government.

    Reply
    Please complete the required fields.



  • Good one Libertas. If Wadsworth has his way, there’ll be no land left before long.

    Do you even think about what you say before you say it? The fact that land is immobile and can’t be diverted or reduced is one of the principal arguments for land value tax that Wadsworth’s always making.

    Perhaps what you meant to say is that if you tax sales, then demand for buying stuff reduces, tax employment and demand for employment reduces and yes, if you tax land, demand for land will reduce. But that drop in demand would only happen because less people would be amassing land surplus to their needs, purely in the hopes of making speculative gains. AND THAT’S WHAT THIS WHOLE SITE IS DEVOTED TO!

    Reply
    Please complete the required fields.



  • Libertas, other than pushing acres into the sea, how do you expect people to reduce land – it’s relatively fixed? You’re argument is a very good one in favour of land value tax. Other taxes, as you suggest, are much more variable and people can and do avoid them.

    Reply
    Please complete the required fields.



  • i suppose we could send gordon brown over to help them after all the sun always shines out of his A$$

    Reply
    Please complete the required fields.



  • orcusmaximus says:

    a ruling that it was illegal to disconnect people’s electricity supply for non-payment sent the collection rate even lower.

    Unbelievable! Why not just legitimise all stealing and disband all the courts.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    StuartK, you beat me to it. Your mistake is of course to try and discuss or debate with a Faux Libertarian using things like “facts” or “logic” instead of “lies” or “glaringly stupid assumptions” or “personal insults”, which is their preferred level of debate.

    His religion is based on faith, the deep rooted belief that the landowner came first and that “the state” was something invented by jealous non-landowners to try and prise the land from his grasp. Or something equally f-witted. There is no point trying to explain anything to these people , it’s like trying to point out glaring contradictions in the Bibble/Kerrang/whatever to a religious person, they just can’t see it, it’s like a mental block to the point of being autistic.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>