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Politics : Formerly About Applied Materials

AMAT 260.77

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Dec 24 12:59 PM EST

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To: Sam Citron who wrote (67283)	1/10/2003 9:52:46 AM
From: zonder	Read Replies (1) of 70976

Perhaps our friend in Monaco will tell us how they pay the police if there are no taxes whatsoever. She would be happy to <g> Most of the state's income here is VAT. The Prince also owns Societe de Bains de Mer which owns the Casinos, Hotel de Paris, Hotel Hermitage, and gets the revenues from the Formula 1/Grand Prix every year. Besides, it does not take much to keep a country of 1.9 km sq area in very well protected, pristine condition (flowers on the streets, streets washed with soap water in the mornings and all). In any case, I like the VAT taxation here, which means you are taxed on what you spend rather than what you earn. Also, it means the tourists who flock in hoards in summer get to pay for the nuisance they cause <g>

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