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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 676.47+0.8%Dec 18 4:00 PM EST
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GROUND ZERO™
Hawkmoon
To: GROUND ZERO™ who wrote (70107)4/3/2015 10:07:36 AM
From: Kirk ©2 Recommendations  Read Replies (1) of 220408
 
I agree with you about the benefits of individual currencies.
It was a stupid idea in the first place and I'm only surprised that it took this long to collapse...
I'm not sure about that. I believe they wanted to be "The United States of Europe" by using a common currency. If it was a bad idea, then why do we not have different currencies for each state in the US?
the Euro will eventually go to zero and become extinct and all the Euro zone countries will return to their previous currencies, this will be a good thing, this will only boost all of their economies independently eventually...
You have to wonder why Taxifornia, Sillynoise and New York Chitty don't issue their own currencies as we are nearly Greek with the level of taxation we have to pay for all the "services" we have.

Perhaps it is because Greece doesn't tax its citizens enough to pay for everything they promise?
It looks like they have many deductions and exemptions we don't have in Taxifornia. We'd be worse than Greece if we didn't tax the crap out of Zuckerberg, Chambers, Musk and all the super rich making these new internet companies here.
Tax exemptions
There are several cases of Tax exemptions under the Greek taxation system, these are as follows:
Proceeds from the sale of shares that are traded on the Athens Stock Exchange.
Income from ships and shipping.
A dividend received from a Greek company.
Capital gain from sale of a business between family members, as defined by law.

I wonder why so many start companies here rather than in States like Florida or Texas who let you keep a lot more of what you earn, but we're lucky that the super wealthy like living here.

We have some cities here in Taxifornia with 10% sales tax, the top rate income tax rate in CA is 13.3%
and there is no lower rate for long term capital gains so all these tech billionaires pretty much finance a good part of our government. Property taxes are over $10,000 a year for an "average" home in the Bay Area. The average home in my town is $30K a year property taxes if you buy now (luckily.)

I recently got a 2 line, unlimited data smart phone plan for $100 and there are nearly $19 a month in added taxes and "fees." Dish and land line telephones have similar types of fees and taxes.

To me, the way Greece doesn't tax you on income from Greek companies.... seems a great way to get rich folks to retire there and invest.
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