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To: GROUND ZERO™ who wrote (70107)4/3/2015 10:07:36 AM
From: Kirk ©2 Recommendations

Recommended By
GROUND ZERO™
Hawkmoon

  Read Replies (1) | Respond to of 220390
 
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.



To: GROUND ZERO™ who wrote (70107)4/3/2015 1:36:47 PM
From: John  Read Replies (1) | Respond to of 220390
 
In addition to Greece on the verge of default and collapse, here is some more "good" news...



Americans Not in Labor Force Exceed 93 Million for First Time; 62.7% Labor Force Participation Matches 37-Year Low

cnsnews.com

excerpt:

The number of Americans 16 years and older who did not participate in the labor force--meaning they neither had a job nor actively sought one in the last four weeks--rose from 92,898,000 in February to 93,175,000 in March, according to data released today by the Bureau of Labor Statistics.

That is the first time the number of Americans out of the labor force has exceeded 93 million.

Also from February to March, the labor force participation rate dropped from 62.8 percent to 62.7 percent, matching a 37-year low.

Five times in the last twelve months, the participation rate has been as low as 62.8 percent; but March’s 62.7 percent, which matches the participation rate seen in September and December of 2014, is the lowest since February of 1978.

BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.

In March, the civilian noninstitutional population was 250,080,000 according to BLS. Of that 250,080,000, 156,906,000 -- or 62.7 percent -- participated in the labor force, meaning they either had or job or had actively sought one in the last four weeks.

Of the 156,906,000 who did participate in the labor force, 148,331,000 had a job and 8,575,000 did not have a job but actively sought one. The 8,575,000 are the unemployed. They equaled 5.5 percent of the labor force—or the unemployment rate of 5.5 percent (which matched the unemployment rate seen in February 2015).

According to the BLS, the aging of the baby boom generation is a key factor affecting the labor force participation rate:

“The baby boomers’ exit from the prime-aged workforce and their movement into older age groups will lower the overall labor force participation rate, leading to a slowdown in the growth of the labor force,” explains the BLS.

"In 2000, baby boomers were aged 36 to 54 years and were in the group with the highest participation rates: the prime-aged group 25 to 54 years old. The participation rate for women in this group was 76.7 percent and for men was 91.6 percent, so that the overall participation rate of the group was 84.0 percent. The participation rate of the next-older age group, that 55 years and older, was 32.4 percent, so the difference between the two age groups was 52 percentage points. With the passage of every year after 2000, a segment of the baby-boomer population passes into the 55-years-and-older age group and thus moves from a group with a high participation rate in the labor force to an age category with a much lower participation rate, causing the overall participation rate to decrease,” states BLS.