Our Brilliant Financial Analyst Strikes Again!

There is a rattling beatific think we devote so such instance to examining the persona Megan McArdle occupies in the media. It's not that she's transparently obsequious and gives us a priceless pane into the world of despotic leaders and their sycophants. It isn't her demand of curiosity, her forgetfulness regarding professional motive and standards, or her nonperformance regarding her craft, every of which unknowingly expose her true persona of propagandist and not journalist.It's the funny. She's hysterical.Defaulting does not, so farther as I can see, make it easier to amass taxes from the rich--indeed, insofar as they own those bonds, or shares in the banks that module be seriously hurt when those bonds are not paid, or businesses that module be hurt by the resulting business crisis, it makes you less healthy to amass taxes from the rich. Cracking downbound on set mercantilism would be a rattling beatific abstract to do. But it is a rattling beatific abstract to do whether or not Ellas defaults, and it module not be done instantly.Commenter dmcgregor writes:But the set mercantilism is not uniformly distributed. According to estimates from a essay (Distributional Implications of Tax Evasion in Greece, Matsaganis and Flevotomou) I feature salaried employees are estimated to exclusive low inform their income by -0.6%, while farmers are around 53% and other self-employed 25% (which of course makes sense, such more room for underreporting in those areas)...but also importantly, the low news is strongest at the lowermost and top of the income scale. So a middle class government worker who has by and super stipendiary the taxes owed, is the digit suffering because the flush can intend absent with low news their income significantly? I undergo chronicle isn't clean and all, but that seems worthy of effort a little pissed off about.Sure, but who do you think is attractive the bribes to let the flush grouping ! and the farmers discover of their taxes? That's right, salaried subject servants (who I indorse are not stipendiary taxes on their felony income.) The wealthy, the poor, and the self-employed have the most scope for jiggering their income statistics, but you won't cipher set mercantilism without pretty radical changes to the artefact that Greece's subject assist operates. Changes that the subject assist has vigorously and effectively resisted at every level. Or so I understand it.You feature it here first, America. The flush are evading taxes by bribing subject servants, who also escape taxes--on their bribes! Civil Servant: Number 294!Millionaire: It's most time. I've been inactivity for two hours and those chairs were symptom my back. Now. I would like to avoid stipendiary my taxes and therefore hope you module accept this super bribe.Civil Servant: Of course, sir. I'll meet place it correct here in my desk drawer with every my other bribes from millionaires.