| fatslob-:O said: Well since most financial executives aren't getting arrested or businesses getting fined for such it's mostly legal ... loopholes =/= illegal Salaries mean everything to us when we use it in a lot of our transactions. The owner's will see it fit to pay us for what we're really worth and your example is insane for the most part ... Greece's problem has to do with it's borrowing issue, not taxation system. 30% of the countries GDP is purely for tax revenue! |
Poor argument as financial executives have been getting away with illegal activities for decades looks at the situation with the banks, no one has gone to jail, finance holds a lot of power over politics and law because they have influence over the flow of money, HSBC the biggest bank in the world were confirmed to be laundering money for criminals, you're naive if you think it's all straight forward. Loopholes aren't legal either hence why they're often closed and you find many businesses do face fines as well for this, the are people who have been convicted for this in the US as well.
You don't seem to get what's said here, that salary you're getting is nothing the only reason you're paid what you are now is because of the law otherwise companies would never pay you no matter how good you are I think you're dreaming here if you think companies will look after you. What is being given to you by one hand is being taken by the other hand, my example highlights this perfectly as what you're being paid is what will go on to pay back the system while they keep a large chunk of the pie scot free, you try to dismiss the example yet have presented nothing that concretely challenges it.
The part about Greece tells me you don't fully know the situation, do you know why Greece borrows so much? It's because of taxes, no one was really paying taxes for decades even to the point of over a century they were lax on taxes so the country's finances had to be made up by borrowing, taxes are what fund developed countries. Heres some knowledge from working inside finance myself in the last century Greece has defaulted 10 times because the has never been strict effort to collect money and evasion of tax was common so any money around was not going into the system. If it weren't for them being in the Euro the other countries in the EU may have even been more harsh in the bailout money terms on what they owe and this is money they have to pay back.
Guess what Greece also did, they imposed a block on all Greek accounts restricting how much anyone and businesses can withdraw to stop what you said businesses would do earlier in trying to leave as they realize they have to start regaining this money, you vastly underestimate how powerful something like taxes can be and what actions will be taken to reclaim it.
