Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Where Did Our Real Wealth Go?
Pajamas Media ^ | 2-17-10 | Victor Davis Hanson

Posted on 02/18/2010 4:36:23 AM PST by radioone

Economists have given us all the usual diagnoses of what went wrong in a now bankrupt Greece — high taxes, tax cheating, too generous retirements, unsustainable entitlements, government corruption, and anemic demography.

(Excerpt) Read more at pajamasmedia.com ...


TOPICS: Business/Economy; Editorial; Politics/Elections
KEYWORDS: democrats; kickbacks; obama; payoffs; unions; vdh; victordavishanson; wealth
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-65 last
To: Toddsterpatriot

I read in FT that Greece’s retirement age is 55. That’s why Chancellor Merkel of Germany is ticked-off. Germany’s is 67 (if I remember the article correctly).


61 posted on 02/18/2010 5:00:05 PM PST by 1rudeboy
[ Post Reply | Private Reply | To 60 | View Replies]

To: 1rudeboy
Greece's government intends to raise the national pension age and ban early retirement as it tries to tackle its huge budget deficit.

The socialist government said it wanted to increase the average retirement age from 61 to 63 by 2015.

Source

GREECE: The European Union has warned Greece that within five years it will face a problem due to increased aging of its population. With one of the lowest birthrates in the EU, its population of 10 million is rapidly aging. Experts say Greece must begin dealing with the problem before 2010, when costs for pension are expected to skyrocket. Under the current system, the basic retirement age for men is 65 and for women it is 60.

Source

Greece will be okay if they raise import tariffs. A 100% tariff should work fine.

62 posted on 02/18/2010 5:20:48 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 61 | View Replies]

To: Toddsterpatriot

Hmm . . . I’m gonna’ have to pull that FT out of my car. It’s from Feb. 13/14th, I just read it over lunch (I’m a slacker).


63 posted on 02/18/2010 5:50:04 PM PST by 1rudeboy
[ Post Reply | Private Reply | To 62 | View Replies]

To: radioone
The wealth went away because we as a culture decided to live for today instead of build for the future.

Such is the way of the world I guess. If we are lucky we end up like Britain, if we are unlucky like Rome.

64 posted on 02/18/2010 6:43:36 PM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: radioone

Wealth “creation” has never stopped. It is just that society has not wanted to pay its true price.


65 posted on 02/19/2010 10:21:49 AM PST by Dust in the Wind (U S Troops Rock)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-65 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson