Reply #14: Greece, like us, suffers and has suffered for a long time from [View All]

huge differences between the incomes of working people and incomes of the "investor and ownership classes."

It is hard to tax investors and owners. If they don't want to pay a tax, they find a way to avoid paying it.

Working people are easy to tax. They get paychecks. And you can deduct taxes from the paychecks before the worker receives the check.

So, as working people have received less and less of the proverbial income pie and wealthy people have received more of that same pie, the slice that governments can easily tax has gotten progressively smaller.

Meanwhile, thanks to low incomes for working people, the need for social services has grown in many countries.

All of this is complicated by the fact that the post-war baby boomers are starting to age. And as the baby boom becomes a senior boom, funding social security systems in all industrialized nations will be a serious problem. There really are two choices on this issue: let old people die destitute and homeless or adequately fund social security systems.

A larger portion of national income needs to go to working people -- so that it can be taxed more readily.

I know that sounds awful, but that the best way to solve the problem of government deficits.

Tax the rich. And you can do that by increasing the share of the nation's income that goes to working people and reducing the share the rich grab.