Life on the right side of the Laffer Curve

From Greece (NYT):

An essential element of Greece’s recovery plan has been to collect more taxes from a population that has long engaged in tax avoidance. The government is owed 45 billion euros in back taxes, tax officials in Athens said, only a fraction of which will ever be recovered. To understand the difficulty, just talk to Nikos Maitos, a longtime official in Greece’s financial crimes investigation unit. When he and a team of inspectors recently prowled the recession-hit island of Naxos for tax evaders, a local radio station broadcast his license plate number to warn residents.

Merry Christmas

Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want and their kids pay for it. ~ Richard Lamm