by Wayne Allyn Root

If income redistribution works...if tax and spend is a model for America...why is Greece a bankrupt basket case threatening to bring down the entire European Union?

A much more important question: Why is Greece, with a 45% income tax rate, a 23% VAT tax (national sales tax) plus a host of other taxes, still hopelessly bankrupt? Greeks pay up to 70% to 80% of their income to the government. Yet Greece is insolvent. With all those heavy taxes, it took $160 billion to bail them out only one year ago. Now they need at least another $50 to 100 billion. Why would Obama want higher taxes for America, when Greece proves the model doesn't work?

All those Greek voters elected socialist politicians because they promised fat pensions, free health care, and lavish early retirement. Now they face unimaginable poverty for years to come. So the lesson is that when politicians promise chocolate cake with no calories, they should be put in prison for fraud.

Perhaps Obama should go to Greek's socialist rulers and ask for advice before we wind up with our own Big Fat Greek Bankruptcy.

Photo credit - Deutsche Welle