I can't believe this is actually in NYT but it is:
Quote:
The expansion of Greece’s huge government sector took decades to create, but its growth in recent years has been particularly striking. Public employment grew by fivefold from 1970 through 2009 — at an annual growth rate of 4 percent, according to a recent academic study by Zafiris Tzannatos and Iannis Monogios.. Over the same four decades, employment in the private sector increased by only 27 percent — an annual rate of less than 1 percent.
http://www.nytimes.com/2012/10/11/opinion/the-cost-of-protecting-greeces-public-sector.html?_r=0
If government created wealth, it wouldn't need the power tax. The people of Greece are learning this very hard lesson first hand.
Quote:
The expansion of Greece’s huge government sector took decades to create, but its growth in recent years has been particularly striking. Public employment grew by fivefold from 1970 through 2009 — at an annual growth rate of 4 percent, according to a recent academic study by Zafiris Tzannatos and Iannis Monogios.. Over the same four decades, employment in the private sector increased by only 27 percent — an annual rate of less than 1 percent.
http://www.nytimes.com/2012/10/11/opinion/the-cost-of-protecting-greeces-public-sector.html?_r=0
If government created wealth, it wouldn't need the power tax. The people of Greece are learning this very hard lesson first hand.