IOBE study shows a 7.2% decrease in total income in the comparison of the two years
Who remembers the era of the memos, especially the nightmarish year 2012 when society was suffocating under the weight of cuts in pensions and wages? Then the Greek society had more income than in 2021. A study by the Foundation for Economic and Industrial Research (IOBE) shows that the total disposable income in 2021 decreased by 7.2% compared to 2012! This is an analysis carried out by IOBE based on the data of AADE for the year 2021. In the same year, Greek society enters the cost of living crisis with the vehicle of ligniteization – at the time when Germany was building lignite power generation units – and the target model of Kyriakos Mitsotakis and Kostis Hatzidakis on the price of electricity (instituted in November 2020 and started generating obscene profits for the natural gas cartel).
As early as July 2021, the inflation of greed makes its appearance and since then it has been increasing by leaps and bounds, with the Mitsotakis government silencing the obscene profit in order to show tax-inducing GDP growth through indirect taxes (VAT). In the year 2024 the vise of obscene profits is suffocating society.
Runners-up in food
Last week, in its analysis of food inflation in the Eurozone for last March, Eurostat ranked Greece in second place with inflation of 5.4%, after Malta (6.2%). It is the month in which the Skrekas measures were applied, which were supposed to suppress obscene profit. At the same time, even the European Central Bank singles out Greece as the champion in housing cost increases – rents have increased since 2018 by 52% – while both agricultural producers and supermarket executives express the opinion that new price increases are imminent in food.
The reason is based on the criminal omissions of Mitsotakis, who on the one hand did not shield the Thessalian plain as a result of which it was flooded twice (2020 and 2023), on the other hand he has essentially destroyed the aerial fire fighting as a result of which a large part of the production in the Evros was destroyed due to the fiery conflagration in 2023. All this has dramatically reduced the products produced and this now translates into a new increase in prices (lack of supply in conditions of increasing demand).
Skrekas measures brought precision
It is possible that Mitsotakis and Skrekas are flirting with the wholesalers in the Central Vegetable Market of Athens – the gross profit in food occurs in the intermediate supply chain between the producer (who receives very low prices with wholesalers’ cartel practices) and the consumer – and declare themselves opponents of accuracy , however, the market sees that the Skreka measures brought, due to the absence of offers, an increase in prices. According to supermarket executives, the offers that covered about 50% of purchases have been reduced by half. So it is easy to conclude that in the absence of offers the prices of the products increased.
Inequalities have increased
In the IOBE analysis, the data show the opening of the gap in inequalities brought about by the policy of Mr. Mitsotakis:
- Total disposable income between 2012 and 2021 fell by 7.2%.
- The 20% of taxpayers with the lowest income received in 2012 1.4% of total income, while in 2021 just 0.2% of total income.
- The top 20% of taxpayers with the highest income in 2012 accounted for 52.6% of total declared income, while in 2021 they accounted for 58.7% of total income.
- In 2012 the poorest 20% of taxpayers declared up to 4,000 euros in income, while in 2021 the corresponding 20% had an annual income of up to 1,016 euros.
- In the middle category of taxpayers in 2012 were those who had an income from 8,000 to 14,000 euros, while in 2021 the limits were from 6,098 to 11,180 euros.
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