dear vicente,

i found this worth to mentioning.

http://www.nytimes.com/2012/08/05/books/review/the-price-of-inequal...

thanks

I see you are still on topic.

Spain's government debt problem has not much to do with income inequality. For example, to make it to the "one percent" in the USA, that supposedly has a much higher income inequality than Spain, you need to make €262,179 a year.

I don't have a figure for Spain, but I imagine is much lower, even in the supposed case that the american poorest are poorer than spanish poorest (but who cares about standard of living in absolute terms, just as long as some are not living way better than others).

Now, to pay the accumulated Spanish national government debt, each of the one percent in Spain must pay around €3,400,000. If after they manage to do this revenues don't fall (this is magical thinking, of course) each of the one percent still needs to pay around €425,000 a year to close the gap between revenues and spending.

And, if this isn't enough, I haven't added to all of this the debt accumulated from all the regional governments.

Yesterday here in Madrid there were tens of thousands of people protesting austerity cuts. Even with these cuts, if all of those people acquired pitchforks went on a looting rampage on the wealthiest people in Spain and gave the spoils to Hacienda (the Spanish revenue agency), it would burn through all that money in just a few months before it needs to start borrowing again.