Ripped apart by financial crisis, Greek society in free-fall
This could happen to parts of the US if we do not fix our fiscal house. And that does not mean higher tax rates. It means reduced special deals for everyone, like a cap on mortgage interest tax relief at the average home price in the country etc.
Also this is in some ways a pointer to the effects of a corrupt and ineffective tax authority, Greece’s is awful, the IRS is quite good if not perfect, just remember taxes are a necessary evil, make sure the taxman is competent and fare or things can get ugly.