http://thenewamerican.com/economy/markets/item/14925-eurozone-boss-seeks-more-looting-as-capital-controls-hit-cyprus (http://thenewamerican.com/economy/markets/item/14925-eurozone-boss-seeks-more-looting-as-capital-controls-hit-cyprus)
Damn I'm happy Norway is not part a full member of EU. Whats strange is that in Norway its the Conservative party that wants EU membership, whereas the labor party is for national vote. Norway has voted two times and both times EU has been rejected.
EU in itself is not a bad entity, it is what the socialists are using it as a platform for total marxist implementation that is the problem, same as US federal government I guess.
Just imagine the government coming in and just taking your savings of which you have already payed taxes on two times before with both income and capital tax. It's a nightmare really.
I don't see how imposing capital controls to ensure economic recovery is 'looting private property.' The New American is an extremely biased source, and its reports are not accurate.
Quote from: MichiganLeft on April 02, 2013, 04:43:41 AM
I don't see how imposing capital controls to ensure economic recovery is 'looting private property.' The New American is an extremely biased source, and its reports are not accurate.
What do you think got them into this mess in the first place? It was the looting of the producers, when there were more takers than producers, the system failed, and now they want to squeeze the last drop of blood with out austerity.
Imminent collapse of the Euro is inevitable.
Quote from: MichiganLeft on April 02, 2013, 04:43:41 AM
I don't see how imposing capital controls to ensure economic recovery is 'looting private property.' The New American is an extremely biased source, and its reports are not accurate.
Step 1 Income tax / corporate tax
Step 2 Capital tax
Step 3
Stability taxIt is a taxation on wealth that has already been taxed several times before. And the reason you don't see that it is looting private property is either because of (1) You are an economic illiterate or (2) In your view all labor/capital belongs to the state.
Quote from: MichiganLeft on April 02, 2013, 04:43:41 AM
imposing capital controls to ensure economic recovery
I know you are a troll but I just find this sentence extremely hilarious, thank you, it made my day :lol:
Quote from: Mountainshield on April 02, 2013, 10:28:59 AM
I know you are a troll but I just find this sentence extremely hilarious, thank you, it made my day :lol:
I don't believe he is a troll, I think he actually believes what he's saying.
Remember, most colleges teach this crap as if it were true, sadly the burden to undue the lies has been placed upon our shoulders, that Capitalism is not evil, but the vehicle to which made us the envy of the world.
Quote from: Solar on April 02, 2013, 10:33:59 AM
I don't believe he is a troll, I think he actually believes what he's saying.
Remember, most colleges teach this crap as if it were true, sadly the burden to undue the lies has been placed upon our shoulders, that Capitalism is not evil, but the vehicle to which made us the envy of the world.
Ah ok, I'm sorry MichiganLeft if you really believe imposing capital controls will
ensure economic recovery.
Do you really think it is
"ensuring" for individuals, families, businesses and corporations to know that the government can unpredictably tax your savings whenever they feel that it is necessary, and this without any warning or alternative?
This stability tax is not something you can plan for like the capital tax, it will only send signal to every citizen in the EU that their money is not safe when "stored" in the bank, and it is already causing bank runs in Spain and Portugal. Because they can loose any percentage from 1-100 at any moment if the current regime deems it necessary.
The only thing that is historically proven to ensure economic growth is predictability. You can have economic growth with high taxes, but what is important is predictability in taxation so that you know the true cost of actions and the amount you need to save and can have in profits. If you can't predict future taxation and regulation then you can't make sound economic decision, wether your an individual, family or business.
Conservatives are not against capital regulation, we are against irrational unscientific and unpredictable capital regulation/taxation. Please read macro economics.
Government policy and theory is more complicated than simple all or nothing arguments.
Quote from: Mountainshield on April 02, 2013, 11:03:43 AM
The only thing that is historically proven to ensure economic growth is predictability. You can have economic growth with high taxes, but what is important is predictability in taxation so that you know the true cost of actions and the amount you need to save and can have in profits. If you can't predict future taxation and regulation then you can't make sound economic decision, wether your an individual, family or business.
Conservatives are not against capital regulation, we are against irrational unscientific and unpredictable capital regulation/taxation. Please read macro economics.
Government policy and theory is more complicated than simple all or nothing arguments.
Calif. is a perfect example of failed Keynesian economics.
Quote from: Solar on April 02, 2013, 11:08:39 AM
Calif. is a perfect example of failed Keynesian economics.
Indeed and it is also a good example how high taxes can allow for economic growth while reducing tax base in the long run. California and Chicago are excellent because it shows that we conservatives were right all along.
The thing with Keynsian economics and FDR policies is that economic growth and recovery can happen despite government regulation and taxation as long as we have soome degree of predictability in government.
If you want to see true progressive unpredictable policies in action then look to Zimbabwe and the socialist Mugabe.
Quote from: Mountainshield on April 02, 2013, 12:00:49 PM
Indeed and it is also a good example how high taxes can allow for economic growth while reducing tax base in the long run. California and Chicago are excellent because it shows that we conservatives were right all along.
The thing with Keynsian economics and FDR policies is that economic growth and recovery can happen despite government regulation and taxation as long as we have soome degree of predictability in government.
If you want to see true progressive unpredictable policies in action then look to Zimbabwe and the socialist Mugabe.
Very true. Stockton Ca is a perfect example of changing the rules mid stream.
The libs guaranteed 100% lifetime healthcare if you worked for the city for no more than a year, including your spouse.
Now, the city filed for bankruptcy, by Ca law, you have to fund pensions no matter how out of step they are with the private sector, but here's the clincher, Stockton has bypassed state law by filing bankruptcy which is a Federal issue.
I hate to say to libs "I told you so", but how can they not see reality here? The libs spent like crazy, allowed the unions to write the law that the left rubber stamped, based future income on a bubble never popping, and suddenly reality hit.
So libs, here's the big conundrum, the Fed Govt is doing exactly what Ca and Stockton is doing, how would you solve the problem?
Seriously, how would you solve this issue using Keynesian economics?
Remember, it was that very model that got us to where we are today?
Judge to Defendant: "Bugsy McBugg, you have been found guilty by a jury of your peers of the robbery at gunpoint of the Thirteenth National Bank. Before this court pronounces sentence, do you have anything to say?"
Bugsy: "Aw, Judge, ya got it all wrong! Me and my pals was just imposin' some capital contols there!"
They had a thought that they couldn't make it on their own so they formed EU. Not they are finding that is not working so well and solicalism is failing so what can they do. More taxes. Just wait we are not far behind.
Quote from: simpsonofpg on April 02, 2013, 05:12:10 PM
They had a thought that they couldn't make it on their own so they formed EU. Not they are finding that is not working so well and solicalism is failing so what can they do. More taxes. Just wait we are not far behind.
It will descend into anarchy as politicians compete with each other to steal as much as possible in a continually shrinking tax base before it is all gone, get what you can while you are in power and then scram out of accountability. EU states are looking more and more like African post colonial states and banana republics.
EVERY tax, no matter the size or purpose, is theft. When wealth is transferred involuntarily from the possession of one to the possession of another -- no matter who those parties are, and no matter what the reason or justification, even if one of the parties is some form of government -- a theft has occurred.
Let's try to keep our terms straight... :tounge:
I guess PINO thought this was a great idea and he is including.g it in his new budget. Hopefully this budget will get just as many votes as his last one. :glare:
http://www.breitbart.com/Big-Government/2013/04/05/Obama-Budget-to-Target-Success-by-Capping-Retirement-Accounts-at-3-Million (http://www.breitbart.com/Big-Government/2013/04/05/Obama-Budget-to-Target-Success-by-Capping-Retirement-Accounts-at-3-Million)
QuoteAccording to a White House statement,the Obama administration believes the current rules allow some wealthy individuals "to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving."
"The budget would limit an individual's total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per year in retirement, or about $3 million in 2013," the statement said. "This proposal would raise $9 billion over 10 years."