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It's Paul Ryan for VP
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De
28/08/2012 17:15:52
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., Nouvelle Zélande
 
 
À
28/08/2012 06:10:31
Thomas Ganss (En ligne)
Main Trend
Frankfurt, Allemagne
Information générale
Forum:
Politics
Catégorie:
Autre
Divers
Thread ID:
01550345
Message ID:
01551749
Vues:
71
>>But ground property is taxed yearly and over here we have a VAT-type of buy tax, which was 2% in the 80's
and is now between 3% and 5%. Just reallocating or moving because of job shift will cost you more percentage wise.
And what is the reason for those VAT-type of taxes ? Filing is not as difficult a process as it was,
and that was the origin/ previous reason for the tax.

They're just taxes that add a predictable amount to the cost of buying property. It also incentivizes longer-term investing rather than speculation and trading that drives up prices for everybody else.

>>GB inflated away WW2 debt, but in what way has our generation "benefited" by inflation ?

Somebody who took a mortgage in the 1970s could have paid it off on a credit card in the end. An equivalent young person today will struggle even to get a mortgage and has numerous other debts bequeathed by the previous crew that now demonizes inflation. You wait, when the young figure out exactly what has been done to them, maybe they'll decide not to participate in these sorts of constructs that continue to enrich the gerontocracy at the expense of the young.

>>FORCING cash holders to invest only opens the door
to the snake oil sellers bundling bad paper and selling them as secure (AA+ or higher) investments.
Or in shares, where the company is raided by emergency credit of a new 15% investor, forcing
to accept interest of >15% for "emergency credit", silently sucking away company funds,
leaving other shareholders with worthless shares later...

??!! Nobody says you have to be greedy and invest in returns that are too good to be true. Certainly I agree that selling shares is better than borrowing at high interest for many companies, which is what has happened in Australia after taxpayers started creating large pools of equity to pay for their predictable future needs, and for those of future generations. Had the US started doing the same at the same time as Australia, there would be hundreds of trillions of dollars of invest-able public wealth today and no possibility of a recession. Instead the 1% has absorbed or lost most of that $ leaving underclass conditions ripe for revolution and a middle class grimly clinging onto prosperity that was assured for the previous generation.

>>IMO otherwise churning/gambling which you detest even more than me is made necessary.
What is wrong with the idea of ME deciding when and how much I work and retain the value ?
If I work double shifts 7 days a week for 25 years to follow up with playing golf at 50,
living cost paid by me previous effort ?

Just don't keep it in cash! Invest it. In the stock market if you must, or in local business if you can. Every $ you invest is a $ they don't need to borrow, making it easier for them to employ and grow- and growing your share at the same time.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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