Level Extreme platform
Subscription
Corporate profile
Products & Services
Support
Legal
Français
ACLU is with Trump :)
Message
From
22/08/2017 15:49:08
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
 
 
To
21/08/2017 22:18:46
General information
Forum:
Politics
Category:
Civil rights
Miscellaneous
Thread ID:
01653361
Message ID:
01653594
Views:
70
>>Here's a weird idea.
>>How about thinking about the effects on the people involved?

Here's an even weirder idea: I've been making these sorts of points on UT for a decade, often as a voice in the wilderness. Now I'm lectured on them by somebody whose generation oversaw the whole mess and benefited from it. ;-)

>>Here's a thought, JR. Instead of focusing on the discord of the moment - re-read A Tale Of Two Cities and see what happened to the ruling classes who ignored the "extremists."

See above. ;-)

Of course I'm aware that the US 1% won't budge willingly but if you try to impose draconian measures, they'll vanish and re-materialize with all their loot in Canary Islands or some other tax haven. The challenge for lawmakers is that it's better to secure 30% of a dollar than 90% of nothing. I don't have much truck for Ayn Rand but that part of her writing is perfectly accurate IMHO. Push out the drivers of production and you'll be left with bankers and other parasites trying to gouge $ out of an increasingly poor and desperate populace. So if you want selective tax, maybe tax nonproductive service industries hardest. E.g. a small currency conversion tax less than normal banking fees will hardly affect travelers heading for Cancun but will release $Bs from parasitic machine stimulation/shaving of momentary fx imbalances. There's no reason why society has to allow and reward parasitic behavior in exchange for nothing of value. As an example of the effects, NZ's daily fx trade exceeds the annual GDP as parasites shave fractions of every currency movement, or create pointless currency movements to try to stimulate a fake shift that can be harvested. NZers have to pay for bloated infrastructure and oversight of noncontributory activity and lets not forget that if every productive transaction gets shaved, the shaved $ comes at the expense of one side or the other. And every so often the parasites decide to control the currency or commodity at the expense of the citizenry, as Malaysia and even the UK has learned to their cost. Again, carving a fx tax would make it easier for states to defend themselves from rapacious behavior against the citizenry. It might also mitigate the citizenry's growing disgust at fawning adulation accorded by fellow 1%ers to people who bet against the common interest (e.g. in the subprime meltdown) to harvest $Bs at the expense of everybody else.
"... 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
Previous
Next
Reply
Map
View

Click here to load this message in the networking platform