Tax the 1%ers and banks to pay for austerity?

[walker 0]

Hi all

Simple poll should we make the 1%ers and banks ( CEOs board members over the last 15 years) be taxed to pay off austerity?

Other questions and suggestions about how to do it can be fleshed out in the thread.

Kind Regards walker

[Innomadic 10]

The 1%'ers should never have had tax breaks in the first place.

[PELHAM 10]

I vote no. The culture of borrowing money we could not hope to pay back was encouraged by governments, media as well as corporations. We should also look at ourselves - did you borrow when you knew deep down it wasn't a good thing?

I said 7 years ago that something was deeply wrong when the economy was based on debt. People smugly told me I was talking nonsense and got out their credit cards to wave at me. Gordon Brown stood in Parliament and stated that he had eliminated 'Boom and Bust'. (Poor man is now almost living as a recluse).

You can't just blame the banks and the rich. Everyone was living a fairytale. The idea of blaming the banks was an attempt by the politicians to absolve themselves of their part in the whole sorry mess. The idea of blaming the rich is from the Anarchists who have alterior motives to persue.

Edited November 3, 2011 by PELHAM

[Dwarden 1125]

i would vote more for establishing laws that taxes must be paid where moneys are made/paid to the company ...

no more running into zero / unrealistic low tax islands ...

[PELHAM 10]

i would vote more for establishing laws that taxes must be paid where moneys are made/paid to the company ...

no more running into zero / unrealistic low tax islands ...

I agree, Tax Avoidance is the one that really needs curbing. It's a dirty, shameful practice.

[Tonci87 163]

I agree, Tax Avoidance is the one that really needs curbing. It's a dirty, shameful practice.

I agree

[abs 2]

*rolls eyes* Ya, because the problem has been that the government is out of money, so taking these rich bastards will solve that problem. It's not like the government can print its own money. I mean, if the rich were taxed, then I'm sure the difference between previous spending limit and the recent $4.5 trillion budget increase would not have been necessary, right? Because if we taxed them all, that would surely come out to about $4.5 trillion at least.

So let's tax the rich to solve all our problems, and ignore the fact that the whole financial system is broken.

</sarcasm>

It's all smoke and mirrors.

Abs

[dmarkwick 261]

I doubt that the 1%ers are 1%ers because it's so easy to take money off them. They're there because they're good at keeping money. They can play the system better than the system can play them.

[ProfTournesol 956]

Simple solution : Tobin tax. Taxing speculation instead of "banking activities", which are composed of useful activities (ie financing the economy) and speculating activities.

[Baff1 0]

I agree, Tax Avoidance is the one that really needs curbing. It's a dirty, shameful practice.

Almost as dirty and shameful as Tax Collection.

What kind of a person becomes a tax collector? The mind boggles.

---------- Post added at 04:05 PM ---------- Previous post was at 04:04 PM ----------

I doubt that the 1%ers are 1%ers because it's so easy to take money off them. They're there because they're good at keeping money. They can play the system better than the system can play them.

Or just move to a more friendly system.

[Fox '09 14]

The banks need to take their assets back first.

Taxing the 1 percent at say, 60 percent isn't going to solve all problems, but it's a shift in priorities.

[Baff1 0]

I agree, Tax Avoidance is the one that really needs curbing. It's a dirty, shameful practice.

Do you remember when all those people avoided paying their Poll Tax?

The Greeks are doing the same thing now.

Those who are socially productive are refusing to pay for a government that they don't think is working in their best intrests.

They have brought the whole system down.

And boy if there was ever one that needed to be brought down...

Just paying Numpty Tax for the sake of encouraging Numpties to Numpty everything up... What's the point?

The less money those people are in control of, the better everything works.

Edited November 3, 2011 by Baff1

[4 IN 1 0]

Am I the only one here who lived in one of those "tax haven"(sort of) yet still find that life is tough as fuck?:confused:

[ProfTournesol 956]

The Greeks are doing the same thing now.

Those who are socially productive are refusing to pay for a government that they don't think is working in their best intrests.

Lol. The Greeks never paid their taxes, that's their main problem.

[PELHAM 10]

Lol. The Greeks never paid their taxes, that's their main problem.

I agree fully. Greece was warned for 25 years about their silly voluntary corrupt tax system. How can a country survive when the norm is to choose not to pay what you should - answer EU handouts and EU guaranteed loans. They get no sympathy from me.

[walker 0]

Hi all

The major problem is that at the moment the 99% are paying for all of austerity with wage freezes, pay cuts, unemployment, foreclosures, pension reductions, VAT rises and inflation.

While the 1%ers and bankers get record bonuses, and 49% wage rises and tax breaks.

The silent majority are getting sick of it hence the rise in public dissent. Normally democracies would redress the imbalance in the social contract but it seems corruption has eaten away at the will of elected officials to deal with the 1 %ers.

I am reminded of the famous film line "I am as mad as hell and I am not going to take this any more!"

juFSNpjbVN4

With the Social Contract broken those in power seem to be unaware of what the consequences are if they do not fix it.

Clearly a massive rise in taxes is required and on the 1%ers and Bankers so that they can begin to pay their way and stop sponging off the 99% who are paying for Austerity, a Robin Hood tax and hit on Bank Bonuses as well as a Tobin Tax as suggested by ProfTournesol to penalize the corrosive effects of speculation are what is needed.

Seriously walker

Edited November 3, 2011 by walker
grammar

[PELHAM 10]

Top 10% earners pay 53.3% of the income tax in the UK? Thats before they get to spend or invest anything, as soon as they do they are taxed again. Top 1% pay 24.1% of the income tax - who cares if they award themselves bonuses - 50% or more ends up back in the public purse.

There is a very small rise in public dissent because the far left and the anarchists are spreading crap to try to further their influence and their cause.

Edited November 4, 2011 by PELHAM

[celery 8]

Mandatory reading for everyone.

CHARTS: Here's What The Wall Street Protesters Are So Angry About...

[Baff1 0]

Lol. The Greeks never paid their taxes, that's their main problem.

Their main problem is that their government is spending all their tax money on stupid unaffordable schemes like full state pensions at the age of 57 and generally crippling the entire country with it's uncontrolled profligacy.

You would have to be an utter moron to want to pay tax in Greece.

They have been spunking every penny.

---------- Post added at 12:25 AM ---------- Previous post was at 12:22 AM ----------

Hi all

The major problem is that at the moment the 99% are paying for all of austerity with wage freezes, pay cuts, unemployment, foreclosures, pension reductions, VAT rises and inflation.

While the 1%ers and bankers get record bonuses, and 49% wage rises and tax breaks.

.

99% having problems is better than 100% having problems.

The idea is to reduce the total number of people having problems, not add an extra 1% out of jealous spite.

[Dosenmais 10]

Jezzz...

The 1% are the Superclass and they can't be taxed. Most leftis and dummy which running around occupy dont even know who the 1% are.

David Rothkopf:: Superclass: The Global Power Elite and the World They Are Making

And everyone knows how they get rid of the taxes that they should pay. They found foundations. Thats the way they get tax exemptions, foundations which finance their manager mills as the Rockefeller foundation financed the University of Chicago.

I am reminded of the famous film line "I am as mad as hell and I am not going to take this any more!"

This reminded me of Gerald Celente which said: This isn't about iam mad as hell, this is about i'am broke as hell.

Simple solution : Tobin tax.

Yeah, Socialism and thievery always sounds like a simple solution while people just parrot the latest bullshit that they heard.

This fake Robin Hood Tax is this, what IWF and european politics demanded a long time and now its one of the main talking points of occupy this and that.

Its FRAUD. Robin Hood never demanded taxes, he has stolen taxes!

This Tax will nearly taxing everything which makes every banking activities oversee able. And how should "(ie financing the economy)" work? This money was sucked out of the economy! Its like a guy which shears sheeps and than makes them way smaller sweaters.

Seriosly, how many books about economy did you read in your life? And i mean the real economy stuff and don't Marx and this bunk.

Wanna steal from me? Come and take it punk.

So let's tax the rich to solve all our problems, and ignore the fact that the whole financial system is broken.

</sarcasm>

Here is a guy which runs around whit a Ludwig v. Mises Banner, and LvM said 1920 that our fiat money system will collaps. He said that 1920 but i guess nearly non of the alightend trendily socialsts here read his books.

Maybee some of these college commies should read his books because its also about legalize drugs!

[PELHAM 10]

Mandatory reading for everyone.

CHARTS: Here's What The Wall Street Protesters Are So Angry About...

That's a different argument - Walker was talking about paying your way. Your chart refers to what people have. So what do we do? Pass a law that takes away someones wealth if they are too rich? They will simply move somewhere that will allow them to keep it. Then how do you make up that 24.1% of tax? Oh yes, the rest of us will have to pay more.

So to stop them moving out of the country you could arrest rich people, lock them up and take their assets? How does this square with human rights? If you are rich you are not entitled to any?

It's nice to bash the rich and think we deserve more - how you make that work in practice is a little more difficult. It would be nice if the protesters and the anarchists came up with some answers instead of rabble rousing.

Robin Hood, if he existed, was an outlaw aristocrat - he stole from the rich and kept it for himself. Is an ancient fable the best basis for a modern fable? Much of the above was tested in the failed communist and marxist states across the world - look what happened to them.

Edited November 4, 2011 by PELHAM

[Baff1 0]

Jezzz...

The 1% are the Superclass and they can't be taxed.

They pay vastly more tax than the rest of us do. mountains and mountians more.

The top 1% pay a shed load more tax than anybody else.

Those people for whom it is never enough, attempt to use obfuscatory figures like percentages instead of actual quantifiable numbers of pounds or dollars.

15% of 100,000 is > 30% of 30,000

The amount of tax a person pays is not defined by the percentage of the salary you contribute. It is defined by that percentage multiplied by their salary.

Vodafone is owned by little old ladies and old men. Pensioners. When they tax Vodafone, it's not Vodafone, the nameless faceless corporation of evil that loses it's money, it's the people whose money it is who are losing their money.

Make no mistake mega rich bankers are now and have always been paying vastly more tax than the rest of us.

The only people who have any reason to be upset by the size of their paychecks are their investors. But a lot more jealous people will be complaining than this.

One of the most intresting social comments of the Banking Crisis has been that those people who have complained the loudest about banking bailouts are not the same people who have paid most towards them. They are the people that have paid nothing towards them at all.

Edited November 4, 2011 by Baff1

[Dosenmais 10]

They pay vastly more tax than the rest of us do. mountains and mountians more.

The 1% are the one in a million. When leftis spoke about rich people, they mean millionars which own companies and they pay a lot of taxes, but these aren't the 1%.

Wanna know which is the biggest landowner on the planet? The british Queen. Royality for example, they are the mega rich 1% without produce anything.

Talks occupy about taxing them? No, they just wanna end the evil capitalism.

[Baff1 0]

They produce plenty of money for me when I take tourists on guided tours.

I think Trinity College Cambridge is a bigger landowner than the Queen. I think the Queen's family went through a great deal to get what they own.

You don't have to produce things to get rich. Other people can produce them for you.

Edited November 4, 2011 by Baff1

[Dosenmais 10]

I think Trinity College Cambridge is a bigger landowner than the Queen. I think the Queen's family went through a great deal to get what they own.

6,600 Million Acres value £17,600,000,000,000

How Much Is Queen Elizabeth Worth?

But hey, no one talks about these people.

They produce plenty of money for me when I take tourists on guided tours.

This is so silly it isn't even gallows humor.