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

[mrcash2009 0]

Also I am disturbed by the assertion that we are in this mess because borrowing what you couldn't afford became 'trendy'. It's probably true!

Certainly no shock to the system for certain people that's a given, but I thought it was quite relevant link under the circumstances :)

Trendy, I dont know about that, moulded into the generations birth by birth is more the ticket.

[Mr. Charles 22]

Since i'm a pinhead' date=' how can you base an evergrowing economy off of a finite resource, gold? (if we go back to the gold standard)[/quote']

The question is, how can you base an economy on the principle of unlimited growth?

[Fox '09 14]

The question is, how can you base an economy on the principle of unlimited growth?

I think the issue there is how can you base an economy off of the idea of unlimited growth when we rely on finite resources? I think the goverment ought to play a role in scientific and space exploration if we're going to succeed in an overgrowing planet.

[nettrucker 142]

In actual fact that is consenting on paper for you as a legal fiction - (you on paper), with a number given to you and added to a computer, so in effect its not your debt as the human entity :) All things considered the game still plays out the same.

You dont consider the idea of selling the "lifestyle" at all then? No media pushing easy money through advertising, marketing strategies, carrot on a stick sales? People simply woke up and wanted lots of things and that was all completely their own doing with no assistance from anyone above to get them into that lifestyle frame of mind?

Maybe people might want to check out this documentary

When you work this in with years for generation to generation via smart people at the top, you tend to still think that this 1 percent group hand their hand firmly in this process to stay in that position. You cant simply say it wasn't just them, but you can say the "other percent" were moulded well for fattening up. But, this would be a conspiracy theory in some peoples eyes, which always makes me smile.

Thanks for posting this documentary. Very interesting stuff. Never thought that Freud had such an impact on the American society.

cheers

[st_dux 26]

I've got quite a bit to respond to (in particular, I'd like to get back to ProfTournesol's earlier points), but for now I just need to clear this up:

Yet these Bleeding Heart Libertarians continue to whine that we should give all our money to the 1%ers and Bankers they can fix it. Just like they did when they Bailed out the Welfare Queens of Wall Street.

(emphasis added)

Walker, libertarians were utterly opposed to the bailouts. It is blatantly false to say that libertarians were responsible for giving banks taxpayer money; if it were up to the libertarians, all of those financial institutions would have been allowed to fail. It was the neocons and your beloved Democrats who decided that the banks needed to be bailed out with taxpayer money, not the libertarians.

[Baff1 0]

Since i'm a pinhead' date=' how can you base an evergrowing economy off of a finite resource, gold? (if we go back to the gold standard)[/quote']

The gold standard is a way of unifying the values of currencies. Of pegging them together.

Sort of like what the Euro has done.

It was a massive fail and those countries last to abandon it, were notably the last to recover from the Great Recession.

[st_dux 26]

It was a massive fail and those countries last to abandon it, were notably the last to recover from the Great Recession.

No one has recovered from the recession yet (it hasn't even begun in earnest), and the gold standard was a good thing. Abandoning it has led to unsound money and a system of fiat currency that is bound to topple like a house of cards. Value doesn't exist just because some government official says that it does, and this lesson is about to become painfully obvious to everyone.

[abs 2]

No one has recovered from the recession yet (it hasn't even begun in earnest), and the gold standard was a good thing. Abandoning it has led to unsound money and a system of fiat currency that is bound to topple like a house of cards. Value doesn't exist just because some government official says that it does, and this lesson is about to become painfully obvious to everyone.

I always knew you were a gold bug. :) I try my best to buy as many ounces as I can afford to every year.

Abs

[mrcash2009 0]

Speaking of gold, for a few recent years in the UK (cant speak for other countries) the letters through the post and advert companies "Cash for gold" sprang up thick and fast.

Still get them going door to door to this day, wish people wouldn't fall for it.

Plus the amount of sites and places with lead and copper being stolen in large sums, telling signs all round even at a more local level.

Thanks for posting this documentary. Very interesting stuff. Never thought that Freud had such an impact on the American society.

cheers

No problem its an interesting one for sure, its all about the "Lifestyle" .... *sick bag* It shows outright the "model" that is hand in hand with what state we are in now, so just think 1 percenters using the model and then you have the case about said 1 percenters, than complete blame on anyone "beneath". Edited November 18, 2011 by mrcash2009

[Baff1 0]

No one has recovered from the recession yet (it hasn't even begun in earnest), and the gold standard was a good thing. Abandoning it has led to unsound money and a system of fiat currency that is bound to topple like a house of cards. Value doesn't exist just because some government official says that it does, and this lesson is about to become painfully obvious to everyone.

My bad.

I was attempting to refer to the Great Depression of the 30's but called it the Great Recession in error.

Historically, the Gold Standard allowed those who abandoned it to devalue their currencies against the others. Those that did so came out of recession first while those who did not stayed in recession for longer.

[walker 0]

Hi all

Cash for gold schemes are being investigated by the police and justice departments for money laundering and tax avoidance. The criminality seems to be a primary driver in the gold market. Criminals are buying gold jewelry from them selves in one country, taking it across a border, then selling it to get clean cash in another country. Other criminal tax evaders are paying them selves in gold to avoid income tax then selling it to get the cash.

Kind Regards walker

[nettrucker 142]

I've got quite a bit to respond to (in particular, I'd like to get back to ProfTournesol's earlier points), but for now I just need to clear this up:

(emphasis added)

Walker, libertarians were utterly opposed to the bailouts. It is blatantly false to say that libertarians were responsible for giving banks taxpayer money; if it were up to the libertarians, all of those financial institutions would have been allowed to fail. It was the neocons and your beloved Democrats who decided that the banks needed to be bailed out with taxpayer money, not the libertarians.

I agree 200% with this.

---------- Post added at 08:19 PM ---------- Previous post was at 08:13 PM ----------

Hi all

Cash for gold schemes are being investigated by the police and justice departments for money laundering and tax avoidance. The criminality seems to be a primary driver in the gold market. Criminals are buying gold jewelry from them selves in one country, taking it across a border, then selling it to get clean cash in another country. Other criminal tax evaders are paying them selves in gold to avoid income tax then selling it to get the cash.

Kind Regards walker

Please read this and you will know how this investigation is going to end.

http://www.globalresearch.ca/index.php?context=va&aid=23516

The main desease the whole world is suffering is the corruption. It goes from our politicians, over to our juridical system to the Corporations lobby. We will never change anything if we can't defeat the corrupt system we are living in.

ATLANTA, Aug 28, 2011 (IPS) - The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency's opaque operations.

"This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else," U.S. Senator Bernie Sanders, an Independent from Vermont, said in a statement.

The majority of loans were issues by the Federal Reserve Bank of New York (FRBNY).

"From late 2007 through mid-2010, Reserve Banks provided more than a trillion dollars... in emergency loans to the financial sector to address strains in credit markets and to avert failures of individual institutions believed to be a threat to the stability of the financial system," the audit report states.

Here's the link to the full article

http://www.globalresearch.ca/index.php?context=va&aid=26276

regards

Edited November 18, 2011 by nettrucker

[walker 0]

Hi all

The question of: whether it is days or weeks until the gold bubble bursts? Is not realy of concern to western countries or our economies. The primary holders of gold are eastern European and former soviet nations central banks, a few third world nations looking for protection from a declining dollar and a few overextended western investment banks who are busy shorting gold like there is no tomorrow. Other than that we have the muppets who believe the:

...same myths that went around at the end of the property bubble "the price went up for the last ... So it can only go up!" Also known as the one born every minute explanation...

.

One only has the warning obligation that one has to any one about to step out in front of speeding truck.

Such people are of no consequence.

The use of gold as yet another tax avoidance and money laundering tool should be dealt with though. Aplication of the highest level of VAT and other purchase taxes in order to eliminate the value of this criminal behaviour as well as full recording and disclosure of all gold sales and purchases so that more of those engaged in money laundering and criminal tax avoidance can be tracked caught and punished is clearly needed.

Tax avoidance by the 1%ers and bankers also needs to be dealt with by far more draconian punishments. Compulsory Jail terms of say one year per million avoided would be good starting point applied to those on company boards as well of course.

The use of the suggested 30% tax increase on the top 15% of income earners for 5 years or until austerity is no longer required would also be far easier to collect if the punishing consequences for avoidance were more apparent. I would suggest that the taxes raised by this method were ring-fenced to pay off national debt incurred up to the point of implementation, so as to prevent the usual whining from the bleeding heart libertarians.

As I said this would be an income tax not an asset tax and would not affect wealth. No one would become homeless or starve because of it. The failure of the 1%ers and bankers to fix capitalism despite contracting to do so means they must be held to their contract and made to stop being so idle.

Kind Regards walker

[mrcash2009 0]

The failure of the 1%ers and bankers to fix capitalism despite contracting to do so means they must be held to their contract and made to stop being so idle.

The only idle that need quick shock treatment are the work-shy i'm paying for to sit and watch TV :mad:!

.... that's what I would say if I believed the "demonise the poor campaign" that's currently in process via .. well, everywhere.

http://www.guardian.co.uk/society/2011/nov/16/young-jobseekers-work-pay-unemployment?intcmp=122

Young jobseekers told to work without pay or lose unemployment benefits

The comments are great at the bottom, one post (which is how your supposed to think) was:

This is brilliant, sick of paying tax to support people who have not paid into the pot.

:confused: ... ummm, and still pay for them stacking shelves with your tax money (combined with rising fuel prices and costs via said supermarkets you shop at and "consume" in) ...

Don't worry though, its this level that need to fix it all, they are draining the system the most :rolleyes:! Not to worry too much, military draft will kick in soon enough for the fodder.

Its funny to see the pyramid system at work, demonise and blame anything other than above (or the nearest thing you can see close enough), and if you have issues too far above, your an "anarchist" or then a theorist of much conspiracy, genius really.

Edited November 19, 2011 by mrcash2009

[Hans Ludwig 0]

The only idle that need quick shock treatment are the work-shy i'm paying for to sit and watch TV :mad:!

.... that's what I would say if I believed the "demonise the poor campaign" that's currently in process via .. well, everywhere.

http://www.guardian.co.uk/society/2011/nov/16/young-jobseekers-work-pay-unemployment?intcmp=122

Young jobseekers told to work without pay or lose unemployment benefits

The comments are great at the bottom, one post (which is how your supposed to think) was:

:confused: ... ummm, and still pay for them stacking shelves with your tax money (combined with rising fuel prices and costs via said supermarkets you shop at and "consume" in) ...

Don't worry though, its this level that need to fix it all, they are draining the system the most :rolleyes:! Not to worry too much, military draft will kick in soon enough for the fodder.

Its funny to see the pyramid system at work, demonise and blame anything other than above (or the nearest thing you can see close enough), and if you have issues too far above, your an "anarchist" or then a theorist of much conspiracy, genius really.

[mrcash2009 0]

Nice Hans, useful post.

Point was focus on what's happening the opposite end of the scale to get a balance on this threads point, somehow I must be drunk to point out that fact, point proven, thanks for that. Unless of course you want to elaborate on what parts I was drunk on ... an image isn't much to go on you know.

Other examples:

http://www.bbc.co.uk/news/uk-politics-15512827

Warning over legal aid cuts for disabled people

http://www.thisislondon.co.uk/standard/article-24010430-jobless-too-busy-shopping-to-look-for-work-says-tory.do

Sorry if this may "seem" off topic but looking at the opposite end within the 99 percenters gives a good reflection on things.

Meanwhile dig in your pockets to help - "Pudsey the bear" or have guilt that you somehow like children suffering (that's a UK thing BTW).

This is while we argue about 1 percenters and suggest in places its Anarchist in nature to question and request such things, while the same bracket pull out all these stunts daily all around us as we argue the point. Should be a sobering thought when you actual look at the bigger picture of it. Spend time really focusing at the other end, then come back to the question of this thread.

Edited November 20, 2011 by mrcash2009

[PELHAM 10]

"Meanwhile dig in your pockets to help - "Pudsey the bear" or have guilt that you somehow like children suffering (that's a UK thing BTW)."

Good example of charity collecting that goes too far. They knock on your door, they ambush you in the street, at the shops, in the pub, you can't turn on the TV or Radio without being told to phone or text in, half the people where you work expect £5-£10 each or you receive a dirty look and menacing comments. I dread the bloody BBC event every year. I always wonder just how much collected cash actually gets handed in. Don't tell me 100% because we all know that isn't true. I noticed the BBC had a 2hr special compilation of highlights from past years Children in Need Television - ahh the entertainment of it all!

RE the Revolution

We have an occupy camp round the corner from my head office now. Gives old communists something to do I suppose, entertainment by Billy Bragg (Yawn):

Occupying our city Christmas tree - Billy Bragg sang a selection of his songs......

Most people are highly unimpressed by this small mob claiming to represent us.

Edited November 20, 2011 by PELHAM

[walker 0]

Hi all

Did you notice how the Bleeding Heart libertarians continue to avoid the questions posed earlier?

... the question to the Bleeding Heart Libertarians about what the value for Friedman's constant for Velocity of Circulation was?

Why do you Bleeding Heart Libertarians think the 1%ers and Bankers have a right to skip austerity?

Any one else think they sound like cold call sales staff when you ask them what they are selling?

Meanwhile beware of paid 1%ers and banker proxies engaged in propaganda.

pokAqm42Re4

The case is clear the Welfare Queens of Wall Street are being protected by the Republican party. The bankers are bank rolling the GOP with bailout cash, so the Republicans will give them more bailouts just like they did when Bush/Paulson destroyed the US economy. The GOP are playing the Bleeding Heart Libertarians like a fiddle, oh the poor 1%ers and bankers.

The knives are out you have been warned.

Kind Regards walker

Edited November 20, 2011 by walker

[froggyluv 2133]

The Top 0.1% Of The Nation Earn Half Of All Capital Gains

http://news.yahoo.com/top-0-1-nation-earn-half-capital-gains-172647859.html

Pretty funny they call Obama a wealth redistributer when the old tax rates were in the high 30's. Sick of their whining -tax the f*ckers.

[rangerpl 13]

Hi all

Did you notice how the Bleeding Heart libertarians continue to avoid the questions posed earlier?

Any one else think they sound like cold call sales staff when you ask them what they are selling?

Meanwhile beware of paid 1%ers and banker proxies engaged in propaganda.

pokAqm42Re4

The case is clear the Welfare Queens of Wall Street are being protected by the Republican party. The bankers are bank rolling the GOP with bailout cash, so the Republicans will give them more bailouts just like they did when Bush/Paulson destroyed the US economy. The GOP are playing the Bleeding Heart Libertarians like a fiddle, oh the poor 1%ers and bankers.

The knives are out you have been warned.

Kind Regards walker

MSNBC is full of liberal bias and that video stunk of it. It's basically the same "Republicans are evil bank supporters and Democrats fight for the common man" bullshit.

The Democrats are just as responsible for this mess as Republicans are.

[walker 0]

Hi all

You cannot argue against fact RangerPL; it was John Boehner's very own lobby firm that sent the memo laying out the GOP's alliance with the bankers and Wall Street's Welfare Queens detailing the Republican party's strategy of protecting the 1%ers and bankers.

As to source the story has been confirmed by multiple news outlets both in US and round the globe:

http://www.reuters.com/article/2011/11/19/lobbying-banks-idUSN1E7AI0A420111119

http://news.firedoglake.com/2011/11/19/lobbying-memo-seeks-methods-to-discredit-occupy-movement/

http://www.opednews.com/articles/Busted-by-John-Reed-111120-700.html?show=votes

http://www.thenation.com/article/164349/how-wall-street-occupied-america

http://www.ibtimes.com/articles/252691/20111119/occupy-wall-street-lobby-memo-clgc-aba.htm

http://www.dailymail.co.uk/news/article-2063843/Occupy-Wall-Street-Tmhme-semmmcret-850k-plan-lobbyists-undermine-protests.html?ito=feeds-newsxml

Over 5000 news outlets ranging from the left to real conservatives, so like Boehner you are busted.

Kind Regards walker

[PELHAM 10]

Hi all

You cannot argue against fact RangerPL; it was John Boehner's very own lobby firm that sent the memo laying out the GOP's alliance with the bankers and Wall Street's Welfare Queens detailing the Republican party's strategy of protecting the 1%ers and bankers.

Over 5000 news outlets ranging from the left to real conservatives, so like Boehner you are busted.

Kind Regards walker

What fact is that? You are saying the lobby firm belongs to J Boehner? If so you are incorrect? It looks like a smear by certain areas of the press. Two of the partners in the lobby firm used to work in Boehner's office. 1 left 4 years ago, the other in January this year.

That is the only connection between Boehner and the memo. Former employees.

Also, you don't appear to have read the memo - it states nothing remotely resembling what you say. It is concerned that both Democrats and Republicans will jump on the bandwaggon of bashing Wall St. simply to gain votes next year.

The memo simply outlines a proposal to conduct a survey of 1000 people to find out what the average person's opinion is on all this and to use the results and media monitoring and analysis to lobby on Wall St's behalf. It is in fact politically neutral - they were fishing for business from Wall St.

If you are behind an honest campaign why do you feel the need to spread inaccuracies to get your message across?

[abs 2]

The question of: whether it is days or weeks until the gold bubble bursts

Here you go:

http://www.wealthwire.com/news/metals/1659

Also this:

2NJnL10vZ1Y

Important part is around 4:29. The best part is at 4:58. Watch as Bernanke takes a dump in his pants.

Abs

[walker 0]

Hi all

Once again the Bleeding Heart Libertarians want us to stop being nasty to the 1%ers and bankers they need our money.

Hmm...

No.

The Lobbying firm Clark Lytle Geduldig & Cranford Yeh Just 4 Names in that partnership.

So who are these people and what do they do?

...The four principal lobbyists at the firm have donated $452,250 over the past five years to federal candidates and political party committees. The lionshare of that funding has gone to Republicans (95.3 percent) with just a small amount (4.7 percent) donated to Democrats.

Lobbyist

Donated 2007-2011

Steve Clarkz

$147,350

Jay Cranford

$1,750

Sam Geldudig

$295,950

Gary Lytle

$43,300

Two of the lobbyists – Cranford and Geldudig – worked for House Speaker John Boehnerz (R-Ohio).

http://themoderatevoice.com/129558/john-boehner-and-the-lobbying-firm-planning-to-undermine-occupy-wall-street/

As always folow the link to the original article in full

And from the horses mouth itself we have the following proud boasts:

...Sam Geduldig

"Knows how to kill legislative threats to his clients" 04/24/2008 | The Hill

Sam Geduldig joined Clark Lytle Geduldig & Cranford in 2007, bringing more than a decade of experience on Capitol Hill. That same year, National Journal magazine named Geduldig one of its well respected political insiders, citing his “campaign experience, insider knowledge, and ties to voting blocks.†Since 2008, The Hill newspaper has named Geduldig to its annual list of top lobbyists, highlighting his ability to “kill legislative threats to his clients.â€

Geduldig served in an array of senior positions in the office of Congressman John Boehner (R-Ohio), the current Speaker of the House of Representatives, as well as Congressman Mike Oxley (R-Ohio), the former Chairman of the House Financial Services Committee. Geduldig also spent four years as a senior advisor to then House Republican Whip Roy Blunt of Missouri – now Senator Blunt – directing coalition efforts while advising the Majority Whip on financial services issues. Additionally, Geduldig acted as the House Republican leadership’s liaison to the business community, outside organizations, and interest groups...

http://www.clgcdc.com/partners/sam-geduldig

As Always follow the link to the original text in full along with a whole host of other damning evidence so that you can judge for yourself as to just how much of a Falsehood PELHAM is trying to perpetuate on those reading this thread.

In the side panels yet more boastfully quoted proof showing how much of a falsehood PELHAM is trying to perpetuate on those reading this thread:

...10/05/11 | The Hill

Top Lobbyists: Hired Guns

The Hill's list of the stars of Washington's "downtown" firms. Sam Geduldig, Clark Lytle Geduldig & Cranford. The former House Republican leadership aide has seen a business boom at his firm since the GOP takeover of the lower chamber...

Ibid

And:

05/23/11 | Washingtonian

Sam Geduldig: 40 Under 40

Geduldig has friends in high places. As deputy political director and then political director to Ohio Republican representative John Boehner--now speaker of the House--Geduldig traveled with the congressman constantly...

Ibid

It is the Republican's Revolving door Politics there laid out in black and white for all to see.

No wonder the 1%ers and Bankers get GOP protection.

The American Bankers Association already paid them $710,000. Just to scotch the next Myth PELHAM will attempt to perpetuate, the one where he says they bankers did not pay them.

Kind Regards walker

Edited November 21, 2011 by walker

[dmarkwick 261]

Watch as Bernanke takes a dump in his pants.

I guess people will see what they wish to see, but I just saw a guy answer some odd questions in a fairly calm manner :)