Our Economy Could Be In Surplus In Less Than A Year With A 1% Wall Street Sales Tax

reply to post by Kali74


well... TPTB will not permit ANY transaction tax at any rate ---..003% or a whole 1%


the HFT (high frequemcy trading) scheme would buckle
the creation of 'Derivitives' *(actually creating counterfeit money) would also be curtailed & the present corrupt & fraud tarnished system could not handle the surrendering of any 'transaction tax/fee" other than those incurred by the peasant class in deeds-mortgages- vehicles-lottery winnings.... and any other various documents needed in a Legal transfer of property or assets.


if a 'transaction tax is imposed--- there will sprout up an immediate loophole for the elites to exercise

Originally posted by neo96

I don't property taxation and income taxation should be abolished,

And what de-incentive would you provide that the rich don't turn from Wall Street Fiat Currency and rush headlong into buying up land and holding it as hard investments?

What de-incentive would you provide from the cost of landing reaching and elevating to astronomical values in dollars due to supply and demand?

reply to post by XPLodER

they buy up liability from other companies so they dont pay taxes, effectively paying no taxes AND getting entitlements from government welfare, its a bait and switch type of accounting, i suspect its to complex for me to explain it to you under the current conditions of this debate.

Sorry nice try no one is buying anything there in those sources since that is the Amerikan taxpayer

Originally posted by neo96

Originally posted by jacobe001

Originally posted by neo96

No that is the US federal government who will do anything to destroy anyone or anything that gets in its way.

So I take it you are going to protest or go after the politicians in DC that hail from the likes of the Big Wall Street Banks and Big Multi National Corporations?

There is only one group of people that make me pay them, and make me buy corporate products those DC politicians.

you mean like 1.2 trillion dollars spent in Afghanistan?
or like 56 billion payed back to GE?
or like the bailouts
or like the 40 billion a month payed to banks for morgages at face value?

no you want the poor and sick to pay dont you?

xploder

Originally posted by XPLodER

partisanship is a distraction and you know it,
keep on the facts for the debate please

xploder

I wonder why Neo doesn't worship Obama, being a Bankster Puppet and all?

Bipartisan Support for Wall Street Deregulation of Derivatives - Tax Payers on the Hook
www.abovetopsecret.com...

BARACK OBAMA (D)
Top Contributors


Goldman Sachs $1,013,091
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Morgan Stanley $512,232
Latham & Watkins $503,295

If it were not Obama, then Romney would have done just fine as well for the Banksters:

MITT ROMNEY (R)
Top Contributors

Goldman Sachs $1,033,204
Bank of America $1,009,402
Morgan Stanley $911,055
JPMorgan Chase & Co $833,096
Wells Fargo $674,076
Credit Suisse Group $640,620
Citigroup Inc $510,199
HIG Capital $382,904
General Electric $332,875

Originally posted by jacobe001

Originally posted by neo96

I don't property taxation and income taxation should be abolished,

And what de-incentive would you provide that the rich don't turn from Wall Street Fiat Currency and rush headlong into buying up land and holding it as hard investments?

What de-incentive would you provide from the cost of landing reaching and elevating to astronomical values in dollars due to supply and demand?

How anyone got "abollition of income and property taxes" to that is beyond me Wall Street does not determine property values neither does the government federal that is.

The astronomical costs associated with property would be due to the government calling up the federal reserve and saying print a trillion.

Originally posted by XPLodER

Originally posted by neo96

Originally posted by jacobe001

Originally posted by neo96

No that is the US federal government who will do anything to destroy anyone or anything that gets in its way.

So I take it you are going to protest or go after the politicians in DC that hail from the likes of the Big Wall Street Banks and Big Multi National Corporations?

There is only one group of people that make me pay them, and make me buy corporate products those DC politicians.

you mean like 1.2 trillion dollars spent in Afghanistan?
or like 56 billion payed back to GE?
or like the bailouts
or like the 40 billion a month payed to banks for morgages at face value?

no you want the poor and sick to pay dont you?

xploder

Did the poor cut them a check?

Nope they don't pay income taxes.

Originally posted by neo96
reply to post by XPLodER

 

2 trillion dollars is parked in the kaymen islands tax free

Contrary to some peoples beliefs money made offshore is untouchable by the Us federal government that is like saying New York has a right to California's money.

hat puts people to work and gives them money to spend (ie a healthy economy)

thanks made my point for me: tax those evil rich so the less fortunate can go buy corporate products.

edit on 22-3-2013 by neo96 because: (no reason given)

you take my comment out of context and twist it up to make your point?

i said spending money on capital purchases, on infrastructure would provide jobs
SO THAT PEOPLE COULD EARN AND SPEND

you are way out of your league if you have to resort to cuting my words down to make a point

xploder

reply to post by XPLodER

ou take my comment out of context and twist it up to make your point?

Nope

i said spending money on capital purchases, on infrastructure would provide jobs SO THAT PEOPLE COULD EARN AND SPEND

Corporate purchases provided by wealth taken from someone else "infrastructure" jobs eh not everyone is a construction worker.

you are way out of your league if you have to resort to cuting my words down to make a point

Nope

Originally posted by neo96

The astronomical costs associated with property would be due to the government calling up the federal reserve and saying print a trillion.

I am saying that costs would elevate astronomically, more so than they are now if land had no yearly costs to it.
Those with wealth would want to protect it, and would care less what impact it has on others, and buying land with no yearly tax cost to them would be an excellent way to protect it.

You do believe in the notion of supply and demand don't you?
We would soon be a nation of serfs and land owners only.

I would fight and die against those that would try and bring that to this nation.

reply to post by neo96

Corporate purchases provided by wealth taken from someone else "infrastructure" jobs eh not everyone is a construction worker.

again you take what i have said out of context,

not wealth TAKEN FROM ANYONE
incentivise reinvestment in infrastructure, this creates jobs, people earn and spend

you seem to think these rich people live in isolation,
they use roads and bridges, water and power,
why should they not reinvest?

it makes economic sense

xploder

reply to post by jacobe001

I am saying that costs would elevate astronomically, more so than they are now if land had no yearly costs to it.

What is that based off of?

People who owns homes and business pay property taxes, RENTERS do not that enjoy the work from others.

Those with wealth would want to protect it, and would care less what impact it has on others, and buying land with no yearly tax cost to them would be an excellent way to protect it.

I don't believe on property taxes don't think the "state" has any right to take their property after a lifetime and work for paying it.

You do believe in the notion of supply and demand don't you?

Wouldn't supply and demand determine said property value?

Property tax is nothing but income tax on ones possessions, and there is already too much taxation.

reply to post by XPLodER

again you take what i have said out of context, not wealth TAKEN FROM ANYONE

Nope because that word choice Government does not EARN wealth it is taken via FORCE which means people did not earn that wealth.

Originally posted by neo96
reply to post by jacobe001

 

People who owns homes and business pay property taxes, RENTERS do not that enjoy the work from others.

Renters do incur the cost of the property taxes. It is part of the rent money. That is like saying if we add a tax onto a company, they won't pass it down to the consumer and the CEO will eat the loss.

I don't believe on property taxes don't think the "state" has any right to take their property after a lifetime and work for paying it.

I believe in defensive measures at the national and local level to protect us from corrupt people.
Do you believe in government run measures to protect us from corrupt people both domestically and foreign?

Click here for more information.

Originally posted by Kali74
reply to post by neo96

 

I'm not going to engage in your ridiculous ,'I hate democrats and everyone Left is a democrat' vitriol. I'm not going to engage in your, tit for tat, BS. Who did this, who did that equates to two 5 year olds standing in front of a broken vase with both claiming innocence, when they were both playing football in the house.

I had a suggestion, I shared it. Your dislike of my suggestion is noted but understand something... it is my suggestion, it isn't the Left's suggestion, it isn't the Democrat's suggestion, it isn't Progressives... it's mine.

That goes equally for you ThirdeyeofHorus.

I understand that you are left of Democrat.

reply to post by neo96

I believe in defensive measures at the national and local level to protect us from corrupt people.
Do you believe in government run measures to protect us from corrupt people both domestically and foreign?

i would ask this of you neo

xploder

reply to post by XPLodER


Look, Socialist redistributionist policies do NOT help ALL Americans. It's just that simple.

In fact it punishes anyone who tries to make a better life for themselves through hard work. The way a graduated Progressive Income tax works is the more you make your way out of the poverty hole, the more you have to pay for what you have.

And yes, there are people who are working the system with the help of Progressive Democrats. For instance, giving incentives to people who come to the States illegally by allowing them to reap the benefits only citizens should have access to. By allowing illegals to come here, have children here, and have US citizens pay for their education and so on. Section 8 housing The Dream Act etc.

I even read years ago that people from Italy were coming to the States, working a few years, going home, and then receiving benefits.

Plus, the illegals are sending a lot of their money back to Mexico, thus taking it out of circulation in the States.

reply to post by jacobe001

Renters do incur the cost of the property taxes. I

Yes Renters get kicked out of their "homes" for failing to pay property taxes.

reply to post by XPLodER

WOW talking to you is liking banging your head against a wall, all it does is lower you IQ i refuse to arue with an idiot let alone come down to his level

Offtopic

ALL Americans are in this together

Clearly not those evil rich folk don't count.