Gearing up the tax bill
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(No Ratings Yet) Loading ...By A.I.
Published: January 19, 2012
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The finance ministry proposals for change. When expected to come to parliament. |
Schiff Report Video Blog September 21st 2011 Check out my new special report on classic gold scams at www.goldripoffs.com Follow me on Twitter @ SchiffRadio Fan me on Facebook www.facebook.com / PeterSchiff
Tagged with: bill, CHANGE, com, finance ministry, Gearing, Ministry, news rss, Parliament, real news, Report, scams
@MrWarrenross Low wages are essential in growing economies or economies with high unemployment. Government regulation has distorted the free market and therefore the US lost a lot of jobs to countries without these regulations.
The problem is you don’t understand economics, mr. Schiff does.
I have a headache
@LordDyhalto Yeah, you’re just a useful idiot to the government. Curbing the government’s influence is the solution free market proponents propose, not anarchy, and as history has shown it works a.k.a. Hong Kong, Taiwan, Singapore, Switzerland, etc.
The reason why those fat people aren’t losing weight on the Twinkie diet is that they’re doing it wrong. You’re supposed to eat the Twinkies on an empty stomach.
Gold is not a scam. Market manipulation via margin hikes is a scam.
PETITION TO HAVE EXECUTIVE ORDER 11110 REENACTED. THAT IS THE ONLY WAY WE WILL REGAIN OUR FREEDOM AND PRESERVE THE FRUITS OF OUR LABOR. WRITE YOUR CONGRESSMAN…DO WHAT YOU CAN TO MAKE IT A KEY TOPIC OF THE 2012 PRESIDENTIAL ELECTION. GOD BLESS JFK HE DID EVERYTHING HE COULD TO TAKE BACK THIS COUNTRY. NO PRESIDENT SINCE THEN HAS HAD THE COURAGE TO TRY.
Classic gold scams? You mean the one he’s running?
Peter Schiff on wages. Let them eat cake: .” [The minimum wage] keeps people poor. [It] does is says that if a person that has very little skills, and generally they’re young or they’re poor, you can’t hire them unless they can produce $7.25 worth of value, but it’s not just that. It also has to compensate you for all the mandatory benefits and taxes …And people that have no skills, it’s not just worth it to hire them — maybe $3 or $4 an hour, if that’s what they’re worth”.
@H1TMANactual you need to learn your history – it is not so. Gold since use has always been more rare & more value to purchase anything than silver.
@ytgv3fc7 Their charter mandates that they refund the interest to the Treasury. Bernanke even said as much during a congressional hearing. If you have proof that they don’t do that, it’ll be the biggest scandal in the history of the world.
@dodododa oh, right. No the peremanant shareholders of the Fed, such as JP Morgan, split the interest. It’s their dividend and it’s annual, something around 6%.
@LordDyhalto
Oh, and free market advocates have no inkling of a plan to get to their benign future. The talk is instead about how it would be, not how it would come about. Might as well debate whether we should explore Neptune or Pluto first…
If you actually ask one how to get there, the response is usually along the lines of destroying the government and letting anarchy reign. Complete systemic breakdown. Don’t worry, things will work themselves out for the better.
@LordDyhalto
Most free market advocates I see (not insinuating you) are useful idiots who envision a benign future where everybody is free and happy. They also can’t make the distinction between a monarchy and a democracy, instead labelling both as “the state” and “the same”, therefore “the enemy”.
They don’t seem to realize that government is about land management and distribution. If you allow commerce and finance to rule unchecked, we’ll just go right back to feudalism by another name.
@LordDyhalto
The whole “Taxation is theft” phrase sounds wonderful to simple, reactionary people who prefer a good headline to a good article. If you actually put some thought into it, you’ll realize that the nation-state is a community and the taxes are dues. But unlike previous forms of government, we actually have control over how the taxes are spent. We just choose to complain about it rather than care.
I should reiterate that a nation-state doesn’t have to tax.
@TheLegalImmigrant05
First off, I don’t feel like discussing symptoms.
Taxes are unduly high because of a privately-owned monetary system based on debt. If you nationalize your central bank and the setting of lending policy, and people actually pay attention to politics, taxes will graduate downwards.
Nevermind if the state decides to compete in the free market instead of regulating it. A state-owned bank served North Dakota well in this recession, for example.
@truesilverman
Don’t even compare an increase in productive capacity to a speculative bubble.
There are no businesses because everything’s been offshored to other countries curtesty of free trade. Even if there were businesses, they would be hindered by a decrepit system of logistics and electricity-austerity.
Besides. If I had millions to spare, I’d be speculating, not investing, right now. The ROI is greater on Wall St. As far as providing a recovery, the private sector is striking out.
@LordDyhalto If you really believe that spending all the money you want to in infrastructure is a good thing when there are no businesses, then I have a massive uncompleted hotel in Pyongyang I want to sell you.
Creation of wealth (the cause) creates spending (the effect). This is a basic economic principle, and one that anyone can understand. He was stating that because banks cannot generate capitol (the cause) they cannot loan money for people to spend and invest into their own business (the effect).
Why would The Fed care about “losses” , they create $ out of nothing endlessly so they can create all the Fed Notes they need. They can eat all the twinkies they want to and never throw up, they just force the rest of us to pay more for our twinkies and cause us the vomit.
@alex630710 You totally missed the point. He’s declearing war on fat people! &_&
@ytgv3fc7 I mean the part about the Fed not refunding the interest to the Treasury. That’s a fundamental operating procedure.
Why the hell does anyone listen to this idiot? Now he is in panic mode because precious metals are collapsing.
@ytgv3fc7 Silver was once as valuable as gold. Value of gold has depreciated many times. You need to learn your history.
@H1TMANactual hope. Faith in gold doesn’t even exist and has no effect on valuation of gold. Gold has never lost value, not ever in history. even the post 1980′s drop was not a loss in value because the supply was artificially increased. People were told paper they bought is “good as gold” but in reality they’ll get none for it when trying to take delivery using those certificates. AND leasing of gold double-counted the ownership of the same bars.
@dodododa well sorry to say but if you go check the actual dollar holdings of Treasuries it’s actually true now that the US Fed holds #1 position. It is an outrage, indeed. I don’t want you to believe me, it’s stuff you can google & read and confirm