They have learned nothing, and they will be happy?
Make it pointless to work, invest, save, build. create and people will stop doing that. Instead, we will have the same kind of charming-yet-tragic Black Markets as we did in the days of the East Bloc, and the same kind of planned command economy, in the end:
"Comrade-Distributor, I came to ask when the car I signed up for will be delivered?"
"Ah, Comrade-Citizen, let me see . . . yes, in 2045, 13th of January, 1045 in the am it will be delivered to your domicile."
"Oh no, Comrade-Distributor! That won't work - that's before the Comardes-Constructionists complete the garage in 2052!"
Or something like that, it's an old Soviet joke.
As I mentioned about berry picking and taxes - there's a very low upper limit to how much you may ear. Now, if we get an upper limit to how much cash you can spend in X time, then buying & selling will use different mediums:
Exchange of services, something that simply cannot be properly monitored unless you make it illegal for people do things outside of scheduled and planned corporatestate-monitored places and environments.
Or as my students had to wrap their heads around:
"How much are you willing to make your idea cost, bedire accepting there's something wrong with it?"
The EU has indeed learned nothing and is happy. Isn't that close to the ur-definition of idiot?
The Joke is that the car can not be delivered in the morning because that is the day his new washing machine is being delivered and he will be busy installing the washing machine.
I recall a late-night chat with a friend (and collector of all kinds of things from the UK) when I travelled to attend a conference a few weeks ago: he pointed out, succinctly, that once taxes rise beyond a certain level, more and more people will resort to 'illicit', i.e., black market, means.
As you correctly point out, there is a marginal utility of tax rates (muahahahahahaha re all the economists of the world), which is a simple fact of live since times immemorial seemingly too far beyond the brain power of most people, be they politicos™, experts™, or journos™.
(As an aside, I suppose the maximum tax rates that may be levied on any given population are around a third of [insert timeframe of your choosing], for another third would be [insert timeframe again] consumption/upkeep, and the last third would be to prepare for the subsequent [insert timeframe once again]. Note that there's precious little left for conspicuous consumption, and since two thirds of [insert timeframe once again] income, widely understood, are earmarked for survival of the taxpayer, the maximum tax rate isn't very practical from any point of view as, say, levying the maximum takes away from upkeep, investment, or the taxpayer's ability to acquire stuff.)
Yes - all you really need to do, to understand that the problems inherent in taxation/lack thereof for any reason, are a feature of human civilisation beyond hunter-gatherer, is to look at the earliest states with with written records of taxation.
They all ran into the same problems, and we have the same problems as them:
->Expenditure always rises to whatever the level of state's income is, plus inflation plus X percent where X is anything from corruption to bad ideas impleneted because of "ego sic dico".
->People will try to do business in such ways they do not have to pay taxes above and beyond a level they deem fair, and this calculus is more emotional/cultural than rational/mathematical.
->The Laffer-curve is not a laughing matter.
->Taxing labour and trade beyond what is needed for enforcement of basic fiarness in deals and purchases/sales hurts the market economy more than it generates gains.
->Taxing ownership of any kind of asset/property on the basoc or mass-level of the population hurts the economy; taxing excessive ownership causes rich people to move their assets away.
->Hungry, homeless, and forlorn masses are a recipe for revolution.
Et cetera. One need read no more than the notes made by Octavian, on what he found problematic about ruling Rome to understand socio-economics.
What you are describing is very compelling, likely it is the new mechanism put in place to maximize how much money the EU will be able to gather for their new Ponzi scheme, and minimize or eliminate, any escape route available. Christine Lagarde has already warned that if a such escape route exists, people will use it. Therefore, you need all the new powers you can possibly get before you unleash the coming storm on the EU citizenry.
There is no doubt that the EU will effectively transfer part of the private savings in an “investment in Europe”. The proportion of private savings forced in this new “investment opportunity”, is still unknown but a minimum of 10% sounds realistic. Plus, this “investment opportunity” may possibly be repeated over time by the ECB. Now, for the mechanism, it will be done through the issuance of debentures exchanged directly against the assets in cash or, in crypto assets. These debentures will have no secondary market, meaning that holders will be unable to sell them on the open market. These debentures will bear a low fixed interest rate payable once a year by the ECB. The same ECB will be the only agent authorized to buy back these debentures and the ECB may, at its discretion, proceed with a buy back once a year and for a total amount at its discretion. The scheme will trigger a very serious inflation as one of your reader pointed out in a previous posting, explaining the inflation of the Weimar Republic which was the consequence of the issuance of German bonds, equal to 10% of the cash held in bank accounts. There is no reason to believe that the ECB will be able to avoid a very high inflation since this issuance of debentures will be at the EU scale. Just imagine the inflation in a country like Germany, already falling in a deeper and deeper state of permanent stagflation or, the shock on countries like Greece and Bulgaria, who are poor compared to their Northern counterparts.
Consequences? Massive unemployment and inflation, and for the Happy Few, they will enjoy the Cantillon Effect. Those close to the ECB will receive the money gathered and likely, they will purchase hard assets outside the EU. As for the ECB, every time it will proceed with a repurchase of these debentures, the ECB will pay the nominal amount but, the inflation will be so high that the holders will at the end, be receiving next to nothing, payable in digital Euro. Now, it is reasonable to argue that my ramblings are just ramblings and nothing else. Plus, what do I know about important people taking important decision? But it sounds reasonable to think that the EU and the ECB are going in that direction.
Ramblings and tinfoil hat stuff, that's where this little newsletter began almost 5 years ago--and look at us now:
Now, it is reasonable to argue that my ramblings are just ramblings and nothing else. Plus, what do I know about important people taking important decision? But it sounds reasonable to think that the EU and the ECB are going in that direction.
here is a post I made in April 2012 when I first heard about bitcoin. I went on to look into it and discovered it was run by the committee of 300 and the plan was to let people buy it and inflate it so the people got capital gains....and then when they did not pay their capital gains taxes they could be prosecuted for tax evasion. That would make anyone who bought bitcoin a very compliant sheeple.
Well, anyone who understands how a 'tax declaration' works should be able to understand what the crypto hype is all about: it's probably the first global entrapment scheme.
Europe can’t even put a woman in jail for a false rape allegation.
Europe can’t put a woman in jail for stealing money.
Europe can’t put a woman in jail for perjury.
But Europe most certainly CAN PUT A MAN IN JAIL FOR NOT VOLUNTEERING TO PAY THE VOLUNTARY AMOUNTS COMMON CALLED ALIMONY AND CHILD SUPPORT.
I have been on facebook for a few days because a woman was killed in Ireland and another one killed in Australia. I am pointing out to the women that provoking men is dangerous and when you provoke a man he might just kill you. Of course, they have hated on me and lied about me and censored me.
But they all agree that women can commit any level of crimes they like and men simply have to tolerate it. Europe is not competitive and never will be competitive with China because Europe, at the EU parliament level and every national parliament level, supports womens crimes against men.
When men have no property rights secured? They stop working in excess of their own needs. We are seeing men leave the work force all over the western world because there is no point working any more. You don’t get to keep what you earned.
In the end it will turn into the dystopia the Ukraine was in 1932-33 when an estimated 4 million people starved to death in the Ukraine alone. When women stop working socks do not get their holes mended. When men stop working millions of people starve to death. It’s a bit different.
It's quite true--an acquaintance of mine (male) who's currently in a custody battle with his ex partner over their child recently told me that she's been alleging, to 'child protective services' (whose case officer notified police), that he's been 'using drugs'. So he was mandated to undergo drug testing and, upon these tests coming back negatively, she didn't suffer any consequences as to, e.g., her standing in family court or whatever.
True enough, I only know his side of the story, but I suppose I don't have to tell you how close this episode is to reality-as-is.
Plus that acquaintance of mine is still battling in court …
They have learned nothing, and they will be happy?
Make it pointless to work, invest, save, build. create and people will stop doing that. Instead, we will have the same kind of charming-yet-tragic Black Markets as we did in the days of the East Bloc, and the same kind of planned command economy, in the end:
"Comrade-Distributor, I came to ask when the car I signed up for will be delivered?"
"Ah, Comrade-Citizen, let me see . . . yes, in 2045, 13th of January, 1045 in the am it will be delivered to your domicile."
"Oh no, Comrade-Distributor! That won't work - that's before the Comardes-Constructionists complete the garage in 2052!"
Or something like that, it's an old Soviet joke.
As I mentioned about berry picking and taxes - there's a very low upper limit to how much you may ear. Now, if we get an upper limit to how much cash you can spend in X time, then buying & selling will use different mediums:
Exchange of services, something that simply cannot be properly monitored unless you make it illegal for people do things outside of scheduled and planned corporatestate-monitored places and environments.
Or as my students had to wrap their heads around:
"How much are you willing to make your idea cost, bedire accepting there's something wrong with it?"
The EU has indeed learned nothing and is happy. Isn't that close to the ur-definition of idiot?
The Joke is that the car can not be delivered in the morning because that is the day his new washing machine is being delivered and he will be busy installing the washing machine.
Yes! That's the one - I have a whole book of them somewhere, but memory - alas and alack!
Yep, communism is a bad thing for the people but very good for those in charge. That's why we have it.
I recall a late-night chat with a friend (and collector of all kinds of things from the UK) when I travelled to attend a conference a few weeks ago: he pointed out, succinctly, that once taxes rise beyond a certain level, more and more people will resort to 'illicit', i.e., black market, means.
As you correctly point out, there is a marginal utility of tax rates (muahahahahahaha re all the economists of the world), which is a simple fact of live since times immemorial seemingly too far beyond the brain power of most people, be they politicos™, experts™, or journos™.
(As an aside, I suppose the maximum tax rates that may be levied on any given population are around a third of [insert timeframe of your choosing], for another third would be [insert timeframe again] consumption/upkeep, and the last third would be to prepare for the subsequent [insert timeframe once again]. Note that there's precious little left for conspicuous consumption, and since two thirds of [insert timeframe once again] income, widely understood, are earmarked for survival of the taxpayer, the maximum tax rate isn't very practical from any point of view as, say, levying the maximum takes away from upkeep, investment, or the taxpayer's ability to acquire stuff.)
Yes - all you really need to do, to understand that the problems inherent in taxation/lack thereof for any reason, are a feature of human civilisation beyond hunter-gatherer, is to look at the earliest states with with written records of taxation.
They all ran into the same problems, and we have the same problems as them:
->Expenditure always rises to whatever the level of state's income is, plus inflation plus X percent where X is anything from corruption to bad ideas impleneted because of "ego sic dico".
->People will try to do business in such ways they do not have to pay taxes above and beyond a level they deem fair, and this calculus is more emotional/cultural than rational/mathematical.
->The Laffer-curve is not a laughing matter.
->Taxing labour and trade beyond what is needed for enforcement of basic fiarness in deals and purchases/sales hurts the market economy more than it generates gains.
->Taxing ownership of any kind of asset/property on the basoc or mass-level of the population hurts the economy; taxing excessive ownership causes rich people to move their assets away.
->Hungry, homeless, and forlorn masses are a recipe for revolution.
Et cetera. One need read no more than the notes made by Octavian, on what he found problematic about ruling Rome to understand socio-economics.
What you are describing is very compelling, likely it is the new mechanism put in place to maximize how much money the EU will be able to gather for their new Ponzi scheme, and minimize or eliminate, any escape route available. Christine Lagarde has already warned that if a such escape route exists, people will use it. Therefore, you need all the new powers you can possibly get before you unleash the coming storm on the EU citizenry.
There is no doubt that the EU will effectively transfer part of the private savings in an “investment in Europe”. The proportion of private savings forced in this new “investment opportunity”, is still unknown but a minimum of 10% sounds realistic. Plus, this “investment opportunity” may possibly be repeated over time by the ECB. Now, for the mechanism, it will be done through the issuance of debentures exchanged directly against the assets in cash or, in crypto assets. These debentures will have no secondary market, meaning that holders will be unable to sell them on the open market. These debentures will bear a low fixed interest rate payable once a year by the ECB. The same ECB will be the only agent authorized to buy back these debentures and the ECB may, at its discretion, proceed with a buy back once a year and for a total amount at its discretion. The scheme will trigger a very serious inflation as one of your reader pointed out in a previous posting, explaining the inflation of the Weimar Republic which was the consequence of the issuance of German bonds, equal to 10% of the cash held in bank accounts. There is no reason to believe that the ECB will be able to avoid a very high inflation since this issuance of debentures will be at the EU scale. Just imagine the inflation in a country like Germany, already falling in a deeper and deeper state of permanent stagflation or, the shock on countries like Greece and Bulgaria, who are poor compared to their Northern counterparts.
Consequences? Massive unemployment and inflation, and for the Happy Few, they will enjoy the Cantillon Effect. Those close to the ECB will receive the money gathered and likely, they will purchase hard assets outside the EU. As for the ECB, every time it will proceed with a repurchase of these debentures, the ECB will pay the nominal amount but, the inflation will be so high that the holders will at the end, be receiving next to nothing, payable in digital Euro. Now, it is reasonable to argue that my ramblings are just ramblings and nothing else. Plus, what do I know about important people taking important decision? But it sounds reasonable to think that the EU and the ECB are going in that direction.
Ramblings and tinfoil hat stuff, that's where this little newsletter began almost 5 years ago--and look at us now:
Now, it is reasonable to argue that my ramblings are just ramblings and nothing else. Plus, what do I know about important people taking important decision? But it sounds reasonable to think that the EU and the ECB are going in that direction.
A wise man once said so.
Hi Epimetheus,
here is a post I made in April 2012 when I first heard about bitcoin. I went on to look into it and discovered it was run by the committee of 300 and the plan was to let people buy it and inflate it so the people got capital gains....and then when they did not pay their capital gains taxes they could be prosecuted for tax evasion. That would make anyone who bought bitcoin a very compliant sheeple.
https://www.happierabroad.com/forum/viewtopic.php?p=80982#p80982
Well, anyone who understands how a 'tax declaration' works should be able to understand what the crypto hype is all about: it's probably the first global entrapment scheme.
Yep.
Europe can’t even put a woman in jail for a false rape allegation.
Europe can’t put a woman in jail for stealing money.
Europe can’t put a woman in jail for perjury.
But Europe most certainly CAN PUT A MAN IN JAIL FOR NOT VOLUNTEERING TO PAY THE VOLUNTARY AMOUNTS COMMON CALLED ALIMONY AND CHILD SUPPORT.
I have been on facebook for a few days because a woman was killed in Ireland and another one killed in Australia. I am pointing out to the women that provoking men is dangerous and when you provoke a man he might just kill you. Of course, they have hated on me and lied about me and censored me.
But they all agree that women can commit any level of crimes they like and men simply have to tolerate it. Europe is not competitive and never will be competitive with China because Europe, at the EU parliament level and every national parliament level, supports womens crimes against men.
When men have no property rights secured? They stop working in excess of their own needs. We are seeing men leave the work force all over the western world because there is no point working any more. You don’t get to keep what you earned.
In the end it will turn into the dystopia the Ukraine was in 1932-33 when an estimated 4 million people starved to death in the Ukraine alone. When women stop working socks do not get their holes mended. When men stop working millions of people starve to death. It’s a bit different.
It's quite true--an acquaintance of mine (male) who's currently in a custody battle with his ex partner over their child recently told me that she's been alleging, to 'child protective services' (whose case officer notified police), that he's been 'using drugs'. So he was mandated to undergo drug testing and, upon these tests coming back negatively, she didn't suffer any consequences as to, e.g., her standing in family court or whatever.
True enough, I only know his side of the story, but I suppose I don't have to tell you how close this episode is to reality-as-is.
Plus that acquaintance of mine is still battling in court …
Yes, this is what happens when you let women out of the kitchen. They steal everything they can lay their hands on.