The solution for the world economic crisis

[eanassir]

America and Europe now face an economic trouble: At the start USA suffered. Then Spain, Greece, then Italy.

Suggestions for the solution of the ecomic crisis:
1- take 20% tax from the rich people.
2- remove all other taxes.
3- remove (the usury): the interest rate.

 

[JLM]

America and Europe now face an economic trouble: At the start USA suffered. Then Spain, Greece, then Italy.

The solution of the ecomic crisis:
1- take 20% tax from the rich people.
2- remove all other taxes.
3- remove (the usury): the interest rate.

Who are the rich people? W.T.F. is going to invest money if they don't make any interest? How do you plan to pay for services?

 

[eanassir]

Who are the rich people?

The 20% tax (or the fifth)
It is to be taken from everyone getting money much more than his annual requirement: In Iraq the year 1965 it was estimated by the late interpreter that it is every gain of 50 Iraqi dinars or more (at that time the dinar equalled 3 dollars, and the dollar at that time was a powerful currency not like it is today.) This means any gain more than about 150 dollars or more at the year 1965.

It is taken from the owners of factories, companies, mines, large supermarkets ...etc if they gain much more than their requirements.

If one finds a treasure --> he has to pay the fifth or 20% of his treasure.
If one finds a mine and exploits it and it gives him much money gain --> he has to pay the fifth or 20% of his gain.
If a man had a company or trade and all of a sudden he gets much increase gain out of his work --> he has to pay the fifth or 20% of his gain.
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The distribution of the "fifth" tax

It is mentioned in the Quran 8: 41

وَاعْلَمُواْ أَنَّمَا غَنِمْتُم مِّن شَيْءٍفَأَنَّ لِلّهِ خُمُسَهُ وَلِلرَّسُولِ وَلِذِي الْقُرْبَى وَالْيَتَامَىوَالْمَسَاكِينِ وَابْنِ السَّبِيلِ إِن كُنتُمْ آمَنتُمْ بِاللّهِ وَمَاأَنزَلْنَا عَلَى عَبْدِنَا يَوْمَ الْفُرْقَانِ يَوْمَ الْتَقَى الْجَمْعَانِوَاللّهُ عَلَى كُلِّ شَيْءٍ قَدِيرٌ

Theexplanation:

(And know that anything you [Muslims] seize as a spoil; a fifth of it is due to [6 shares]:

God [this share is spent for the mosques],
and the apostle [this share is given to the oraters in mosques],
and the kindred [this share is given to the poor among your relatives]
and orphans,
and the needy
and the wayfarer;
if you believe in God [and His reward and punishment] and [in the revelation and victory] that We have revealed to [Mohammed:] Our servant on the day of the 'Furqan' [: or the revelation of frequent portions of Quranic ayat]; the day when the two parties [: the Muslims and the idolaters] met [to fight]; and God is All-Able to do anything [: so that He will make you victorious if you obey God and the messenger, and will forsake you if you disobey.] )

http://www.quran-ayat.com/shabaha/8.htm#41

The interpreter said: If you sell something by 200 dinars,then you sell it few days later by 250 dinars then you have gained 50 dinars,so you have to pay 10 dinars as the fifth tax; and as such every gain which youdo not make any effort in gaining it you have to pay its fifth. This is after you take out of it, your requirement for 3 months, then from the rest you take one fifth and expend it for the sake of God in six shares as explained above.

 

[GlobalThinker]

This solution sounds very communist. JLM raises a great point. Taxing the rich, although a good idea, will mean no newer investments. Get past this hurdle and you've got a foolproof plan on your hands.

 

[captain morgan]

This solution sounds very communist. JLM raises a great point. Taxing the rich, although a good idea, will mean no newer investments. Get past this hurdle and you've got a foolproof plan on your hands.

The problem is that the socialists are in a perpetual state of redefining 'wealthy' in order to finance their utopic ideals.

As JLM pointed-out, as fewer and fewer "wealthy" individuals elect to reinvest in private businesses, the brunt of the societal costs get passed down the line to white collar workers and later the blue collar demographic.

 

[JLM]

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And how is this going to be enforced?
Religion and finance are two separate entities and you should keep them separate! :smile:

 

[petros]

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And how is this going to be enforced?
Religion and finance are two separate entities and you should keep them separate! :smile:

Look into New Zealand in the late 80's early 90's and how they took care of their near bankruptcy.

 

[eanassir]

Who should pay this 20% tax?

In fact it is not the rich, as some imagin, the billionaires only.

Any work that gives a good gain which is more than enough to the essential requirement of the worker or the owner of that shop or factory ...etc. Such gain that comes in surplus without his toiling to get it --> it deserves the "fifth" or the 20% tax.

This is of course after taking into consideration the repaying of his debts if he is indebted, and the renting money if he rents his shop or place of work.

E.g. if a man owns many houses and he rents them to others, so he gets a considerable money from his renting to others, then the surplus more than his essential requirement, if it is more than a certain limit of money, the one fifth or the 20% tax will be due to be taken from him.

Another e.g. : A trade which all of a sudden becomes profitable and giving him a large sum of money --> the 20% tax is due out of him.

Or a factory, and this factory produces some manufacture that gives the owner or the associates in that factory, a large sum of money considerably more than their requirements --> the 20% tax then is due of them (of course after paying their debts and the renting sum of money of their shop or work place.)

Even, if an official who gets a considrable salary, and this official has his house owned by him, and his salary is considerably more than his essential requirements, then the surplus of his requirement deserves the 20% tax.

A clinic or supermarket that gives a considerable surplus more than the essential requirements, the surplus one fifth is to be taken as a tax.

It is not to be taken of one whose requirements are more than what he gains: even if he owns a company or a factory, neither should it be taken from one that is indebted because his debt has to be repaid beforehand.

تفسير سورة الأنفال

 

[Corduroy]

Here are my suggestions:

1) Unionize all industry
2) Replace corporate ownership with union ownership
3) Execute the Czar

 

[eanassir]

The interpretation of the aya ofthe “fifth” 8: 41
(by the late interpreter of the Quran and Bible: Mohammed-Ali Hassan Al-Hilly)


وَاعْلَمُواْأَنَّمَا غَنِمْتُم مِّن شَيْءٍ فَأَنَّ لِلّهِ خُمُسَهُ وَلِلرَّسُولِ وَلِذِيالْقُرْبَى وَالْيَتَامَىوَالْمَسَاكِينِ وَابْنِ السَّبِيلِ إِن كُنتُمْ آمَنتُمْبِاللّهِ وَمَاأَنزَلْنَا عَلَى عَبْدِنَا يَوْمَ الْفُرْقَانِ يَوْمَ الْتَقَىالْجَمْعَانِ وَاللّهُ عَلَى كُلِّ شَيْءٍ قَدِيرٌ


The explanation:

(And know that anything you [Muslims] seize as a spoil) [of the property of the idolaters in the war; and this includes also every big gain of money which is 50 dinars or more [this was according to the estimation of money value around the year 1965 in Iraq];

This includes also every gain which comes without toiling: e.g. if you buy some goods for 200 dinars, then after some days you sell it for 250 dinars, then youhave gained from it 50 dinars, therefore you must take 10 dinars out of these50 dinars and expend it [according to its ways of expenditure as will beexplained.]

Or you find some ancient monument which you sell for 100 dinars, then you have to take20 dinars out of this 100 to expend it [in the way it is stated.]

Or you find a mine of some elements and you take an allowance from the government to exploit it or you rent it then you gained a large sum of money, then you have to take out of your gain, the fifth to expend it in its due ways.

Or you have a factory for some manufacture of which you gained large gain, so you have to take one fifth out of your gain to expend it.

Or you have many possessions of which renting you get a considerable sum of money, then you have to exclude out of this your requirement for 3 months, then take the fifth of the rest to expend it [in God’s way, as is it stated.]

And likewise, every gain of money that you obtain without toiling and difficulty, you have to take out of it one fifth to expend it.

Then He –be glorified – explained the distribution of this one fifth:

(a fifth of it is [to be divided into 6 shares which are] due) :

>> to God [this share is to be spent on the mosques and charityhospitals],
>> and the apostle [this share of the apostle is to be spent on the orators and sheikhs in mosques, and the teachers ands tudents in religious schools],
>> and the kindred [this share is to be spent on the poor among your relatives]
>> and orphans [every orphan among your relatives, neighbors, or others if no orphan is with your neighbors, whom you know to deserve this money]
>> and the needy [the poor whom you know to be in need],
>> and the wayfarer [: the traveller who is away from his family, and this includes also the guest because he is travelling away from his family];

So these are six shares [i.e. if the one fifth is 6 dinars, then you divide it into sex shares and give one dinar to each of these groups above], and you are not allowed to give only to one of these and leave the rest, neither are you allowed to give it to anyone to expend it instead of you, unless you are certain about his honesty; because he may take it to himself.


(if you believe in God) [and His reward and punishment]

and [in the revelation and victory]

that We have revealed to [Mohammed:] Our servant on the day of the 'Furqan' [: or the revelation of frequent portions of Quranic ayat];

the day when the two parties [:the Muslims and the idolaters] met [to fight];

and God is All-Able to do anything [:so that He will make you victorious if you obey God and the messenger, and will forsake you if you disobey.] )

http://www.quran-ayat.com/shabaha/8.htm#41

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Comment:

This "fifth" tax is stated by God to be spent in its due way of expenditure, and it is not allowed that it is given to an ungodly government which may use it for its military purposes to fight Muslims or to spread its wrong-doing and transgression on peoples and nations.

So if they want to make their economy better they have to curtail their military expenditure and use the tax money for the welfare of people, and then they may prosper or else they will certainly deteriorate and break down.

 

[mentalfloss]

Pop out (remove) the egg yolks to a small bowl and mash with a fork. Add mayonnaise, mustard powder, vinegar, salt and pepper and mix thoroughly. Fill the empty egg white shells with the mixture and sprinkle lightly with paprika.​

Cover lightly with plastic wrap and refrigerate for up to one day before serving.​

 

[SLM]

Pop out (remove) the egg yolks to a small bowl and mash with a fork. Add mayonnaise, mustard powder, vinegar, salt and pepper and mix thoroughly. Fill the empty egg white shells with the mixture and sprinkle lightly with paprika.



Cover lightly with plastic wrap and refrigerate for up to one day before serving.​

Random.

I like that.

(Side note: I like the new avatar. You shall henceforth be known as The Dude. )

 

[mentalfloss]

Random.

I like that.

(Side note: I like the new avatar. You shall henceforth be known as The Dude. )

I will clink to that.

 

[SLM]

I will clink to that.

It's a tad early in the day for me personally, but, as always, the Dude will abide.

 

[coldstream]

America and Europe now face an economic trouble: At the start USA suffered. Then Spain, Greece, then Italy.

Suggestions for the solution of the ecomic crisis:
1- take 20% tax from the rich people.
2- remove all other taxes.
3- remove (the usury): the interest rate.

20%!!.. the top marginal rate used to be 72%.. and especially for capital gains.. reinstate that for all income over $150M (with the SOLE exception of primary residence). Business taxes should apply only to retained earnings (after distribution of income to shareholders) and to any profits exported to foreign holdings, to encourage domestic investment. That would easily allow the removal of domestic sales taxes. Loan rates for such things as business and mortgages should be enough to cover the administrative costs of managing the loan, and a modest profit for the retail bank operation.. that's might be 3%.. strictly regulated. But that only begins to address the systemic problems associated with the Free Market paradigm.

Free Trade will have to be rescinded.. that does not mean there will be no trade.. but it means there will be a permanent system of protective tariffs sufficient to ensure a vital and integrated national industrial economy. A comprehensive system of financial regulation needs to be reinstated to eliminate almost all of the completely futile 'derivative' activity (all that is not specifically related to the trade of material goods), that is sapping the lifeblood out of the financial system.. and to control speculative investment.

Re-establish public ownership in all natural monopolies.. which only exist in areas of communication, transportation, energy and utilities which involve massive infrastructure costs to prevent redundancy of investment. There are more complex monetary solutions which will allow strict control of the money supply to control inflation and stabilize the currency.. but essentially we had a system that works from 1946 - 1971.. the Classic Liberal Economic System.. that of Adam Smith's Free Trade and Monetarism which usurped it at that time.. is in a state of collapse. We will have financial shocks every 18 - 36 months from now on, each more cataclysmic than the prior until the whole rotten structure collapses.

 

[petros]

mmmmmm a white russian

Carbon taxes will save us all from debt and other various other forms of b u l l s h i t.

 

[coldstream]

I don't think any solution will come while we are in the thrall of frauds like AGW..which is deeply related to a collapse of confidence in human destiny. Essentially a collapse of faith. We see it everywhere, in public policy, in the streets, in commercial culture, in the debasement of arts and sciences. It's become mass confusion, a wild carnival, a 'Fin de Siecle' orgy.

I go back and forth as to whether we are in some kind of Millennial Epoch. A long chaotic period of intense disorder, conflict and depopulation.. of the rule of death cults. A dark age. In that case, there will be no solution. We will be in the grip of eschatological events until a New Order establishes itself.

It will, however, ultimately lead to the re-establishment a regime of reason and Truth as the predominate ethos. But that could take centuries.

The only thing for sure about that.. is the outcome will have NOTHING to do with Islam. :wink:

 

[eanassir]

20%!!.. the top marginal rate used to be 72%.. and especially for capital gains.. shocks every 18 - 36 months from now on, each more cataclysmic than the prior until the whole rotten structure collapses.

You deserve it.

The only thing for sure about that.. is the outcome will have NOTHING to do with Islam. :wink:

As in a parable: Like the resentment of the sparrow to a heap of wheat.

 

[eanassir]

Buying the gold and silver

When there is economic crisis and the dollar currency will not be confidential, people will resort to buying gold and silver, which will worsen the situation.

While hoarding up the gold and silver is not allowed according to the Quran, and it is a primary sin which will lead man to Hell, if he does not expend his money in the way of God or for the sake or cause of God.

(34. Believers, [beware of rabbis and monks; because] many of the [Jewish] rabbis and the [Christian] monks devour the wealth of people without right and hinder [people] from God's way.

And they who hoard up gold and silver and expend them not for the sake of God – foretell them the tidings of a grievous chastisement [in the afterlife.]

35. On the day when such [gold and silver] shall be heated in the fire of Hell, and their foreheads and their flanks and their backs will be seared therewith! "This is [the recompense of the gold and silver] that you stored up for yourselves; taste then [the chastisement of the gold and silver] that you used to hoard.)



The above between brackets is the explanation of theQuran 9: 34-35

يَا أَيُّهَا الَّذِينَ آمَنُواْ إِنَّ كَثِيرًا مِّنَ الأَحْبَارِوَالرُّهْبَانِ لَيَأْكُلُونَ أَمْوَالَ النَّاسِ بِالْبَاطِلِ وَيَصُدُّونَ عَن سَبِيلِاللّهِ وَالَّذِينَ يَكْنِزُونَ الذَّهَبَ وَالْفِضَّةَ وَلاَ يُنفِقُونَهَا فِي سَبِيلِاللّهِ فَبَشِّرْهُم بِعَذَابٍ أَلِيمٍ .​

يَوْمَ يُحْمَى عَلَيْهَا فِي نَارِ جَهَنَّمَ فَتُكْوَى بِهَاجِبَاهُهُمْ وَجُنوبُهُمْ وَظُهُورُهُمْ هَذَا مَا كَنَزْتُمْ لأَنفُسِكُمْ فَذُوقُواْمَا كُنتُمْ تَكْنِزُونَ​

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[JLM]

Buying the gold and silver

When there is economic crisis and the dollar currencywill be not confidential, people will resort to buying gold and silver, whichwill worsen the situation.

While hording the gold and silver is not allowed accordingto the Quran, and it is a primary sin which will lead man to Hell, if he doesnot expend his money in the way of God or for the sake or cause of God.

(34. Believers,[beware of rabbis and monks; because] many of the [Jewish] rabbis and the[Christian] monks devour the wealth of people without right and hinder [people]from God's way.

And they who hoard up gold andsilver and expend them not for the sake of God – foretell them the tidings of agrievous chastisement [in the afterlife.]

35. On the daywhen such [gold and silver] shall be heated in thefire of Hell, and their foreheads and their flanks and their backs will beseared therewith! "This is [the recompense of the gold and silver]that you stored up for yourselves; taste then [the chastisement of the gold andsilver] that you used to hoard.)



The above between brackets is the explanation of theQuran 9: 34-35

يَا أَيُّهَا الَّذِينَ آمَنُواْ إِنَّ كَثِيرًا مِّنَ الأَحْبَارِوَالرُّهْبَانِ لَيَأْكُلُونَ أَمْوَالَ النَّاسِ بِالْبَاطِلِ وَيَصُدُّونَ عَن سَبِيلِاللّهِ وَالَّذِينَ يَكْنِزُونَ الذَّهَبَ وَالْفِضَّةَ وَلاَ يُنفِقُونَهَا فِي سَبِيلِاللّهِ فَبَشِّرْهُم بِعَذَابٍ أَلِيمٍ .​

يَوْمَ يُحْمَى عَلَيْهَا فِي نَارِ جَهَنَّمَ فَتُكْوَى بِهَاجِبَاهُهُمْ وَجُنوبُهُمْ وَظُهُورُهُمْ هَذَا مَا كَنَزْتُمْ لأَنفُسِكُمْ فَذُوقُواْمَا كُنتُمْ تَكْنِزُونَ​

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Jeeeeeeeeeeesus Keeeeeeeeeeerist............this is a problem that affects non religious people as much as anyone else...........to bring religion into it (and a foreign religion to boot) is just a sign of plain crass ignorance. STIFLE it will you. 8O

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JLM;1462301]Jeeeeeeeeeeesus Keeeeeeeeeeerist............this is a problem that affects non religious people as much as anyone else...........to bring religion into it (and a foreign religion to boot) is just a sign of plain crass ignorance. STIFLE it will you. 8O