Canada loses 51,600 jobs in August, pushing up unemployment rate

MHz

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MHz

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Cap the income for the the top at $1M (income expenses cover business expenses) and the money saved goes to the lowest on the pay-scale. Since that would bring sanctions by the parent company you also have to take over the stock market as well and any money made in the country stays in the country.
France and Israel are the two nations who jump the highest at orders from the bankers, unless you are willing to go all the way it is healthier to allow the control to go where they have already determined it will go. They will eventually stumble and fall all on their own.
 
White_Unifier

White_Unifier

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MHz said:
Cap the income for the the top at $1M (income expenses cover business expenses) and the money saved goes to the lowest on the pay-scale. Since that would bring sanctions by the parent company you also have to take over the stock market as well and any money made in the country stays in the country.
France and Israel are the two nations who jump the highest at orders from the bankers, unless you are willing to go all the way it is healthier to allow the control to go where they have already determined it will go. They will eventually stumble and fall all on their own.
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I actually would support a legal personal wealth cap beyond which the Government of Canada could claim it. I'd start high though, maybe at a billion dollars. They might just invest more in their business, give more to charity, etc. to stay within that maximum, but even those actions could benefit Canada.
 
captain morgan

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White_Unifier said:
I actually would support a legal personal wealth cap beyond which the Government of Canada could claim it. I'd start high though, maybe at a billion dollars. They might just invest more in their business, give more to charity, etc. to stay within that maximum, but even those actions could benefit Canada.
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France tried it and it has been a dismal failure.. A 75% tax rate on income over 1 million Euros.The result is that the wealthy have moved their cash out of France and are thereby supporting (via the tax base) neighboring countries.

But hey, if you want to stick it to Da Man and strike a blow for The People, go on and do it, but just don't bitch about how shitty things are when there's no new money in the system
 
White_Unifier

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captain morgan said:
France tried it and it has been a dismal failure.. A 75% tax rate on income over 1 million Euros.The result is that the wealthy have moved their cash out of France and are thereby supporting (via the tax base) neighboring countries.
But hey, if you want to stick it to Da Man and strike a blow for The People, go on and do it, but just don't bitch about how shitty things are when there's no new money in the system
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That's why I proposed capping it at a billion dollars and limiting it to personal wealth only and not business wealth. That would allow a billionaire plenty of maneuverability by just investing more in his business so as to increase his business assets so as to reduce his personal wealth. That would actually encourage more investment as a way to avoid taxes.
 
MHz

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You should be more concerned with the 106% tax on printing money instead of it being the 6% taxable income that is should be. They can be fired and you can make more money when only the rich and corporations pay interest on their loans. That is 99% of all banking transactions so why shouldn't they pay the fees a banks runs up over the year?

Money created out of thin air has no expenses and it is done 10 times by every bank as they only need 10% cash on hand.
Make 'money' an essential utility and most of the problems are solved. What will they do, quit and have no other income?

I would favor a debit card be issued at birth with the amount a person needs to reach 'old age' and have any surplus go back to the 'pool'. (including 'babysitting fees; to mom and dad. More $$$ if it is the smarter one that stays home.

At some point where a person is born will be a big hint as to what his future will be and how much it will cost him and how much he will make can be estimated and the longer that happens the better the predictions will be. It eliminates the advantages that go with 'inherited money' rather than 'natural talents'.
 
White_Unifier

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petros said:
Hence the term "income tax" rather than "asset tax".
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I would actually prefer a personal wealth tax since it means a lower tax rate. For example, a 20% tax on accumulated personal wealth minus personal assets and debt would be nothing compared to a 20% income tax since even a wealthy person will not convert all of his income into assets (such as eating out at a restaurant, watching a concert, traveling, etc.).
 
petros

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White_Unifier said:
I would actually prefer a personal wealth tax since it means a lower tax rate. For example, a 20% tax on accumulated personal wealth minus personal assets and debt would be nothing compared to a 20% income tax since even a wealthy person will not convert all of his income into assets (such as eating out at a restaurant, watching a concert, traveling, etc.).
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Why? How the f-ck would you be able to save for retirement?
 
MHz

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petros said:
We owe the World Bank? Are you sure it's not domestic institutions?
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Quite sure.
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