The concept of a Debit Tax (i.e. a small tax on all financial transactions of 0.7%) is well researched and documented. Variations of this tax have names such as the Tobin tax, the Wall Street sales tax, the securities transfer tax, and even the “Robin Hood” tax. The Tax Resources section below contains some links to related sites.
If these transaction are a part of a bank it actually doesn't as it denies people true representation of wealth by supporting bank transactions monies thats backed by a finite resource such as gold with interest attached I'm presuming ,a tax such as this is unsustainable simply . You are condemning us to monetary failure with other people words that haven a clue on economics mightymegaphone, indeed you seem to be a part of the problem now.
@MightyMegaPhone Mathematically Perfected Economy™ *IS* the only "resource" (production) based economy -- and it's the only fact of actual, just, sustainable economy, because it is the *only* integral solution of the categoric faults of conventional, pretended economy (purposed exploitation).
A one stop tax is no solution ,what you are proposing is regulation which is a big difference to solution , Regulation can only temper an inherently terminal process which you can not or refuse to see..
This doesn't mean gold backed money makes it right either because the gold is a finite resource & any intrinsic money can be manipulated through any market today. under MPE ,NO INTEREST & RETIRING PRINCIPAL after its repayed with a fiat based currency backed by MPEs simple 1.1.1 basis rule where all debt is equal or not exceeding the amount of remaining circulation & remaining value of property hence removing ALL manipulation, inflation/deflation & all the symptoms in todays false SLAVE economy
The problem with this video is that it jumps into how banks work from the middle. If you start looking at the banking process from the moment a borrower signs a promissory note, then of course it appears that banks create money and credit out of nothing, but that completely ignores the depositors who start the ball rolling.
watch?v=SCw086369P8
The video does correctly critique the fact that money itself is back by nothing, and that makes it easy for govts to run up massive deficits.
@MrPloppy1 We cant start & finish here in 2011 not in the1800s you just lost the debate.Grow a brain see 1;44 on your video.In reality today the bank has no money they just fraudulently publish evidence of our money NOTHING MORE.Debts out way the deposits so its worth no consideration of value for starters especially if large deposits are offshored.Today Money is NOT created by fractional multiplication of digits or "GOLD" in ones deposit account ,Today money is created with a promissory note .
Is this a better idea? Debit Tax
The concept of a Debit Tax (i.e. a small tax on all financial transactions of 0.7%) is well researched and documented. Variations of this tax have names such as the Tobin tax, the Wall Street sales tax, the securities transfer tax, and even the “Robin Hood” tax. The Tax Resources section below contains some links to related sites.
MightyMegaPhone 1 year ago
@MightyMegaPhone Is this a better idea? Debit Tax
If these transaction are a part of a bank it actually doesn't as it denies people true representation of wealth by supporting bank transactions monies thats backed by a finite resource such as gold with interest attached I'm presuming ,a tax such as this is unsustainable simply . You are condemning us to monetary failure with other people words that haven a clue on economics mightymegaphone, indeed you seem to be a part of the problem now.
chotaboy66 1 year ago
@MightyMegaPhone Mathematically Perfected Economy™ *IS* the only "resource" (production) based economy -- and it's the only fact of actual, just, sustainable economy, because it is the *only* integral solution of the categoric faults of conventional, pretended economy (purposed exploitation).
A one stop tax is no solution ,what you are proposing is regulation which is a big difference to solution , Regulation can only temper an inherently terminal process which you can not or refuse to see..
chotaboy66 1 year ago
This doesn't mean gold backed money makes it right either because the gold is a finite resource & any intrinsic money can be manipulated through any market today. under MPE ,NO INTEREST & RETIRING PRINCIPAL after its repayed with a fiat based currency backed by MPEs simple 1.1.1 basis rule where all debt is equal or not exceeding the amount of remaining circulation & remaining value of property hence removing ALL manipulation, inflation/deflation & all the symptoms in todays false SLAVE economy
chotaboy66 1 year ago
The problem with this video is that it jumps into how banks work from the middle. If you start looking at the banking process from the moment a borrower signs a promissory note, then of course it appears that banks create money and credit out of nothing, but that completely ignores the depositors who start the ball rolling.
watch?v=SCw086369P8
The video does correctly critique the fact that money itself is back by nothing, and that makes it easy for govts to run up massive deficits.
MrPloppy1 1 year ago
@MrPloppy1 We cant start & finish here in 2011 not in the1800s you just lost the debate.Grow a brain see 1;44 on your video.In reality today the bank has no money they just fraudulently publish evidence of our money NOTHING MORE.Debts out way the deposits so its worth no consideration of value for starters especially if large deposits are offshored.Today Money is NOT created by fractional multiplication of digits or "GOLD" in ones deposit account ,Today money is created with a promissory note .
chotaboy66 1 year ago
Comment removed
MrPloppy1 1 year ago