Libertarians aren't the same as neocons. They're the opposite. Libertarians want to keep us out of foreign entanglements and neocons want to get us into more.
Governments may be lowering income tax and corporate tax but they are more than making up for it in other areas. Taxes as a whole could be reduced if the government took on less responsibilities. E.g. If governments gave an 80% rebate for all medical equipment, supplied all paramedics and ambulances but had no public hospitals, you'd have a much better emergency service, a much more efficient system and you'd save tax payers millions. Do a similar thing with education, welfare and the media too.
Did this dude just list as a reason we should allow it because people will do it anyway and do it illegally? With that logic stop war on drugs... leave immigrants be.
Many many flaws in this video, for example: OECD does not help countries double tax income, countries can double tax whenever they want if it weren't for the OECD model. I can understand that one is opposed to the rich countries' policy in the OECD, but don't go confusing people even more with inaccurate information!
Typical sales who sell water as individuals don't deserve anything of their own local resources unless their lives on the line. Simply make all Russia, US and China of tax heavens and see what would happen? We already have our military establishment, a tax heaven for the rich who don't need to manage army but using it as their privates.
I like driving on a road that's paved. I like camping at national parks. I enjoying drinking clean, safe water straight from the tap. I enjoy having a high quality of life.
If you hate paying taxes, move to Afganistan. Stop complaining, pay your taxes.
@eastexotic Well put. Ever heard of Free market environmentalism? It's a crack-pot idea by these people that think corporations should own everything to sell us happiness.
Denmark has the highest income taxes in Europe. The differences are we don't consume as much as Americans, we don't have as much complicated market system, and the sizes of our countries.
The Center for Freedom and Prosperity Foundation?! More like The Center for Freedom of Corporations to Prosper By Fucking You In The Anal.
i find it absolutely hilarious that Rupert Murdoch was a director at Cato Institute. You might as well take advice from Fox News.
@dipdapdup What a retard. You used the word 'stupid' in the same sentence as the number 2. Learn to speak english without using numbers as replacement.
Finance. LOL. Thats all you care about...MAKING MONEY FOR YOURSELF.
If Americans consume more than Denmark, then good for America. Maybe Denmark could lower its taxes a little and its citizens would be able to consume more too.
@Maxx4446 depends what you're consuming doesn't it, unless you think that the planet has endless resources to support the kind of lifestyles that Americans like you have got used to. Happiness isn't all about consumption.
First, I am not an American. Second, you have no idea how much I consume. Third, you imply that I am saying that happiness=consumption, which is false. Finally, you are implying that the world doesn't have the resources to sustain the level of consumption of the average American. That last point I will respectfully disagree. You need to consider the affects of innovation, technology, and recycling etc. An understanding of the economic field of Price Theory wouldn't hurt either.
@Maxx4446 sorry, wrongly assumed you were American. But I don't quite get why you think I know how much you personally consume. Obviously I have no idea about that. I don't understand why you think consumption, per se, is a good thing, unless you think it leads to increased happiness. I think that to see innovation and recycling as some kind of panacea to climate change is very naive. anyway, good luck, can't be bothered to continue this debate on a platform such as YouTube, waste of time.
I'm willing to change our debating platform if you are. If you observe that people are consuming more, do you suppose that they are consuming more in order to make themselves more or less happy? What solution to climate change is not naive? On the other hand, I do think governments are encouraging over consumption via stimulus packages, the artificial manipulation of interest rates, and inflating the currency etc.
@Riverama True. And if the money in tax havens was invested locally, everybody would pay far less in taxes and this extra money would be spent on goods and services supplied by the firms that previously had the money in tax havens!
However, I must point out that much of the money in tax havens is used for speculative purposes and not to create wealth for all.
Everyone should know the Cato institute was founded by the KOCH family. One of the wealthiest families in the country. They don't want to help poor or middle class, they want the rich to keep more of their money and poor to stay poor.
The Cato institute wants an OLIGARCHY(where the rich rule forever). They want the poor to stay poor forever! They don't want equality, they want the rich KOCH family to never loose any of their wealth to taxes. HOW MUCH DOES THE KOCH FAMILY WRITE OFF FOR CATO?
This man is working for the CATO institute, formed by the multi-billionaire KOCH family. He doesn't want to help people, he wants to F the middle class and poor.
The KOCH family has paid hundreds of millions in enviornmental fines, because it's cheaper than to do the right thing. They want the rich to rule and stay rich forever. Know who you are listening to. THE EVIL KOCH FAMILY!
LOL! I thought I smelt a rat when his gaspump analogy implied that the average steelworker could just go into finance if he wanted!
Turns out, he worked for The Heritage Foundation (funded by oil and weapons companies among others) and, before that, Citizens for a Sound Economy which wasn't a 'consumer group' but was 85% funded by major corporations (Washington Post report). Dan Mitchell is a Neo-Con who has warped his own definition of morality so he can sleep at night.
The guy in the video wants no taxes on his clients --- and they will use any twist of logic and bullshit to get that.
For example, he wants "flat tax" which isn't flat at all. It sounds as if everyone would pay the same percentage. Nonsense -- they want ZERO percentage on their income, but want ALL taxes paid by those who work for it, wages, business, self employed.,
It's interesting that he doesn't define what a tax haven is. Generally, tax havens have all of the following: low or nominal tax rates, secrecy of personal financial information, and lack of transparency. Low taxes by themselves doesn't mean its a tax haven because of residence based taxation rules. Tax havens like Switzerland enable investors to hide their financial assets from their resident countries thus perpetuating tax evasion. That's really the only reason why people use them!
Taxes are paid to finance the infrastructure, security, education, etc, of countries. There are individuals whose companies benefit from these services but do not want to pay taxes, instead of this, they send their profits to tax havens. This is not a good idea. The good idea is to pay taxes to finance better services in order to get more better profits.
If Mitchell is the guy on the video he must be paid by the word because he won't stop talking. He talks about a kind of economics that have proved to be mistaken and has caused the present crisis.
Is he? I can't hear him say anything about too low interest rate, bank guarantees, trade imbalance or anything! Better get my ears checked.
Unless ofcourse you mean -market-economy. And you'd rather have a -planned-economy, like north korea. Oh yes, you're right, they never got the crisis, looks like we've got a winner!
That is why it is called "a lecture". If you had paid a little more attention in your courses at university you might have gotten an education in economics.
Wow - I'd have loved to hear the moral case for tax havens, but there's a prob with the sound on this video.
Who holds the US $6 642 billion debt ? China, $1000bn ; Japan $976bn ; GB $500bn ; Luxembourg $469bn ; Caiman islds $461 ; Belgium $372bn ; Iran and Gulf states $169 bn no more space, but the list is interesting.
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cool are you retarded? Really -- are you fuching retarded?
Cause Mitchel, you fuching dumb ass, didn't say a word about consumption tax in this video idiot. And he is for a so called FLAT TAX - not - - not - a sales tax you moron.
No wonder you dumb ass Fairtax moonies have dwindled from 600,000 supporters, to a handful of moonies and dumb asses.
freedom law school has a 300,000 reward , prove to them that its a federal law that you have to pay taxes on your labor. look it up guys you might get rich!!
He's absolutely right. Look at the boom Dubai experienced and the numerous benefits for those who don't pay tax. It's not rocket science. And it's good to see someone stand up for something that is of benefit for everyone if only they heed and action this information.
Perhaps, but in the London reunion of the G-20 it has been decided to start controlling the tax havens and later on to keep them on a short leash. It was about time!
That's the typical answer of those who have nothing to say (you're a communist, a fascist, this or that,etc). I´ve my own property and I don't want it in the hands of the State. I can assure you I'm not a communist. But I contribute to the growth and welfare of the society I live in.
You can be all the sarcastic you want, but the welfare state has brought progress to the world. After more than two decades trying to erode it under the excuse that less welfare meant more corporate profits and therefore more progress, we can see that this neoliberal policy has led us to the most serious crisis the world has never known in modern times.
What brought us to this crisis is the central planning of money- central banking. The welfare state has actually grown tremendously since the Great Depression. The number of people on welfare continues to rise as well as people under the poverty line. Instead of letting working people keep the money they earn, statists want to take more away from everyone who earns to support the growing amount of dependents- viscous cycle. Most taxes are not corporate taxes.
You don't know what you are talking about. Welfare? Have you ever applied? The great myth about unemployment and welfare is that you can stay on those programs indefinitely. Way False! You start collecting welfare, you better either be looking for a job or training for a new one, cause you have about 3 months to collect. This is an old GOP myth. Same with unemployment. You are looking at 16 weeks at the most. Research facts please.
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1) Because uncontrolled capitalism caused so much suffering to people during the Great Depression,welfare had to be developed; if the number of people on welfare is growing is because more unemployed are under poverty line due to the neoliberal policies started by Reagan and these policies have led us to the present day crisis.
uncontrolled capitalism caused the Great Depression?....have you ever studied economics or are you just saying that shit because that's what you read in that government school textbook of yours? Ever studied business cycle theory or the effects on an economy that artificial credit creation does?...
"This crisis has got nothing to do with this theory"...you talk about it as if there was only one theory of business cycles...
Question: what is laissez faire about central banks? You claim it was uncontrolled capitalism that caused the Great Depression and this one...then would you please explain how uncontrolled capitalism is possible when money and credit are controlled by a central bank?
Central banks have become gradually autonomous since Reagan's time and have been applying neoliberal policies instead of keeping an eye on the banking system, as a result of it we have the financial mess we are in. Many people have lost millions because central banks didn't do their job.
Nice job dodging my question. I'll ask my questions again: what is free market about a central bank? Seriously, interest rates coordinate production across time. You should know this. The free market should set interest rates, not a CENTRAL bank. This is where the malinvestment comes from, because the god-makers that you worship at the central bank are setting interest rates which distort the economy. Keynes...really?... he was discredited long ago....
Economic fundamentalism, introduced in the early 1980's by the Chicago School, has now been undermined with the current financial crisis that has affected the real economy.For you the crisis is due to "market failures" and your solution is "more market" so if I'm not mistaken, you're trying to intrduce the Austrian School, another fundamentalist thought. No more experiments. The economic model must adapt to human needs and not humans to
First you attack the Chicago School, which I can't disagree with too much, but then you attack the Austrian School. You completely ignored my argument on the Austrian School's explanation for the business cycle and for the purpose of interest rates. "No more experiments" you say, but you haven't defined what "experiments" you're talking about or what that has to do with the Austrian school.
A government cartel of banks is not the free market. The spheres in which failure and fraud exist are government spheres. There is no issue in the real market. Small businesses are not burning to the ground.
"The spheres in which failure and fraud exist are government spheres"
Are you really sure?? And what's happening with the huge scandals in the private financial system which is affecting small business?? Where have you been living all this time? on a deserted island in the middle of the Pacific Basin?
The private financial system had to be intervened by governments due to the irresponsibility of financial executives who have brought the world economy on the brink of total collapse. Unfortunately tax havens are not all under control. I firmly believe they should disappear so that the money in them is invested in the real economy.
Wrong. Government backed mortgages brought the economy to the brink of collapse. As I said earlier: there is no private financial system. Maddoff was the founder of the nasdaq. The whole thing is one big government scam.
Your problem is that you dont even know what government is. The stuff it does right (hardly anything) you call government, and the stuff it does wrong you call private. When in reality the people who are in control (gov) made the mess and now they are making an even bigger one.
Look, mate, since the last 25 years governments all over the world have been giving power to the private sector. Reagan started this neoliberal policy with the result we know today. The private financial sector made the mess we are in today; the fault of governmente is to have allowed it.
I think governments MUST empower private organizations to run and manage our money, BUT always under the supervision of public authorities in order to prevent abuses by private financial managers, and to avert crisis like the present one.
So a family household has to decide on long term credits according with the interests set by the market every day! Do you want to add hell to the present chaos? I think psychiatric institutions have a great future if these theories become true!
@odalrich Your statement shows that you have no understanding, whatsoever, about how interest rates are set, let alone economics in general. Interest rates is a function, in a free market that is, of the supply and demand for money. If people save their money, the supply of loanable funds would increase, lowering interest rates, spurring people to borrow. If people do not save, interest rates would rise, spurring people to save to collect the offered interest rate on their savings. Continued...
@Boethius51250 As people borrow and save, the interest rate would fluctuate according to the supply and demand of money. When Central Banks artificially set interest rates (and create the money to borrow at those rates) it allows malinvestment in the economy. Said otherwise, it creates the conditions where you can have an economy where most people don't save and simultaneously accumulate large amounts of debt. Sound familiar? Think "Housing Bubble". When thinking about this, ask yourself....
@Boethius51250 ...this question: If no one was saving, and every one was borrowing, why were interest rates so low during the boom years of the Real Estate craze? Furthermore, if every one was borrowing, and no one was saving, where did the money COME FROM that everyone borrowed? Also, how exactly does a Central Bank "set" the interest rate? Do they just proclaim an interest rate and that's it? No, the Fed sets the target rate, and the New York Fed, through its Open Market operations....cont...
@Boethius51250 manipulates the market to achieve its stated target. So, when the Fed lowers interest rates, they have to pump money into the system to artificially lower the rate. This sort of thing will lead to inflation, which is a monetary phenomena. The last time the Fed lowered % rates, what happened? All the artificially created money, through a fractional reserve process, went into the Real Estate market. The money, therefore, wasn't saved. It was created. The result was that real...
....estate soared in value. This gave false signals of production and consumption throughout the economy which lead to the tremendous bust seen in 08/09 and continuing as I type. If the market set interest rates, the possibility of a Housing Bubble, of national scale, would have been nearly impossible and very short lived. The reason? Because the demand for money would have driven interest rates up which would have discourage people from buying homes they couldn't afford. What then, is the....
benefit of a market-set interest rate? The benefit is that asset bubbles would not be sustained to sizes which, when the bust occurs, drag millions down with it, as seen in the housing bust. If homes cost less, people would spend a smaller portion of their wealth on it, allowing consumption in other areas, raising the standard of living. The only people who benefit from Central Bank set interest rates, are the bankers themselves. The average working man is the one who is taken advantaged of.
@Boethius51250 1) Well, it seems that you are the only one that has been endowed by the gods in the recondite art of understanding economics, while the rest of us, poor mortals, have been deprived of any type of understanding; no wonder no one in the world has bothered to apply your theories in any country with a minimum of common sense. Your huge exposure of your theory of interest rates set by the market is just wishful thinking.•••/•••
@Boethius51250 •••/••• 2) It would lead us to a much greater mess than we are in just now. Fortunately Europe has already begun to control the finances and I think the Bank of England will soon regain the power it had to control the abuses of the City. Todays markets are being totally manipulated and abused and are causing a lot stress to the whole world. Its no time for more anarchic experiments but to restore law and order to the financial markets.
@odalrich The reason that markets are "totally manipulated" is because the Federal Reserve manipulates interest rates, flooding the world with "money", and this "money" is seeking return. The banks balance sheets are flush with government cash at 0%, which they needed because of drawdowns from the housing bust, and in turn it allows governments to continue to "kick the can" about sovereign debt problems by getting low rate financing from the banks which have all this money to lend.
@Boethius51250 There was plenty of "malinvestment" without a central bank dumb ass. Take the panic of 1837 for example.. The idea that govt influence over interest rates leads to "malinvestment" is pure nonsense. Educate yourself and don't simply parrot the rubbish you hear on mises media. You embarrass yourself and your family. Shame on you
@worldnewsbbc1 Very impolite statist mouth-breather. The Panic of 1837 was caused by state banks not employing a 100 percent specie reserve and using fractional reserve banking. Tell you what BBC fanboy, put all of your retirement investments in the longest-term Treasury bonds the United States will sell you and retire in your Keynesian paradise. Pleased to read that Mises.org gets under your skin. I enjoy their conferences when they visit Texas.
Fine, agree to disagree. I use to care about debating, but I don't anymore. I'll put my faith in free markets and the so-called mises "rubbish". You direct your economic well-being however you choose. I'll do the same. We aren't going to change each others minds and I don't care to take the time to try. Cheers.
No. Uncontrolled capitalism did not cause the Depression. Heard of Smoot-Hawley? The tariff act that crippled cross border trade? Had laisse faire, i.e. uncontrolled capitalism, been allowed to take its course the economy would have recovered by 1933-35.
2) If individual working families kept all the money they earn, they wouldn't be able to meet all the expenses caused by ilness,education,etc. In the US there are nearly 50 million people unable to cope with the costs of their medical insurances,
That is a lie! The truth is closer to 20-25 Million and most of those are younger individuals who are in between jobs. Education? My late father paid his own way through university after his G.I. Bill ran out! So do not give me this B.S. about how families could not afford medical coverage. If people were responsible for their own medical the cost of coverage would go down. Of course if you introduced the British system of lawsuit's, loser pays costs for both, costs would drop also.
1- I've never mention any figure. You call them between jobs? I call them unemployed; I dont use semantics as cinically as you do. If people were responsible for their own medical coverage, the situaton would be chaotic and million of them would be unable to pay these costs as it happens in the U.S.moreover many medical insurance refuse to cover people with chronic diseases.
Whether you mention figures or not the truth still remains the same. Most youth are simply used by the left in their statistical misquotations to score points that they could not win in reality. In reality no individual is deprived of medical care in the United States whether he/she can afford it or not.
Look mate, you cant pretend to hide away realities such as unemployment by imagining communist plots all the time. Unemployment exists. Thousands of Americans suffer serious ailments that cant be looked after because they cant pay an insurance. Going to a hospital for a diagnosis and some emergency care without continuity is not healing a disease or having a treatment for it(as many of this people cant afford medicines).
Laws are needed to protect the general interests of the majority from the interests of a minority. This concept has been gradually eroded for the last 25 years with the result we know today. Individuals, like the one on the above video , have been very irresponsible .
I suppose thats why the majority of laws are written by a minority of special interest groups and are thousands of pages long and are not read by anyone until 5 years after they are passed. Give me a break.
@odalrich And what is wrong with paying for treatment over time? Nobody ever said you had to pay in one lump sum. Truth be told, financing the treatment over many years at 0% is still generally cheaper than collecting from an insurance company.
@ajpmathwiz It is much cheaper to make contributions to a public health insurance than to pay a premium to a private medical insurance. Pay in instalments the treatment of a disease? What an idea! ha ha ha. This would be a good idea for cosmetic operations such as a prettier face, a shapely nose and boobs, a larger cock, etc.
@odalrich What? Everything else is sold on credit, why not medical care? You get treated for your illness or injury, and you pay your bill in an agreed upon manner. What's wrong with that?
@ajpmathwiz . My dearest fellow, diseases are not consumer goods, but a curse from the gods or fate, so is up to society to fight them, via the state. Paying a small fee to a public fund is far cheaper than paying a private fund or repaying a credit for the rest of your bleeding life .Just a question of numbers.
@odalrich The problem is that whenever a government tries to enact universal health care coverage, costs spiral out of control. The government is then forced to try to save money the only way it can (government is nothing but force after all)- cap payments to doctors and ration coverage. This stifles innovation and condemns people to death or disability from treatable conditions for want of adequate care- possibly because such care simply doesn't exist for want of research funding.
@ajpmathwiz What condemns people to death and disability for want of adequate care is the current US medical care system, not the lack of research funding. Nearly 40 million Americans don t have medical coverage!
@odalrich They don't have medical coverage that you find adequate. You have no right to make the decision about the adequacy of their plans for them. If you don't have insurance, negotiate. The hospital will work out a payment plan. Regardless, there are treatments today for diseases that were fatal twenty years ago- R&D is responsible for that, and R&D dries up when the ability to make a profit dries up. It's expensive and risky, but it saves lives.
@ajpmathwiz In Europe we have our State medical care and it saves lives too, and I have my family and myself under medical coverage. Do you really think that a person affected by a chronic illness can negotiate insurance or a price with a hospital? What plan can give you a hospital if you need a long term treatment? The European system is the cheapest. Why make things more difficult than they are? By the way, what s R&D?
@odalrich R&D= Research and Development. Without R&D, technology stagnates, and without the prospect for profit, R&D dies. So unless you intend to utilize only treatments developed before the 1950's, I suggest you show gratitude for American medicine, because Europe didn't make any of the major medical advancements- they just copied the Americans and Israelis.
@ajpmathwiz . Why should compulsory health care be negative to medical R&D? In Israel health care is compulsary and universal and you said in your post that Israel is one of the most advanced nations as far as medical advancements is concerned.
@odalrich Israel is a nation that is constantly under threat of attack, so it performs a lot of research in areas applicable to their national defense, including medicine. Look at what happens in Europe when they cannibalize the military to fund such programs.
@ajpmathwiz According to your post, military expenditure in Israel does not interfere with its medical research expenditure, which in turn does not interfere with its universal health care programs, then what's the problem? Why doesn't the U.S apply the same policy?
Europe doesn't cannibalize the military, we dont feel threatened, and thats all.
@ajpmathwiz According to your post, military expenditure in Israel does't interfere with medical research expenditure, which in turn doesn't interfere with universal health care programs, then what's the problem. Why doesn't the U.S apply the same policy?
Europe doesn't cannibalize the military, we just dont feel threatened, thats all.
Individuals can't be resposible for their own health, doctors and hospitals are. The cheapest way to pay for these services is by creating a common pool to finance full medical care for ALL. To create a common fund to finance health insurance, citizens must contribute an amount. This amount is less than that paid to private health insurances. The bad health of a private individual can't become a hazard to the rest of society.
And what is Theodore Rooselvelt doing in this debate? We might as well talk about Julius Caesar or Attila the Hun. You stand by your early comments? Ok youre free to do so, thank God we live in a free society.
Roosevelt copied Hoover's policies and prolonged the Great Depression. Please Google "Great Myths of the Great Depression" by Lawrence W. Reed. A quick read at 19 pages; I highly recommend it Sir.
@order9066 You moron. Roosevelt did not copy Hoover's policies. Roosevelt devalued the currency and rescued the banks which turned the economy around. The dollar was pegged to gold at 20/oz. FDR set it to 35/oz. He also put in place many policies that made the US the strongest economy in the world. As we have gotten away from those policies since 1980, the US has lost ground to the rest of the world. You're a dumb schmuck.
"Roosevelt sent his now famous message to Congress deploring the disastrous extravagance of the Hoover administration.... As one reads that message now it is difficult to believe that it could ever have been uttered by a man who before ending his regime would spend not merely more money than President Hoover, but more than all the other 31 presidents put together three times more, in fact, than all the presidents from George Washington to Herbert Hoover" p. 30, The Roosevelt Myth, by John Flynn
DONT TRUST he is tryna get evry 1 2 vote 4 him he only in the white house 2 get all da black people on da goverments side dont be fooled do crime be bad no joke or futcher is fucked
remember that founding father's! when they did there taxs it was one peace of paper or less and they did it themselves, if they where around today I think they would be so pissed? Don't you ? I Can see George Washington saying, " I fighted for this in ......for this bull!"
The Center for Freedom and Prosperity Foundation.... how Orwellian does that sound? I have seen this guy in other videos promoting low corporate taxes and low taxes for the wealthy, as well as doing away with rules and regulations regarding corporations. This organisation is all about promoting the elimination of anything that limits or controls corporate power, so no laws can touch them. There is another term for it: Corporate anarchy.
B..b...b...but, how is my government gonna buy me a h...h...house if all them rich MFers can steal money from people by putting it in another country, and not even pay taxes? I would much rather have the government control all of these MFers's money, and tax it real good so they can help me pay for MY mortgage, and so MY kids can go to college too!
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Tax havens MUST be put under control because the accountholders in these havens should pay their taxes in their own countries like the rest of the citizens.
We have had enough of financial executives making speeches on liberal economics after they have turned the world into chaos.
Tax havens are not just for the tax evasion purposes which are just pennies compared with loots from the public funds, drug money and laundering, illegal contributions, bailout shares, secret lending, etc.
If you sum up the assets of the Mexican billionaires on the Forbes list, you'll get number close to the total debt of Mexico, for instance.
I'm with you on that. In fact, I'm not in favor of flat tax rates, for example, but if they have one virtue, it's that they are simple, predictable, and have no loopholes. The nicest thing you can do for a business (or individual) is allow them to make plans around the simplicity of the taxation system.
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This is just a right-wing rant. The Cato Institute has with other foundations been fighting for the interests of billionaires for years. Everyone mocked here is a Democrat. Real balanced guys!
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Stupid ideas? Ideas have people they benefit and others they don't. Dismantling the already weak US Social Security system and winding back the NEW deal, is constantly the aim of Cato amongst others. This would benefit a minority of the population and thus is a bad idea for most - However, unlimited campaign finance and a confluence of idealogues, bigots & billionaires all vote for such inequality increasing measures.
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Why would a US citizen want to own a company registered in the Cayman Islands, which is controlled by a 'Trust' in Monaco and has its' bank account in Luxembourg?
Why go to all this trouble if it isn't to defraud?
Hi! My name is andshell. I've been raised improperly by my parents to think that its OK to make fun of others. Rather than educate myself on the fundamentals of finance and economics, I've resided to poking fun at people rather than engage intellectually in conversation. I feel very good about myself.
I hope your parents have taught you not to violate other people's privacy by peeping through their windows because that person inside wont be entertaining you but do things to hurt you in self-defense. poking fun at you would be one of doing it. if your parents and elders have convince you that it's OK to do this then they must have had similar bad parents.
Tax havens are a very importance defense mechanism of the private sector in response to the ever growing beast that is the public sector. When corporations set up tax havens, all American consumers benefit from cheaper goods and services. This is the simple truth.
ejw- This is dead on point. Your video makes it clear about taxes and the importance of how it effects our economy globaly. Your video also help to understand the GDP pre capita and, how to analyze the economic growth of different nations. Great Video. Your book "Global Tax Revolution: The Rise of Tax Competition and the Battle to Defend It" is an excellent book to read.
Here's a novel idea, lower taxes on U.S. corporations domiciled in the U.S. Not only will you have fewer companies using tax havens, you will also have less outsourcing.
Well if there is no big tax havens --then quit worrying about stopping them.
The tax rates on unearned income is far lower than tax rate on earned income. IN other words -- work is taxed 200-300% higher than investment income. The top tax rate on unearned income is 15% -and as low as 5%. THats not high at all.
Libertarians aren't the same as neocons. They're the opposite. Libertarians want to keep us out of foreign entanglements and neocons want to get us into more.
purpleivory2 6 days ago
Ok, there may be some truth in what he's talking about, but by god is he annoying!! Did this guy miss puberty, or was a man born with a woman voice?
Cockerilla 3 weeks ago
He forgot about tax haven's mess...
dasilvanibal 1 month ago
This is all liberal bullshit but coming from a neo Conservative think tank that's not astonishing!!!!!
Call this guy literally "Body of Lies" would not me an insult, but a simple statement...
dasilvanibal 1 month ago
abolish taxes, end tax evasion. hmmm. Kill all whales, end cruelty to whales.
How about we call an apple, an apple, and a thieving unpatriotic selfish lowlife, a thieving unpatriotic selfish lowlife instead?
ConradW 2 months ago
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@ConradW you are talking about the government right?
cesliwakan 2 months ago
Governments may be lowering income tax and corporate tax but they are more than making up for it in other areas. Taxes as a whole could be reduced if the government took on less responsibilities. E.g. If governments gave an 80% rebate for all medical equipment, supplied all paramedics and ambulances but had no public hospitals, you'd have a much better emergency service, a much more efficient system and you'd save tax payers millions. Do a similar thing with education, welfare and the media too.
BBBradH 6 months ago
No one should pay any taxes anymore!
Well if there's no tax revenue, i guess we don't need government either!
Well greed is good, so I guess stealing and crime is too!
We don't need laws, we have religion to brainwash us!
Now we can wage a world war and destroy ourselves in the name of this ideology!
XionXXXX 7 months ago
@XionXXXX
ALOT of libertarians are atheists pal u must be thinking of islamic people.. who desire control, of everyones lives.
Bren565 5 months ago
@Bren565 or bible thumpers who want to do the same thing...lol...had to throw that in there.
Voiceofreason0220 2 months ago
singapore isn't a democracy. People can't get involved into politics, even though the economy is relatively free
asintean 9 months ago
Did this dude just list as a reason we should allow it because people will do it anyway and do it illegally? With that logic stop war on drugs... leave immigrants be.
Downfurlife 9 months ago
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Downfurlife 9 months ago
Many many flaws in this video, for example: OECD does not help countries double tax income, countries can double tax whenever they want if it weren't for the OECD model. I can understand that one is opposed to the rich countries' policy in the OECD, but don't go confusing people even more with inaccurate information!
Juliazer 1 year ago
Typical sales who sell water as individuals don't deserve anything of their own local resources unless their lives on the line. Simply make all Russia, US and China of tax heavens and see what would happen? We already have our military establishment, a tax heaven for the rich who don't need to manage army but using it as their privates.
beancube2010 1 year ago
Sensible than the Euro or US governments' unstanined and unsupported outcry
paulobindo 1 year ago
Stop paying the federal reserve. Don't give them a fucking CENT. Period.
manowar821 1 year ago
@manowar821 Didn't know there was a period, after "period".
bostero1 1 year ago
This is bullshit!
DaneVincentVid 1 year ago
Great video.
SuperSpidey25 1 year ago
I like driving on a road that's paved. I like camping at national parks. I enjoying drinking clean, safe water straight from the tap. I enjoy having a high quality of life.
If you hate paying taxes, move to Afganistan. Stop complaining, pay your taxes.
eastexotic 1 year ago
@eastexotic
I find it much more difficult to afford those things you mention when I have to pay taxes.
Maxx4446 1 year ago
@eastexotic Well put. Ever heard of Free market environmentalism? It's a crack-pot idea by these people that think corporations should own everything to sell us happiness.
HoGraz 1 year ago
great video
a4finger 1 year ago
THIS PIECE OF SHIT VIDEO IS PROPAGANDA.
Denmark has the highest income taxes in Europe. The differences are we don't consume as much as Americans, we don't have as much complicated market system, and the sizes of our countries.
The Center for Freedom and Prosperity Foundation?! More like The Center for Freedom of Corporations to Prosper By Fucking You In The Anal.
i find it absolutely hilarious that Rupert Murdoch was a director at Cato Institute. You might as well take advice from Fox News.
amazingyou1uber 1 year ago
@amazingyou1uber
lol u r definitely ivy leaguer with ur eloquence of speech and brilliant mind. left people r simply 2 stupid 2 come even close 2 understand finance
dipdapdup 1 year ago
@dipdapdup What a retard. You used the word 'stupid' in the same sentence as the number 2. Learn to speak english without using numbers as replacement.
Finance. LOL. Thats all you care about...MAKING MONEY FOR YOURSELF.
amazingyou1uber 1 year ago
@amazingyou1uber
got no time 2 write in words, social vermin. gotta make money, pay taxes 4 the LEECHERS and still be able to get myself a lambo.
u definitely got my point: making money is what it's all about. so don't post such a bullshit n get urself a job!
dipdapdup 1 year ago
@amazingyou1uber
If Americans consume more than Denmark, then good for America. Maybe Denmark could lower its taxes a little and its citizens would be able to consume more too.
Maxx4446 1 year ago
@Maxx4446 depends what you're consuming doesn't it, unless you think that the planet has endless resources to support the kind of lifestyles that Americans like you have got used to. Happiness isn't all about consumption.
Poacherman 1 year ago
@Poacherman
First, I am not an American. Second, you have no idea how much I consume. Third, you imply that I am saying that happiness=consumption, which is false. Finally, you are implying that the world doesn't have the resources to sustain the level of consumption of the average American. That last point I will respectfully disagree. You need to consider the affects of innovation, technology, and recycling etc. An understanding of the economic field of Price Theory wouldn't hurt either.
Maxx4446 1 year ago
@Maxx4446 sorry, wrongly assumed you were American. But I don't quite get why you think I know how much you personally consume. Obviously I have no idea about that. I don't understand why you think consumption, per se, is a good thing, unless you think it leads to increased happiness. I think that to see innovation and recycling as some kind of panacea to climate change is very naive. anyway, good luck, can't be bothered to continue this debate on a platform such as YouTube, waste of time.
Poacherman 1 year ago
@Poacherman
I'm willing to change our debating platform if you are. If you observe that people are consuming more, do you suppose that they are consuming more in order to make themselves more or less happy? What solution to climate change is not naive? On the other hand, I do think governments are encouraging over consumption via stimulus packages, the artificial manipulation of interest rates, and inflating the currency etc.
Maxx4446 1 year ago
@amazingyou1uber Don't be discouraged - you're ABSOLUTELY right - this is fascist wingnut propaganda.
twochordcool 1 year ago
@Riverama True. And if the money in tax havens was invested locally, everybody would pay far less in taxes and this extra money would be spent on goods and services supplied by the firms that previously had the money in tax havens!
However, I must point out that much of the money in tax havens is used for speculative purposes and not to create wealth for all.
odalrich 1 year ago
This has been flagged as spam show
Everyone should know the Cato institute was founded by the KOCH family. One of the wealthiest families in the country. They don't want to help poor or middle class, they want the rich to keep more of their money and poor to stay poor.
The Cato institute wants an OLIGARCHY(where the rich rule forever). They want the poor to stay poor forever! They don't want equality, they want the rich KOCH family to never loose any of their wealth to taxes. HOW MUCH DOES THE KOCH FAMILY WRITE OFF FOR CATO?
indigo11274 1 year ago
This has been flagged as spam show
This man is working for the CATO institute, formed by the multi-billionaire KOCH family. He doesn't want to help people, he wants to F the middle class and poor.
The KOCH family has paid hundreds of millions in enviornmental fines, because it's cheaper than to do the right thing. They want the rich to rule and stay rich forever. Know who you are listening to. THE EVIL KOCH FAMILY!
indigo11274 1 year ago
Part one and part two should be titled that way. Makes it easy to search for on you tube.
MrBankRuns 1 year ago
LOL! I thought I smelt a rat when his gaspump analogy implied that the average steelworker could just go into finance if he wanted!
Turns out, he worked for The Heritage Foundation (funded by oil and weapons companies among others) and, before that, Citizens for a Sound Economy which wasn't a 'consumer group' but was 85% funded by major corporations (Washington Post report). Dan Mitchell is a Neo-Con who has warped his own definition of morality so he can sleep at night.
jackpoupart 2 years ago
Actually he's a member of the Cato Institute, which would make him a Libertarian, not a Neo-Con, whatever that is.
stgoose 2 years ago
His argument is logical and he uses citations. So, how exactly does any of what you said invalid his argument?
ehdagio 2 years ago
lol
MassiveJungle 2 years ago
The guy in the video wants no taxes on his clients --- and they will use any twist of logic and bullshit to get that.
For example, he wants "flat tax" which isn't flat at all. It sounds as if everyone would pay the same percentage. Nonsense -- they want ZERO percentage on their income, but want ALL taxes paid by those who work for it, wages, business, self employed.,
12FlyMe 2 years ago
COMMMMMMMMMMMMMMMMMMMMMMMUNIST ^
Individualism101 2 years ago
It's interesting that he doesn't define what a tax haven is. Generally, tax havens have all of the following: low or nominal tax rates, secrecy of personal financial information, and lack of transparency. Low taxes by themselves doesn't mean its a tax haven because of residence based taxation rules. Tax havens like Switzerland enable investors to hide their financial assets from their resident countries thus perpetuating tax evasion. That's really the only reason why people use them!
schradww00 2 years ago
Comment removed
RyDCo 2 years ago
Taxes are paid to finance the infrastructure, security, education, etc, of countries. There are individuals whose companies benefit from these services but do not want to pay taxes, instead of this, they send their profits to tax havens. This is not a good idea. The good idea is to pay taxes to finance better services in order to get more better profits.
odalrich 2 years ago
This has been flagged as spam show
You dont need a tax haven in order to avoid paying tax. Check out my videos if you want to find out how to pay 0% tax...legally!!!
thetaxwizards 2 years ago
saying tax havens have harmless consequences is laughable
Capeau 2 years ago
in panama if you have a company there that country corperate vail has never been penterated
stonecoldjason 2 years ago
Not now. Since Noriega's removal the Panamanian government has worked closely with the U.S. Internal Revenue Service.
irishimp2 2 years ago
Mitchell is the relentless fighter for lower taxes and smaller government worldwide. Thanks for doing this, Mitchell!
Sondre7 2 years ago 6
If Mitchell is the guy on the video he must be paid by the word because he won't stop talking. He talks about a kind of economics that have proved to be mistaken and has caused the present crisis.
odalrich 2 years ago
Is he? I can't hear him say anything about too low interest rate, bank guarantees, trade imbalance or anything! Better get my ears checked.
Unless ofcourse you mean -market-economy. And you'd rather have a -planned-economy, like north korea. Oh yes, you're right, they never got the crisis, looks like we've got a winner!
Sondre7 2 years ago
That is why it is called "a lecture". If you had paid a little more attention in your courses at university you might have gotten an education in economics.
irishimp2 2 years ago
Comment removed
RyDCo 2 years ago
da goverment can suk ther mums lol
mcscarkid 2 years ago
Dan Mitchell 4 President 2012
bigsmallfish 2 years ago 3
this guy is a complete tool.
ISinisterI 2 years ago
Wow - I'd have loved to hear the moral case for tax havens, but there's a prob with the sound on this video.
Who holds the US $6 642 billion debt ? China, $1000bn ; Japan $976bn ; GB $500bn ; Luxembourg $469bn ; Caiman islds $461 ; Belgium $372bn ; Iran and Gulf states $169 bn no more space, but the list is interesting.
eannegrenoble 2 years ago
This comment has received too many negative votes show
cool are you retarded? Really -- are you fuching retarded?
Cause Mitchel, you fuching dumb ass, didn't say a word about consumption tax in this video idiot. And he is for a so called FLAT TAX - not - - not - a sales tax you moron.
No wonder you dumb ass Fairtax moonies have dwindled from 600,000 supporters, to a handful of moonies and dumb asses.
12FlyMe 2 years ago
hahahaha Cato Institute....enough said
mladjo23 2 years ago
Comment removed
philant10 2 years ago
Final installment on this liars bullshit.
This liar in the video calls it a flat tax -- bullshit. This guy wants ONLY labor -- ONLY work to pay taxes/
So you moron who say there is no real law that taxes labor --- hey dumb ass-- that's what this guy WANTS -- he wants a law that ONLY taxes labor.
Gessus you people are stupid -- this guy in the video wants ONLY labor/ work to be taxed -- nothing else.
Most of you income tax conspiracy idiots are too stupid to notice.
NeilTaxCon 2 years ago
You have no idea what are you talking about. Mitchell is advocating a consumption tax - tax on everything you buy, and no taxes on anything else.
coolcreep 2 years ago 3
freedom law school has a 300,000 reward , prove to them that its a federal law that you have to pay taxes on your labor. look it up guys you might get rich!!
doc
DOCSAFETUBE 2 years ago
This guy looks desperate
imemperor 2 years ago 2
He's absolutely right. Look at the boom Dubai experienced and the numerous benefits for those who don't pay tax. It's not rocket science. And it's good to see someone stand up for something that is of benefit for everyone if only they heed and action this information.
SamoanWarrior02 2 years ago 2
This comment has received too many negative votes show
No matter how long you talk, tax havens are just havens for white collar crooks. Tax havens must go!
odalrich 2 years ago
You're an idiot.
ExquisiteDoom 2 years ago
Perhaps, but in the London reunion of the G-20 it has been decided to start controlling the tax havens and later on to keep them on a short leash. It was about time!
odalrich 2 years ago
Your a communist
danbolling 2 years ago
That's the typical answer of those who have nothing to say (you're a communist, a fascist, this or that,etc). I´ve my own property and I don't want it in the hands of the State. I can assure you I'm not a communist. But I contribute to the growth and welfare of the society I live in.
odalrich 2 years ago
yes, me must contribute to the welfare state.. OK... (sarcasm)
danbolling 2 years ago
You can be all the sarcastic you want, but the welfare state has brought progress to the world. After more than two decades trying to erode it under the excuse that less welfare meant more corporate profits and therefore more progress, we can see that this neoliberal policy has led us to the most serious crisis the world has never known in modern times.
odalrich 2 years ago
What brought us to this crisis is the central planning of money- central banking. The welfare state has actually grown tremendously since the Great Depression. The number of people on welfare continues to rise as well as people under the poverty line. Instead of letting working people keep the money they earn, statists want to take more away from everyone who earns to support the growing amount of dependents- viscous cycle. Most taxes are not corporate taxes.
titosantucci 2 years ago 3
You don't know what you are talking about. Welfare? Have you ever applied? The great myth about unemployment and welfare is that you can stay on those programs indefinitely. Way False! You start collecting welfare, you better either be looking for a job or training for a new one, cause you have about 3 months to collect. This is an old GOP myth. Same with unemployment. You are looking at 16 weeks at the most. Research facts please.
peaceispatriotic7 2 years ago
This comment has received too many negative votes show
1) Because uncontrolled capitalism caused so much suffering to people during the Great Depression,welfare had to be developed; if the number of people on welfare is growing is because more unemployed are under poverty line due to the neoliberal policies started by Reagan and these policies have led us to the present day crisis.
odalrich 2 years ago
uncontrolled capitalism caused the Great Depression?....have you ever studied economics or are you just saying that shit because that's what you read in that government school textbook of yours? Ever studied business cycle theory or the effects on an economy that artificial credit creation does?...
Boethius51250 2 years ago
Yes, uncontrolled capitalism caused the Great Depression and This One.
I studied Economics in the late 60s up to early 70s
Sorry, but I attended a private school, NOT a government school.
Yes, Im quite acquainted with the business cycle theory. This crisis has got nothing to do with this theory.
I know the effects (long term effects) of artificial credit on the economy. Not worse than the effects of laisser faire policies.
odalrich 2 years ago
"This crisis has got nothing to do with this theory"...you talk about it as if there was only one theory of business cycles...
Question: what is laissez faire about central banks? You claim it was uncontrolled capitalism that caused the Great Depression and this one...then would you please explain how uncontrolled capitalism is possible when money and credit are controlled by a central bank?
Boethius51250 2 years ago
Central banks have become gradually autonomous since Reagan's time and have been applying neoliberal policies instead of keeping an eye on the banking system, as a result of it we have the financial mess we are in. Many people have lost millions because central banks didn't do their job.
odalrich 2 years ago
Nice job dodging my question. I'll ask my questions again: what is free market about a central bank? Seriously, interest rates coordinate production across time. You should know this. The free market should set interest rates, not a CENTRAL bank. This is where the malinvestment comes from, because the god-makers that you worship at the central bank are setting interest rates which distort the economy. Keynes...really?... he was discredited long ago....
Boethius51250 2 years ago 12
You're a market fundamentalist.
Economic fundamentalism, introduced in the early 1980's by the Chicago School, has now been undermined with the current financial crisis that has affected the real economy.For you the crisis is due to "market failures" and your solution is "more market" so if I'm not mistaken, you're trying to intrduce the Austrian School, another fundamentalist thought. No more experiments. The economic model must adapt to human needs and not humans to
economic needs.
odalrich 2 years ago
First you attack the Chicago School, which I can't disagree with too much, but then you attack the Austrian School. You completely ignored my argument on the Austrian School's explanation for the business cycle and for the purpose of interest rates. "No more experiments" you say, but you haven't defined what "experiments" you're talking about or what that has to do with the Austrian school.
Boethius51250 2 years ago 2
A government cartel of banks is not the free market. The spheres in which failure and fraud exist are government spheres. There is no issue in the real market. Small businesses are not burning to the ground.
Individualism101 2 years ago
"The spheres in which failure and fraud exist are government spheres"
Are you really sure?? And what's happening with the huge scandals in the private financial system which is affecting small business?? Where have you been living all this time? on a deserted island in the middle of the Pacific Basin?
odalrich 2 years ago
There is no private financial system. What little there was is gone with the destruction of tax havens.
Individualism101 2 years ago 2
The private financial system had to be intervened by governments due to the irresponsibility of financial executives who have brought the world economy on the brink of total collapse. Unfortunately tax havens are not all under control. I firmly believe they should disappear so that the money in them is invested in the real economy.
odalrich 2 years ago
Wrong. Government backed mortgages brought the economy to the brink of collapse. As I said earlier: there is no private financial system. Maddoff was the founder of the nasdaq. The whole thing is one big government scam.
Your problem is that you dont even know what government is. The stuff it does right (hardly anything) you call government, and the stuff it does wrong you call private. When in reality the people who are in control (gov) made the mess and now they are making an even bigger one.
Individualism101 2 years ago 2
Look, mate, since the last 25 years governments all over the world have been giving power to the private sector. Reagan started this neoliberal policy with the result we know today. The private financial sector made the mess we are in today; the fault of governmente is to have allowed it.
odalrich 2 years ago
Comment removed
RyDCo 2 years ago
I think governments MUST empower private organizations to run and manage our money, BUT always under the supervision of public authorities in order to prevent abuses by private financial managers, and to avert crisis like the present one.
odalrich 2 years ago
@Boethius51250 @Boethius51250 The market should set interest rates, not a CENTRAL bank???
So a family household has to decide on long term credits according with the interests set by the market every day! Do you want to add hell to the present chaos? I think psychiatric institutions have a great future if these theories become true!
odalrich 1 year ago
@odalrich Your statement shows that you have no understanding, whatsoever, about how interest rates are set, let alone economics in general. Interest rates is a function, in a free market that is, of the supply and demand for money. If people save their money, the supply of loanable funds would increase, lowering interest rates, spurring people to borrow. If people do not save, interest rates would rise, spurring people to save to collect the offered interest rate on their savings. Continued...
Boethius51250 1 year ago
@Boethius51250 As people borrow and save, the interest rate would fluctuate according to the supply and demand of money. When Central Banks artificially set interest rates (and create the money to borrow at those rates) it allows malinvestment in the economy. Said otherwise, it creates the conditions where you can have an economy where most people don't save and simultaneously accumulate large amounts of debt. Sound familiar? Think "Housing Bubble". When thinking about this, ask yourself....
Boethius51250 1 year ago
@Boethius51250 ...this question: If no one was saving, and every one was borrowing, why were interest rates so low during the boom years of the Real Estate craze? Furthermore, if every one was borrowing, and no one was saving, where did the money COME FROM that everyone borrowed? Also, how exactly does a Central Bank "set" the interest rate? Do they just proclaim an interest rate and that's it? No, the Fed sets the target rate, and the New York Fed, through its Open Market operations....cont...
Boethius51250 1 year ago
@Boethius51250 manipulates the market to achieve its stated target. So, when the Fed lowers interest rates, they have to pump money into the system to artificially lower the rate. This sort of thing will lead to inflation, which is a monetary phenomena. The last time the Fed lowered % rates, what happened? All the artificially created money, through a fractional reserve process, went into the Real Estate market. The money, therefore, wasn't saved. It was created. The result was that real...
Boethius51250 1 year ago
....estate soared in value. This gave false signals of production and consumption throughout the economy which lead to the tremendous bust seen in 08/09 and continuing as I type. If the market set interest rates, the possibility of a Housing Bubble, of national scale, would have been nearly impossible and very short lived. The reason? Because the demand for money would have driven interest rates up which would have discourage people from buying homes they couldn't afford. What then, is the....
Boethius51250 1 year ago
benefit of a market-set interest rate? The benefit is that asset bubbles would not be sustained to sizes which, when the bust occurs, drag millions down with it, as seen in the housing bust. If homes cost less, people would spend a smaller portion of their wealth on it, allowing consumption in other areas, raising the standard of living. The only people who benefit from Central Bank set interest rates, are the bankers themselves. The average working man is the one who is taken advantaged of.
Boethius51250 1 year ago
@Boethius51250 1) Well, it seems that you are the only one that has been endowed by the gods in the recondite art of understanding economics, while the rest of us, poor mortals, have been deprived of any type of understanding; no wonder no one in the world has bothered to apply your theories in any country with a minimum of common sense. Your huge exposure of your theory of interest rates set by the market is just wishful thinking.•••/•••
odalrich 1 year ago
@Boethius51250 •••/••• 2) It would lead us to a much greater mess than we are in just now. Fortunately Europe has already begun to control the finances and I think the Bank of England will soon regain the power it had to control the abuses of the City. Todays markets are being totally manipulated and abused and are causing a lot stress to the whole world. Its no time for more anarchic experiments but to restore law and order to the financial markets.
odalrich 1 year ago
@odalrich The reason that markets are "totally manipulated" is because the Federal Reserve manipulates interest rates, flooding the world with "money", and this "money" is seeking return. The banks balance sheets are flush with government cash at 0%, which they needed because of drawdowns from the housing bust, and in turn it allows governments to continue to "kick the can" about sovereign debt problems by getting low rate financing from the banks which have all this money to lend.
Boethius51250 1 year ago
@Boethius51250 There was plenty of "malinvestment" without a central bank dumb ass. Take the panic of 1837 for example.. The idea that govt influence over interest rates leads to "malinvestment" is pure nonsense. Educate yourself and don't simply parrot the rubbish you hear on mises media. You embarrass yourself and your family. Shame on you
worldnewsbbc1 10 months ago
@worldnewsbbc1 Very impolite statist mouth-breather. The Panic of 1837 was caused by state banks not employing a 100 percent specie reserve and using fractional reserve banking. Tell you what BBC fanboy, put all of your retirement investments in the longest-term Treasury bonds the United States will sell you and retire in your Keynesian paradise. Pleased to read that Mises.org gets under your skin. I enjoy their conferences when they visit Texas.
order9066 10 months ago
@worldnewsbbc1
Fine, agree to disagree. I use to care about debating, but I don't anymore. I'll put my faith in free markets and the so-called mises "rubbish". You direct your economic well-being however you choose. I'll do the same. We aren't going to change each others minds and I don't care to take the time to try. Cheers.
Boethius51250 10 months ago
No. Uncontrolled capitalism did not cause the Depression. Heard of Smoot-Hawley? The tariff act that crippled cross border trade? Had laisse faire, i.e. uncontrolled capitalism, been allowed to take its course the economy would have recovered by 1933-35.
irishimp2 2 years ago 2
2) If individual working families kept all the money they earn, they wouldn't be able to meet all the expenses caused by ilness,education,etc. In the US there are nearly 50 million people unable to cope with the costs of their medical insurances,
odalrich 2 years ago
That is a lie! The truth is closer to 20-25 Million and most of those are younger individuals who are in between jobs. Education? My late father paid his own way through university after his G.I. Bill ran out! So do not give me this B.S. about how families could not afford medical coverage. If people were responsible for their own medical the cost of coverage would go down. Of course if you introduced the British system of lawsuit's, loser pays costs for both, costs would drop also.
irishimp2 2 years ago
1- I've never mention any figure. You call them between jobs? I call them unemployed; I dont use semantics as cinically as you do. If people were responsible for their own medical coverage, the situaton would be chaotic and million of them would be unable to pay these costs as it happens in the U.S.moreover many medical insurance refuse to cover people with chronic diseases.
odalrich 2 years ago
Whether you mention figures or not the truth still remains the same. Most youth are simply used by the left in their statistical misquotations to score points that they could not win in reality. In reality no individual is deprived of medical care in the United States whether he/she can afford it or not.
irishimp2 2 years ago
Look mate, you cant pretend to hide away realities such as unemployment by imagining communist plots all the time. Unemployment exists. Thousands of Americans suffer serious ailments that cant be looked after because they cant pay an insurance. Going to a hospital for a diagnosis and some emergency care without continuity is not healing a disease or having a treatment for it(as many of this people cant afford medicines).
odalrich 2 years ago
By your definition the East-India trading company was a private enterprise.
You fail to distinguish between theft and trade because you yourself want to justify theft.
There are two basic means of interaction between humans: trade and war. You are in support of war.
Individualism101 2 years ago
Individualism101 dixit: " By your definition.............................You are in support of war" (?????).
Either you're going mystic or you have the wrong chap and you should have sent your post to somebody else.
odalrich 2 years ago
What do you think regulation is. Whenever you say 'there should be a law' you are supporting war against a number of individuals.
All the government does is make war.
Individualism101 2 years ago
Laws are needed to protect the general interests of the majority from the interests of a minority. This concept has been gradually eroded for the last 25 years with the result we know today. Individuals, like the one on the above video , have been very irresponsible .
odalrich 2 years ago
I suppose thats why the majority of laws are written by a minority of special interest groups and are thousands of pages long and are not read by anyone until 5 years after they are passed. Give me a break.
Individualism101 2 years ago 2
@odalrich And what is wrong with paying for treatment over time? Nobody ever said you had to pay in one lump sum. Truth be told, financing the treatment over many years at 0% is still generally cheaper than collecting from an insurance company.
ajpmathwiz 1 year ago
@ajpmathwiz It is much cheaper to make contributions to a public health insurance than to pay a premium to a private medical insurance. Pay in instalments the treatment of a disease? What an idea! ha ha ha. This would be a good idea for cosmetic operations such as a prettier face, a shapely nose and boobs, a larger cock, etc.
odalrich 1 year ago
@odalrich What? Everything else is sold on credit, why not medical care? You get treated for your illness or injury, and you pay your bill in an agreed upon manner. What's wrong with that?
ajpmathwiz 1 year ago
@ajpmathwiz . My dearest fellow, diseases are not consumer goods, but a curse from the gods or fate, so is up to society to fight them, via the state. Paying a small fee to a public fund is far cheaper than paying a private fund or repaying a credit for the rest of your bleeding life .Just a question of numbers.
odalrich 1 year ago
@odalrich The problem is that whenever a government tries to enact universal health care coverage, costs spiral out of control. The government is then forced to try to save money the only way it can (government is nothing but force after all)- cap payments to doctors and ration coverage. This stifles innovation and condemns people to death or disability from treatable conditions for want of adequate care- possibly because such care simply doesn't exist for want of research funding.
ajpmathwiz 1 year ago
@ajpmathwiz What condemns people to death and disability for want of adequate care is the current US medical care system, not the lack of research funding. Nearly 40 million Americans don t have medical coverage!
odalrich 1 year ago
@odalrich They don't have medical coverage that you find adequate. You have no right to make the decision about the adequacy of their plans for them. If you don't have insurance, negotiate. The hospital will work out a payment plan. Regardless, there are treatments today for diseases that were fatal twenty years ago- R&D is responsible for that, and R&D dries up when the ability to make a profit dries up. It's expensive and risky, but it saves lives.
ajpmathwiz 1 year ago
@ajpmathwiz In Europe we have our State medical care and it saves lives too, and I have my family and myself under medical coverage. Do you really think that a person affected by a chronic illness can negotiate insurance or a price with a hospital? What plan can give you a hospital if you need a long term treatment? The European system is the cheapest. Why make things more difficult than they are? By the way, what s R&D?
odalrich 1 year ago
@odalrich R&D= Research and Development. Without R&D, technology stagnates, and without the prospect for profit, R&D dies. So unless you intend to utilize only treatments developed before the 1950's, I suggest you show gratitude for American medicine, because Europe didn't make any of the major medical advancements- they just copied the Americans and Israelis.
ajpmathwiz 1 year ago
@ajpmathwiz . Why should compulsory health care be negative to medical R&D? In Israel health care is compulsary and universal and you said in your post that Israel is one of the most advanced nations as far as medical advancements is concerned.
odalrich 1 year ago
@odalrich Israel is a nation that is constantly under threat of attack, so it performs a lot of research in areas applicable to their national defense, including medicine. Look at what happens in Europe when they cannibalize the military to fund such programs.
ajpmathwiz 1 year ago
@ajpmathwiz According to your post, military expenditure in Israel does not interfere with its medical research expenditure, which in turn does not interfere with its universal health care programs, then what's the problem? Why doesn't the U.S apply the same policy?
Europe doesn't cannibalize the military, we dont feel threatened, and thats all.
odalrich 1 year ago
@ajpmathwiz According to your post, military expenditure in Israel does't interfere with medical research expenditure, which in turn doesn't interfere with universal health care programs, then what's the problem. Why doesn't the U.S apply the same policy?
Europe doesn't cannibalize the military, we just dont feel threatened, thats all.
odalrich 1 year ago
@odalrich You don't feel threatened because the US spends more defending you than you do.
ajpmathwiz 1 year ago
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ajpmathwiz wrote: " You don't feel threatened because the US spends more defending you than you do".
OK, perhaps you're right, but why the U.S. doesn't have a health care program for ALL its citizens like Israel does?
odalrich 1 year ago
Comment removed
RyDCo 2 years ago
Individuals can't be resposible for their own health, doctors and hospitals are. The cheapest way to pay for these services is by creating a common pool to finance full medical care for ALL. To create a common fund to finance health insurance, citizens must contribute an amount. This amount is less than that paid to private health insurances. The bad health of a private individual can't become a hazard to the rest of society.
odalrich 2 years ago
2- Roosevelt saved capitalism by applying Keynes policies not laisser faires
I paid enough attention in the lectures I attended as to realize
laisser fair was harmful to the interest of the majority.
odalrich 2 years ago
I was speaking of Theodore not Franklin D. And stand by my earlier comments.
irishimp2 2 years ago
And what is Theodore Rooselvelt doing in this debate? We might as well talk about Julius Caesar or Attila the Hun. You stand by your early comments? Ok youre free to do so, thank God we live in a free society.
odalrich 2 years ago
Roosevelt copied Hoover's policies and prolonged the Great Depression. Please Google "Great Myths of the Great Depression" by Lawrence W. Reed. A quick read at 19 pages; I highly recommend it Sir.
order9066 2 years ago 3
Thank you, I'm going to read it.
odalrich 2 years ago
@order9066 You moron. Roosevelt did not copy Hoover's policies. Roosevelt devalued the currency and rescued the banks which turned the economy around. The dollar was pegged to gold at 20/oz. FDR set it to 35/oz. He also put in place many policies that made the US the strongest economy in the world. As we have gotten away from those policies since 1980, the US has lost ground to the rest of the world. You're a dumb schmuck.
worldnewsbbc1 10 months ago
"Roosevelt sent his now famous message to Congress deploring the disastrous extravagance of the Hoover administration.... As one reads that message now it is difficult to believe that it could ever have been uttered by a man who before ending his regime would spend not merely more money than President Hoover, but more than all the other 31 presidents put together three times more, in fact, than all the presidents from George Washington to Herbert Hoover" p. 30, The Roosevelt Myth, by John Flynn
order9066 10 months ago
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DONT TRUST he is tryna get evry 1 2 vote 4 him he only in the white house 2 get all da black people on da goverments side dont be fooled do crime be bad no joke or futcher is fucked
mcscarkid 2 years ago
fuck you, only the little people pay taxes.
shfbdfi1273 2 years ago
GREAT VIDEO
pivarellas 2 years ago
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All this guy does is talk talk talk.....
Let's put porn back on the tube at lest we be happier and at.....
thegreatactor 2 years ago
remember that founding father's! when they did there taxs it was one peace of paper or less and they did it themselves, if they where around today I think they would be so pissed? Don't you ? I Can see George Washington saying, " I fighted for this in ......for this bull!"
thegreatactor 2 years ago
Yes! Right on!
3Phoam 2 years ago
The Center for Freedom and Prosperity Foundation.... how Orwellian does that sound? I have seen this guy in other videos promoting low corporate taxes and low taxes for the wealthy, as well as doing away with rules and regulations regarding corporations. This organisation is all about promoting the elimination of anything that limits or controls corporate power, so no laws can touch them. There is another term for it: Corporate anarchy.
dangerouslytalented 2 years ago
B..b...b...but, how is my government gonna buy me a h...h...house if all them rich MFers can steal money from people by putting it in another country, and not even pay taxes? I would much rather have the government control all of these MFers's money, and tax it real good so they can help me pay for MY mortgage, and so MY kids can go to college too!
dukearmyguy 2 years ago
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Tax havens MUST be put under control because the accountholders in these havens should pay their taxes in their own countries like the rest of the citizens.
We have had enough of financial executives making speeches on liberal economics after they have turned the world into chaos.
odalrich 2 years ago
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Wow, this is so unbiased (blatant sarcasm)
OK, the major banks that are receiving bailout
have hidden $ in tax havens.
Check this report out:
youtube/watch?v=4m4TbRI_wr0
titosanchez666 2 years ago
Tax havens are not just for the tax evasion purposes which are just pennies compared with loots from the public funds, drug money and laundering, illegal contributions, bailout shares, secret lending, etc.
If you sum up the assets of the Mexican billionaires on the Forbes list, you'll get number close to the total debt of Mexico, for instance.
MohammadX101 2 years ago
Powerful video. I've gotta reload again the various conferences on this.
Owleyes888 2 years ago
My name is Entropy56 and I approve this message.
Entropy56 3 years ago
Yes the Austrians are always right... Actually the greatest way to improve compliance is to simplify it, So lets just Tax without loopholes.
shadowgunman 3 years ago 2
I'm with you on that. In fact, I'm not in favor of flat tax rates, for example, but if they have one virtue, it's that they are simple, predictable, and have no loopholes. The nicest thing you can do for a business (or individual) is allow them to make plans around the simplicity of the taxation system.
OlivierdeAthos 2 years ago 2
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This is just a right-wing rant. The Cato Institute has with other foundations been fighting for the interests of billionaires for years. Everyone mocked here is a Democrat. Real balanced guys!
garrettroche 3 years ago
Did you consider that Democrats just promote more stupid ideas?
nick3fry 3 years ago 9
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Stupid ideas? Ideas have people they benefit and others they don't. Dismantling the already weak US Social Security system and winding back the NEW deal, is constantly the aim of Cato amongst others. This would benefit a minority of the population and thus is a bad idea for most - However, unlimited campaign finance and a confluence of idealogues, bigots & billionaires all vote for such inequality increasing measures.
garrettroche 3 years ago
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Why would a US citizen want to own a company registered in the Cayman Islands, which is controlled by a 'Trust' in Monaco and has its' bank account in Luxembourg?
Why go to all this trouble if it isn't to defraud?
tomme1981 3 years ago
Daniel, you look pretty good :)
betterlife69 3 years ago
Hi! My name is andshell. I've been raised improperly by my parents to think that its OK to make fun of others. Rather than educate myself on the fundamentals of finance and economics, I've resided to poking fun at people rather than engage intellectually in conversation. I feel very good about myself.
NatureDriven 3 years ago
I hope your parents have taught you not to violate other people's privacy by peeping through their windows because that person inside wont be entertaining you but do things to hurt you in self-defense. poking fun at you would be one of doing it. if your parents and elders have convince you that it's OK to do this then they must have had similar bad parents.
MohammadX101 2 years ago
Tax havens are a very importance defense mechanism of the private sector in response to the ever growing beast that is the public sector. When corporations set up tax havens, all American consumers benefit from cheaper goods and services. This is the simple truth.
nkelly3440 3 years ago 6
ejw- This is dead on point. Your video makes it clear about taxes and the importance of how it effects our economy globaly. Your video also help to understand the GDP pre capita and, how to analyze the economic growth of different nations. Great Video. Your book "Global Tax Revolution: The Rise of Tax Competition and the Battle to Defend It" is an excellent book to read.
ejwebb93 3 years ago 2
How about we eliminate the corporate income tax? It is a double tax and it harms our economy.
KohnanTB 3 years ago 10
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im just gonna say it.. u are a fucking leach.. gtfo of my country
deadatom2 3 years ago
Here's a novel idea, lower taxes on U.S. corporations domiciled in the U.S. Not only will you have fewer companies using tax havens, you will also have less outsourcing.
leocat99 3 years ago 5
Thank you very much for making this video.
JMartins1981 3 years ago 5
Well if there is no big tax havens --then quit worrying about stopping them.
The tax rates on unearned income is far lower than tax rate on earned income. IN other words -- work is taxed 200-300% higher than investment income. The top tax rate on unearned income is 15% -and as low as 5%. THats not high at all.
MarkDouglasC 3 years ago