Prof. Joseph Stiglitz on: Banking Regulations
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In this case, no matter how you look at it, the corporations and the governments had colluded to create this mess. Yes, the banks misused the money that was given to them by the central banks, but it was in fact the central banks that gave them that money. The problem is not that there are no cops around the street corner waiting to stop the bad guys. The problem is that this form of theft has been institutionalized and legalized. The problem is that the cops ARE the co-conspirators.
AccumulatedKnowledge 1 month ago
They stole candy from the candy store and the candy became spoiled or rotten and they said hey wait, I want some real good candy, hey, government give me some of your candy. Then the government said, we do not have any candy, but all of those people do, so we will take their candy and give it to you. Then the FED said, while we are at it. I'll make some nice candy for you, give it to you at no interest and if we ever have to have more candy, we take it from all of the people who have candy left.
4390100 3 months ago
@murrchops
"existing home-owners would be forced to pay more in LVT or sell up and move to a poorer neighbourhood."
You obviously cannot figure this out. It is best you let other do the thinking for you. Search Youtube on:
"Ricardo's Law ~ The Great Tax Clawback Scam", for starters.
NearAbbeyRoad 3 months ago
@murrchops
The average wage earner would pay about £5K less per year in total taxes. LVT does not take people's homes away. I can't as then figure do not add up.
It is best you do some reading and least TRY and understand something so fundamentally simple.
Alas, I think you are too far gone and that is beyond you.
BTW, Winston Churchill was a massive fan of the teachings of Henry George. Also Einstein, Tolstoy, etc. Totstoy said,, sort out the land & many social problems will disappear
NearAbbeyRoad 3 months ago
Great quotes there.
We feel the basic thought is with our monetary system.
Simon Dixon
bankingreform 3 months ago
Respond to this video... cont... and existing home-owners would be forced to pay more in LVT or sell up and move to a poorer neighbourhood. For this reason I find this tax abhorrent and to say if it wasn't paid the government would take these peoples homes away is even worse, in a gentrified area the poor home-owners who had perhaps inherited their properties would be forced out.
murrchops 3 months ago
@NearAbbeyRoad The way people work out how much they should pay for it is through it's rental yield and replacement value. You can't just say it's what people are willing to pay for it.... You've basically just agreed with me. Land valuation tax would force poor people out of their houses if the area became inhabited by more productive and more educated people. If yuppies moved into an area and started businesses etc the rental values would go up,
murrchops 3 months ago
@murrchops
Landowner rents at market rates & pays LVT to HMG. If landowners defaults on LVT the same as now. HMG takes property, sells on taking its tax & cut.
LVT CANNOT be avoided or taken offshore.
Queen (HMG) owns all land. We only have a set of rights - title. Freeholder HOLDS land FREE of fee from HMG.
DotCom bubble was benign.
Bubbles in tax free LAND and RESOURCES, cause crashes.
LAND is unique, not a dishwasher.
Income tax was temporary to fund Napoleonic war - landowning Tories kept it
NearAbbeyRoad 3 months ago
@NearAbbeyRoad If products are being produced on the property by the owner, costs will increase, there are no two ways about it. If a business rents a property from the owner then they will be paying what they can afford the loss is taken by the owner. What does the government do if the owner doesn' t pay the tax? If they have the power to tax then they have in essence de facto ownership of all land. Bubbles are a direct response of excess credit this can be seen in the rising cost of gold now.
murrchops 3 months ago
@murrchops
" I have no idea why you think the costs will not be passed on it is an extra expense and has to be paid for".
LVT cannot be passed on more than at present. Landlords always gets as much as the market will pay. If he is not he is undercharging. Apply LVT and the market comes into play. He cannot get more than the market will pay. David Ricardo:- LVT cannot be passed on.
Crashes were because debt after debt was poured into LAND as gains were tax free - Nothing to do with credit
NearAbbeyRoad 3 months ago