RT friend wrote:
The problem of the concentration of wealth is tied up in the concept of value, Political Economics as opposed to just plain Economics tried to come to terms with a logical appreciation of value primary in political terms, I think Political Economics just became Ideology dressed up in acceptable terms for a broader audience, it certainly didn't come up with an answer.
How about Cripto, I wouldn't invest myself because it's harum to do that, and Cripto is just another elitist class of people who happen to be doing something unique, by adding an adjustment to the concept of value that no-one foresaw, I think it will get bigger and bigger causing a redistribution of wealth.
The problem of the concentration of wealth is tied... (
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I personally would never invest in Cripto, it's all digital, one hack or keystroke and it's all gone. I prefer gold, silver and land as they have held their value over centuries. Can you believe Tulips were once the most valued commodity for a while. The best system ever developed is the barter system. Two people agree to swap an item they have with each other, that each wants or has a need for. Both feel they have made a good trade and everyone is happy. No government or money involved. The problem is someone will come along sooner or later and lie and cheat to take advantage because of greed or envy. Then you need laws and government and they do the same thing and call it taxes and legal and now your a slave. If you are forced to pay property taxes on your home or land, do you really own it? Or are you just making improvements until hard times come along and you can no longer pay your taxes and you lose it all. Money represent life, you spend your life/time earning it and that's what really gives it it's value. Then the laws charge a fee for every transaction they can think of and then waste it. They even tax death so they can steal what you saved up for your children. Taxes should only exist on imports and exports between nations and not on a nation's people. I don't expect it to ever happen during my lifetime, but stranger things have happened.
Peewee wrote:
I personally would never invest in Cripto, it's all digital, one hack or keystroke and it's all gone. I prefer gold, silver and land as they have held their value over centuries. Can you believe Tulips were once the most valued commodity for a while. The best system ever developed is the barter system. Two people agree to swap an item they have with each other, that each wants or has a need for. Both feel they have made a good trade and everyone is happy. No government or money involved. The problem is someone will come along sooner or later and lie and cheat to take advantage because of greed or envy. Then you need laws and government and they do the same thing and call it taxes and legal and now your a slave. If you are forced to pay property taxes on your home or land, do you really own it? Or are you just making improvements until hard times come along and you can no longer pay your taxes and you lose it all. Money represent life, you spend your life/time earning it and that's what really gives it it's value. Then the laws charge a fee for every transaction they can think of and then waste it. They even tax death so they can steal what you saved up for your children. Taxes should only exist on imports and exports between nations and not on a nation's people. I don't expect it to ever happen during my lifetime, but stranger things have happened.
I personally would never invest in Cripto, it's al... (
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I suppose the real reason I never invested in Bitcoin since I've been watching Max Kaiser for years is that I too invested everything in land and house, but I always plugged up Bitcoin on the internet because it's more anti Globalist rather than anti Gov. Cultivators canngro the crop but not necessarily harvest it, that's why I'm big on Government.
Totally disagree with you on Death Duties, I lived and witnessed them for years and years in Queensland, all Australia had Death Duties then in the very late 60's Joh Bjelke-Peterson got given the Premier's job by a deceased Office Holder, the first thing he did was to cancell Death Duties and became so popular he stayed in Office for 19 years, then got the arse for being corrupt.
However my story is that everyone was selling up and retiring in QLD to save paying Death Duties so all the States had to scrap them.
Problem was that property prices soared and private estates just got bigger and bigger rent paying Australians got hammered and still are, it was much more fairer for everyone under a regime of Death Duties.
I put money in crypto about 3 weeks ago. It’s almost doubled. Not to excited yet. We shall see.
RT friend wrote:
I suppose the real reason I never invested in Bitcoin since I've been watching Max Kaiser for years is that I too invested everything in land and house, but I always plugged up Bitcoin on the internet because it's more anti Globalist rather than anti Gov. Cultivators canngro the crop but not necessarily harvest it, that's why I'm big on Government.
Totally disagree with you on Death Duties, I lived and witnessed them for years and years in Queensland, all Australia had Death Duties then in the very late 60's Joh Bjelke-Peterson got given the Premier's job by a deceased Office Holder, the first thing he did was to cancell Death Duties and became so popular he stayed in Office for 19 years, then got the arse for being corrupt.
However my story is that everyone was selling up and retiring in QLD to save paying Death Duties so all the States had to scrap them.
Problem was that property prices soared and private estates just got bigger and bigger rent paying Australians got hammered and still are, it was much more fairer for everyone under a regime of Death Duties.
I suppose the real reason I never invested in Bitc... (
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RT friend wrote:
I suppose the real reason I never invested in Bitcoin since I've been watching Max Kaiser for years is that I too invested everything in land and house, but I always plugged up Bitcoin on the internet because it's more anti Globalist rather than anti Gov. Cultivators canngro the crop but not necessarily harvest it, that's why I'm big on Government.
Totally disagree with you on Death Duties, I lived and witnessed them for years and years in Queensland, all Australia had Death Duties then in the very late 60's Joh Bjelke-Peterson got given the Premier's job by a deceased Office Holder, the first thing he did was to cancell Death Duties and became so popular he stayed in Office for 19 years, then got the arse for being corrupt.
However my story is that everyone was selling up and retiring in QLD to save paying Death Duties so all the States had to scrap them.
Problem was that property prices soared and private estates just got bigger and bigger rent paying Australians got hammered and still are, it was much more fairer for everyone under a regime of Death Duties.
I suppose the real reason I never invested in Bitc... (
show quote)
Always wanted to say this to an Aussie, good day mate, what's on the barby, sorry, had to say it. Regime of Death, just that name would have made me behave as a kid or have nightmares. I can hear mom's all over the country saying, you better behave or I'm calling the Regime of Death to come get you. Shiver me timbers. Good luck with your investments and hope you guys get your guns back. Oh, and thank you for producing Olivia Newton John (what a babe and voice) and Mel Gibson (knows how to act and produce). Bet his sequel to the Passion will be the biggest money maker in history.
Chocura750 wrote:
If you don't know this you are uninformed and haven't been paying attention.
You can tax the uber rich 100% and you will barely put a dent in the national debt not to mention the additional $200 trillion in unfunded liabilities.
Do you understand its the filthy rich that is brainwashing you into thinking they should be paying more as a way for you people to think they actually care for your dumbass!
Do you even understand how our money is created? You cant make a comment like that if you do not understand how it all works.
Chocura750 wrote:
A yearly property tax of 1% on wealth in excess of $4,000,000 would be a start.
Now do the math and tell me how that stacks up to $20 trillion?
What does getting money from the RICH have to do with our Country??? Do you not understand that our Country just PRINTS what money they need for whatever projects they deem they want? The RICH don't actually have cash sitting in their top drawer of probably in banks for that matter. Please try to educate yourself for your own sake. Your hate wears ugly on you. Mike
Chocura750 wrote:
If you don't know this you are uninformed and haven't been paying attention.
JFlorio wrote:
I put money in crypto about 3 weeks ago. It’s almost doubled. Not to excited yet. We shall see.
REMEMBER, pigs get fat, hogs get slaughtered~
peter11937 wrote:
REMEMBER, pigs get fat, hogs get slaughtered~
Well, when is it Moochelles's turn?
My wife liked your jokes....as did I. That saying refers to investment cash, take the good profit, don't hold out for everything and lose it all.
JFlorio wrote:
I put money in crypto about 3 weeks ago. It’s almost doubled. Not to excited yet. We shall see.
I said initially that it would work but I'm afraid to get an account, the coppers did it for me big time 1969 because I cancelled a bank account then didn't go ahead with the purchase of a car and opened up another account from scratch with another bank and didn't go travelling, the magistrate just said I couldn't account for a about a thousand $ so it must have been stolen, I had a lawyer but unfortunately he got my case history mixed up with somebody else, it was best just to forget it and have a holiday in the big house.
Anyhow if you got Crypto your pension is going to be a question mark down here, I value my pension above all else, its not just money it's legitimacy.
Apart from that I knew it was a winner and probably always will be, I am a member of the Turntable Falls Commune, have been since 1976, Cripto is exactly the same, they are just selling shares in an idea, Anarchists and Libertarians is like what us hippies was, except they got a big buddy, most of the action in Cripto came from China and to a lesser extent Russia, who have no problemo with anarchists or libertarians they will keep it viable, because the West is built on liberty and Cripto will hurt, Cripto millionaires the first new class since Industrialization, get this.
Feudal was owners and owned people.
Post French Revolution was owners and workers.
Post Industrial era is Investors , pensioners and suckers.
When Clinton left office the public debt was on track to be paid off in 10 years. The Bush tax cuts made that impossible. The Trump tax cuts are going to make a massive increase in the deficit and the debt. Read some of the analysis the firm's like Goldman put out. They fear that the interest on the debt relatively soon will be so large largethere will be a squeeze on other expenditures. I recommend you start reading a blog called Zero Hedge. It republishes a lot of informative stuff.
That was because of Gringrese/.
Chocura750 wrote:
When Clinton left office the public debt was on track to be paid off in 10 years. The Bush tax cuts made that impossible. The Trump tax cuts are going to make a massive increase in the deficit and the debt. Read some of the analysis the firm's like Goldman put out. They fear that the interest on the debt relatively soon will be so large largethere will be a squeeze on other expenditures. I recommend you start reading a blog called Zero Hedge. It republishes a lot of informative stuff.
Chocura750 wrote:
If you don't know this you are uninformed and haven't been paying attention.
I looked-up a list of every billionaire and millionaire in the USA as of 2017, and their entire wealth came to just over $2 Trillion (source was "Forbes")... Pres Obama's Administration showed a Debt Increase of $8.335 Trillion (source was the USA Treasury Monthly Debt Reports), or $2 Trillion Increase in 2 years...
Getting every single dollar from Our rich would not save us from Doom... Having the USA Congress and the President stop borrowing and start paying off Our Debt is the answer to saving Us from Doom-Nation...
If you didn't know this, you haven't done the research to see how much wealth the Rich have vs how much Debt Our Government has put US into...
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