Economy just isn't doing very fine right now, but I don't mind it that some people are filhy rich, they are not the cause of he problem. People find it unfair that they get tax-cuts but Inthink it's unfair there isn't a cap on the amount of money that can be taxed
Except they did cause the problem. Rich people looking to sell their bundled up whatevers get other rich people to commit fraud by labeling them as AAA++++ would buy again. Housing meltdown triggering a cascade of other meltdowns as the bubble bursts. Meanwhile the average citizen who never majored in finance doesn't know how to play the stock market and doesn't realize why his bank would give him a loan if he wasn't good for it. All because it's better for the bottom line to have long term debt slavery then for responsible people to get their money, pay it off and be on their way.
Your government is kinds guilty of that, they enforced programs in risky area's, read up on the 'community reinforcement act'. It looked good untill the housing market suddenly collapsed and the banks were stuck with loans they would otherwise never have given. We have a similar bubble here, people live in houses that rised in value fast, and they used that fictional money. When prices will drop they are in trouble because they spend the additional value that was given. Glad I never fell for that I have just payed my debt.
They are the exact cause of the problem. They speculate, they gamble and when it all comes crashing down, we foot the bill. Coffee is a naturally produced substance and it has been for millions of years. One day we decided we needed guys to decide how much it's worth though. Guys who could speculate on its wealth and tell us if it was worth more or less. They usually did so for their own gain and if their little game put the price down thus destroying the lives of the suppliers, they didn't care. They were too busy in the City drinking champagne and cheating on their wives who would still adore them like the gods of Mammon we've made them out to be.
As for taxes, it isn't them being taxed too much, its the fact they don't pay tax. This money could have sorted out the budget deficits for this year of numerous nations. The USA only had a deficit of $1.2 trillion whilst the rich hoarded 12 trillion like Smaug the dragon. They expect our stupid consumer society to pay for them. We work jobs we hate so we can buy rubbish we don't need. We give them money and they give us nothing back. They just continue to speculate on our lives. The ultimate aim of any good city boy is to make a heap of money. Not for us but for himself. It is irrelevant how he makes this money. He can lie, cheat, sell his soul, make a pact with the devil and even kill. It doesn't matter. All that matters is he makes money. We are his thralls and we rely on his benevolence as only he can guide our lives to betterment through his economic insights. We sold our souls to morons and they plan to make or lives a misery till we cant give them any more money. Then they'll discard us like their strip club receipts.
But you do get something back, you have a job there and you get payed for it. I find the notion that their money really belongs to the community becausev hey happen to have more of it rediculous. Aren't we suppsed to have a quid pro quo situation with the state, how does paying a tenfold or thousandfold then others make sense.
Last edited by Fragony; 08-29-2012 at 01:21.
That's not been true for a long while now 80% of Dutch workforce is employed in the service sector and apparently 70% of your countries GDP is generated by same.
Apparently inequality breeds nothing butwho cry to the government when there stock exchange lotto ticket doesn't pan out.
Apparently MORE inequality is needed because spending money on health and education was what caused bankers to lose the run of themselves.
Exactly the Wall Street morons can make there profits because in Europe and the USA contracts are protected by law and people abide by them and use the to resolve disputes.
Lets see how well they do trying to leverage mortgage backed securities in Somalia before we call them the creative classes.
Indeed
Last edited by gaelic cowboy; 08-29-2012 at 10:57.
They slew him with poison afaid to meet him with the steel
a gallant son of eireann was Owen Roe o'Neill.
Internet is a bad place for info Gaelic Cowboy
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