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Genesis Posts: 71435 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/990-Bu....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-04-27 12:35:58
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Mtgspy Posts: 6122 Incept: 2007-10-27 
Online
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" I'm sure we can find a dry river bed for their tears." I am sure I can find  too
---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2009-04-27 12:39:54
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Pika-steph Posts: 39200 Incept: 2007-09-11 
^Why I keep^ fighting; so he is not fighting for nothing.
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Andrew Lloyd Webber had an excellent article out in the Times yesterday. He's considering leaving England too.
---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org  "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
2009-04-27 12:44:07
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Aztrader Posts: 4959 Incept: 2007-09-10 Scottsdale, AZ
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http://www.alternet.org/workplace/137561....
2009-04-27 13:28:28
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Mayorquimby Posts: 5868 Incept: 2008-09-18
Ponzi Planet
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Expect more tax increase for wealthy and fewer evasion options. Gvmts are desperate for cash and they will tap these 'sources' as they grow more desperate.
---------- It's a PONZI ECONOMY and it already HAS collapsed. Now they need more ponzi!
2009-04-27 13:46:41
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Hilandstrata Posts: 58 Incept: 2008-10-19
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An Inside Look at One of the Biggest Scams in America By Doug Casey Saturday, April 25, 2009 I don't feel I've said enough about the class of professional American corporate executives in the past, partly because it's impossible to say enough about this generally despicable class of empty suits. Once upon a time, most large companies were run by the men who founded them, and those men were almost always the controlling shareholders. Their interests were aligned with those of the other shareholders. Few, if any, of today's execs in big corporations have major share positions (and if they do, it's strictly because they were granted cheap options), and few, if any, have actual technical expertise with the products their companies produce. Take Rick Wagoner, the ex-CEO of GM. This suit basically has zero interest in cars; he's an expert mainly in the infighting and bootlicking it takes to climb a corporate ladder. He's a political hack, like all the managers that preceded him for the last 40 years. And he's typical of top management in most large public companies. Why is this? It's worthy of at least a long essay. My guess is that nobody has an interest in seeing things done well the way a founder does, and the further you get from the source, the more diluted things become. As a company that's become rich gets older, it naturally, like an animal in the wild, picks up more parasites. The bigger the corporation, and the further from the production lines the management, the more important the backslapping and backstabbing becomes, as opposed to any kind of technical competence. So the worst people, not the best, rise to the top like scum. The current system of corporate governance, guarded by the SEC, cements them at the top. Management, not shareholders, appoints the board of directors – who in turn, instead of acting as watchdogs for shareholders, become lapdogs for management. Management shouldn't even have a seat on the boards of public companies, much less the chairmanship, which is usually the case these days. With current laws, it's almost impossible for shareholders to dethrone management – even if they grant themselves huge salaries, giant options, and insane bonuses. That's because shareholders would have to mount proxy battles at a huge expense, while management defends itself with the shareholders' treasury. Have you ever noticed on a proxy that you as a shareholder can only vote "For" or "Abstain" for a director nominated by management, while it's impossible for shareholders to put forward a new slate? Some of this is likely attributable to the simple fact that most shareholders don't directly own shares anymore. Rather, their investments are held through pension funds and mutual funds, which rarely get involved in trying to correct management; if they don't like it, they just sell the shares and management goes on its merry way. Even so, my basic contention stands – that the people who rise to the top in large corporations are exactly the same types that rise in government. As a case in point, I offer Edward Liddy, the CEO of AIG, the ex-director of Goldman appointed by his crony Hank Paulson to run the company last year. He impresses me as a particularly duplicitous and smarmy bastard, trying to hide misfeasance and malfeasance behind a glib smile and honey-coated words. Get a load of this: "The marketplace is a pretty crummy place to be right now. When the world catches pneumonia, we get it too." As if it was the fault of the market that management turned an insurer into a hedge fund. He went on to say AIG was being "consumed by the same issues that are driving house prices down and 401K statements down and Warren Buffett's investment portfolio down." Only a sociopath on the ragged edge of insanity would try to disguise the fact the giant, bankrupt company is still sucking down hundreds of billions of taxpayer bailout money by comparing himself to Warren Buffett. It's almost as if he was trying to model himself on one of Rand's antiheroes in Atlas Shrugged or The Fountainhead. But society has become so corrupt, I haven't seen any outrage about his words in the media. No surprise there. By the time this period of history comes to an end, the whole financial, economic, and political landscape will have changed. I just hope it won't look like it's been painted by Hieronymus Bosch. Regards, Doug Casey Last modified:
2009-04-27 13:52:37 by hilandstrata
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Escaping_east Posts: 107 Incept: 2009-04-19 Europe
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They know they can get away with it. The public in general really is stupid and couldn't care less how their tax money is being spent as long as some basic necessities are met which do not even include maintenance of infrastructure and a decent public education system. As long as the shelves are stacked and the television provides the entertainment the impetus will be too small. Those that keep the society running by their productivity are already in the minority. Democracy has eaten itself. We are now witnessing the biggest robbery in history and most of the anger has been vented in digital form, no point in changing things if that's all you're facing. People used to have foresight, now anything that is not direcly in front of their faces isn't even registered or though about. ---------- The problem with socialism is that eventually you run out of other people's money
2009-04-27 14:20:14
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Skipper Posts: 46 Incept: 2009-03-05 England
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"In fact, every job I've ever landed was offered to be my someone who had more wealth than I did at the time I took the offer."
That should pinned up in many offices. And, in the case of the current UK government, tattooed onside their eyelids.
2009-04-27 14:34:11
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Trappped Posts: 73 Incept: 2009-02-13 Banned
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Hilandstrata, Good article. I mentioned this before. We can trace these bastard CEO's from our esteemed business schools like Harvard, and more generally the formal educational systems that are overpriced marketing machines. It's been etched in our social fiber that.....YOU MUST GET A COLLEGE EDUCATION TO SUCEED !!! Most sucessful business were run by thier founders. Two of the nation's greatest sucess stories are MSFT and Ford. Henry Ford was illiterate and Bill Gates was a drop out.....go figure !!!
2009-04-27 14:54:13
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Weaseldog Posts: 282 Incept: 2008-12-11 Texas Banned
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Are you arguing that taxes should be inversely proportional to wages? The less you make, the higher the tax rate? If you earn less, the gov takes a bigger percentage bite out of your check? ---------- "You can know the name of a bird in all the languages of the world, but when you're finished, you'll know absolutely nothing whatever about the bird... So let's look at the bird and see what it's doing -- that's what counts." - Richard Feynman
2009-04-27 14:58:17
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Xanares Posts: 1288 Incept: 2008-11-10
London
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The first country adopting fair-tax will be the first out of the ****.
2009-04-27 15:01:13
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Coaster Posts: 193 Incept: 2008-07-25 Maine
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X: "fair-tax"?
2009-04-27 15:07:13
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Empyre Posts: 222 Incept: 2008-12-31
Selah Wa
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www.fairtax.org
2009-04-27 15:15:57
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Jstanley01 Posts: 2574 Incept: 2008-07-30
San Antonio, Texas
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Coaster:Quote:The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including: ---------- ...so in short, my fellow Texans, we must secede. "For the children..." --Me
2009-04-27 15:16:32
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Need4mospd Posts: 12 Incept: 2009-02-04 Houston
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Xanares: I've long given up the pipe dream that politicians would willingly give up that much power. The Fair Tax has no chance as long as politicians continue to serve their need for power instead of the needs of the people.
2009-04-27 16:16:42
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Impetunomics Posts: 421 Incept: 2009-04-08 Houston, TX
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I think tax reform is out of reach for the reasons stated above. Tax reform would just give them an excuse to spend more wouldnt it? It doesnt fix anything really and would be hard to find common ground. Spending and corporate welfare is the real problem. ---------- At best.
2009-04-27 16:28:43
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Xanares Posts: 1288 Incept: 2008-11-10
London
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Well that is right Need4mospd, in which case I should have written "would" iso. "will". I have no illusions current politicians would do this, but there is always a tomorrow.
2009-04-27 17:12:48
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Icanhasbailout Posts: 2170 Incept: 2009-03-10
Imaginationland
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I think I can, I think I can...
---------- I can has TARP? http://icanhastarp.com
2009-04-27 17:35:10
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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Russia has fair-tax. It's still as ****hole.
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-04-27 17:39:02
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Vfl Posts: 147 Incept: 2009-03-19 Seattle Metro, WA
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The city (London) is a place where stealing, lying, and/or frauding scheme is sanctioned so long as it is done by an entity once removed. The concept of alter ego doctrine does not apply in the city of London. It is almost lawless when it comes to financial regulations. That is the main reason why all major banks of USA rushed to the City and set shop there.(wonder why major banks are always acted as the manager for the unknown offshore entities, but never conduct the business in its own name?) Just ask AIG. The City, like Bernanke, cooked, cleaned and took care of its golden eggs (the finance industry and its offshore operation). I heard people saying something like "Don't buy what Goldmand Sachs is selling". Soon, it will be something like "Don't do business with the City for crooks are legally sanctioned to steal, lie, fraud and whatever."
2009-04-27 17:47:54
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Vfl Posts: 147 Incept: 2009-03-19 Seattle Metro, WA
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All taxes are unfair. There is no such thing as fair taxes. No one is voluntarily paying taxes and the taxes are collected or robbed by using force (literally via the threat of depriving either freedom (jail time) or imposing monetary damage). There is a certainly that some classes of taxpayers are paying more than other classes. It was, is and still will be the situation. There is no such thing as fair taxes.
2009-04-27 18:01:41
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Robertmc Posts: 48 Incept: 2008-09-24 Tallahassee, FL
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@Nobody should be able to lie, cheat and steal and get away with it. Here's a funny story (or sad depending on how you look at it). About 30 years ago, when I was young and dumb as a rock, I bought a ring from a guy who was desperate for some money. "Heck yeah it's gold, solid through and through". As you can guess, I got ripped off....not worth 5 bucks. But the parallel here fits what the banksters have done. "Heck yeah, these senior tranches on these CDSs are gold. GOLD, I tell ya". That's the lie. And when you sell that crap knowing fully well it's mathematically impossible for these 'financial innovations' to be sustainable, that's fraud...you're cheating someone out of their money for a fee...you're selling someone a ticking time bomb. So the next time you hear one the bobbleheads on the teevee say 'they didn't know these things were gonna blow up'- you holler back B*llsh*t! In this case, LYING = STEALING ---------- Sweet Poison http://www.youtube.com/watch?v=dBnniua6-....
2009-04-27 18:25:51
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Drunkle Posts: 1002 Incept: 2008-02-11 san diego ca
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"that the people who rise to the top in large corporations are exactly the same types that rise in government." "It is time to cut the crap and come clean to The American People" i liked it better when you were ranting on tf'ers to "do something". tf'ers were doing whatever they could, but it wasn't enough (and it isn't) and you would bitch and moan. but at least you were trying to incite people to action. rather than begging the establishment to convict themselves. i watched alive day the other night. i was thinking, why the hell are they doing patrols in hum vee's when they're obviously not sufficient for the task? i was thinking about the rally, the doom and gloom and reevaluating my position that gov corruption will end in tears. we have job losses, but not chaos. we still have running water, electricity and stocked food marts. roving gangs of ultra violent yewts have yet to form. pop music is still bubble gum. and those poor bastards in iraq and afghanistan are still running around with insufficient armor. doing what? al queda didn't have to lift a finger, 9/11 didn't even have to happen for them to get their wish. you think that maybe, just maybe, their judgements on our american gov and corporations were right? trillions in banker bailouts, soldiers patroling in soccer mom suv's. that's a problem. that's here and now. **** the bond vigirantes or the stock market or the pig flu. when pigs fly... democrats said we denounce the war, but support the soldiers. but just not as much as the bankers. rumsfeld wanted a military for the 21st century, light weight fighting forces for the new battlefield. so light, that in place of tanks, we send in investment bankers; goldman, et al to invade iran. ---------- America: Home of the Fleeced, Land of the Slaves
2009-04-27 20:37:39
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Drguid Posts: 199 Incept: 2008-09-16 London, England
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This taxing of the rich has been highly successful in keeping the sheeple happy. What they're too clueless to realise is that they're next: 30% (or higher!) tax across the board or 20% interest rates will be coming to all of us if the government doesn't do something about excessive spending and the bond markets give us a good spanking. Last modified:
2009-04-28 06:54:04 by drguid
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Tesla Posts: 8182 Incept: 2008-04-03
Delaware
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Actually what the sheeple don't understand is that taxing the rich really isn't - they have money to pay the high-priced folk to set up family trusts and the like to get out of taxes. Why do you think the Kennedy's and others are still wealthy after all these years of high death taxes ?
---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-04-28 08:14:13
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