"Confiscatory" Wealth Tax.

Test runs in the EU as well.

God help us all if Karmala gets in, confiscatory taxes oj steroids then your house, cars and anything else the gvmt. sees fit.

"YOU WILL OWN NOTHING AND YOU WILL BE HAPPY"

Last Edited by Patagonians on 11/21/2020 08:32 AM

There is no victims. This is all government theft

Thnx for the pine.

Most of my wealth has been in crypto for multiple years now, nobody knows how much I own, not even my wife.

You are correct.

Smart man, don't know who is more dangerous around money and assets, the gvment or the wife.

Last Edited by Patagonians on 11/21/2020 09:32 AM

I've got no qualms about taxing the ultra-wealthy in the UK, especially where they have generational wealth built on direct theft from the masses.

In the UK, all land used to be shared evenly between everyone, so you could build your hut, grow you food and not have to pay taxes, rent or mortgage etc.

Then, between the 1400s and 1800s, friends of the aristocracy were given titles and land to go with that. The land they received was literally taken from under the feet of the people, and all of a sudden they had to pay rent and taxes to the new robber barons.

The descendants of these families still live on that land and bask in its wealth this very day. If they get taxed out of the arsehole, I have no problem with that. I would go one step further and give common land back to the people so we can all have our own little piece of property to call our own.

I don't agree with over-taxing people who have built their fortune on the back of honest hard work - that just leads to a brain drain and lack of entrepreneurial spirit.

Thread: Very REAL Possibility Big Pharma's 'OPERATION WARP SPEED' will ESCALATE into THIS... (Video)

I'm kind of on the fence wo5h this one, it starts with the ultra rich, ok, then the wealthy then the well off and so on.

Taxes is a very addictive drug to the gvmnt. but I don't have to tell you that as you are British.

The problem is the rich or top of the hierarchy derives all that they have from the poor or bottom of the hierarchy.

When the demand by the top becomes greater than the bottom can supply the hierarchy collapses.

There is a maximum potential for the productive members of the hierarchy or the net producers to sustain the consumptive members of the hierarchy or the net consumers.

80% of the employed members of most hierarchies of the world are net consumers of resources while 20% are net producers of resources.

Meaning 2 out of 10 are taxed to sustain the other 8 out of 10.

A large proportion of you all are net consumers of resources.

"The Pareto principle states that for many outcomes roughly 80% of consequences come from 20% of the causes (the “vital few”). Other names for this principle are the 80/20 rule, the law of the vital few, or the principle of factor sparsity"

"The Pareto distribution, named after the Italian civil engineer, economist, and sociologist Vilfredo Pareto, is a power-law probability distribution that is used in description of social, quality control, scientific, geophysical, actuarial, and many other types of observable phenomena. Originally applied to describing the distribution of wealth in a society, fitting the trend that a large portion of wealth is held by a small fraction of the population. The Pareto principle or "80-20 rule" stating that 80% of outcomes are due to 20% of causes was named in honour of Pareto, but the concepts are distinct."

Current break down in Argentina.

agriculture: 10.8%
industry: 28.1%
services: 61.1%

10.8 + 28.1 = 38.9% = net producers
61.1% = net consumers

61.1% of the population are sustained by a tax upon the other 38.9%

"The country has its roots in Spanish colonization of the region during the 16th century. Argentina rose as the successor state of the Viceroyalty of the Río de la Plata, a Spanish overseas viceroyalty founded in 1776. The declaration and fight for independence (1810–1818) was followed by an extended civil war that lasted until 1861, culminating in the country's reorganization as a federation of provinces with Buenos Aires as its capital city. The country thereafter enjoyed relative peace and stability, with several waves of European immigration, mainly Italians and Spaniards, radically reshaping its cultural and demographic outlook; 62.5% of the population has full or partial Italian ancestry, and the Argentine culture has significant connections to the Italian culture."

Italy break down.

agriculture: 2.1%
industry: 24%
services: 73.9%

2.1 + 24 = 26.1% = net producers
73.9% = net consumers

Spain break down

agriculture: 2.6%
industry: 23.2%
services: 74.2%

25.8% = net producers
74.2% = net consumers

USA break down

agriculture: 0.9%
industry: 19.1%
services: 80%

20% = net producers
80% = net consumers

United Kingdom

agriculture: 0.8%
industry: 20.2%
services: 79%

21% = net producers
79% = net consumers

I think France tried this and decided it didn't work.

France

agriculture: 1.7%
industry: 19.5%
services: 78.8%

Contributing members

1.7 + 19.5 = 21.2% = net producers or productive members of society

78.8% = net consumers or consumptive members of society.

The amazing part as well is how governments of the world keep you all basically equally ignorant.

Last Edited by HYpEr7l93r on 11/21/2020 09:03 AM

Norway, Spain, and Switzerland. Belgium, Italy, and the Netherlands levy wealth taxes on selected assets, but not on an individual’s net wealth per se according to the Tax Foundation.

at least something good from their release of the COVID, don't let just the peasants take the burden of the plandemic, tax the richest who are already avoiding the taxes, sending the money to off-shore accounts, destroying their own economies and using their well known and privileged tax loopholes

Last Edited by money$$$ on 11/21/2020 09:33 AM

handing out red t-shirts if that happens -

:ohsnap:

ya but where that money going to go? surely not to the poor -

It rarely does if at all, nothing changes. The poor get screwed. ALWAYS.

I have a feeling if BLM and their lapdogs in Washington get their way, the US will get the same thing as a form of reparations and to address the fabricated problem of 'systemic racism'.

But it won't just be the 'rich', it'll be every white person who earned a paycheck

HyperTiger?! Izzat YOU?! The guy from (iirc) 2005-2010 who used to talk about hyper-hyper-mega-deflation at our doorstep?

PS: I recognized the name and the avatar, both.

5* and

Argentina better start mining again.

What gets me are all the rich liberals who want a tax on their wealth, but they don’t give any of it to charity (well not a worthwhile one) or do anything to better the human condition.

They don’t have clean drinking water or sewage treatment in many parts of Africa, but libtards are willing to spend fortunes on global warming while the most deadly and easily curable disease in the world, dysentery, kills millions. Those people are evil.

I favor a confiscatory tax on the transgenerational transfer of wealth capping it at $50mn.

I do not favor suppressing the creative force of business acumen simply limiting the transfer of economic and political
power to future generations.

Capping wealth at $50mn is not exactly throwing someone out on the street penniless!

people with more than $2.5 million in net worth - over 10,000 individuals - will make an "Extraordinary Solidarity Payment,"paying a one-off 2% flat tax. The tax would increase progressively as equity increases, under the proposal.

"The level of concentration of wealth, in a few hands, is so strong that this contribution falls on less than 0.02 percent of the population," said government deputy Fernanda Vallejos during debate. "About half of what is collected will be contributed by only 252 people, those who are at the top of the pyramid."

TWO PERCENT?! How do they expect these people to survive?!



According to AFP, between 9,000 and 12,000 people fall into that bracket in Argentina, a country with 40.9% of its 44 million inhabitants currently living in poverty. Unemployment stands at just over 10%, with the economy still yet to overcome a recession that began in 2018. Things have only worsened after the coronavirus pandemic, and the IMF estimates GDP will contract by 11% this year.

***This*** People that have worked hard to buy their cave should not be thrown out into the jungle due to governmental taxation that just goes back to the wealthy to expand their holdings.

With only half of our military budget for one year we could transform all of inner Africa to second world.

Crypto looking even better

Last Edited by Chaz Aldrin on 11/21/2020 12:37 PM

Just a number on a computer screen. Turn off the power and go buy groceries with it.

But seriously, anything computer based will be hacked. Don't ⁷take solace in your simple belief that the crypto is untouchable. It is, and has already been broken, you are just not aware yet...