Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Is there another option Keith ?
Roger
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
There is, of course, another option Roger. As I have outlined in my response to Barry's latest Blog. (For your convenience I copy it below)
Or shall a latter-day David step forth to face down the forces of Rapine and Plunder and meet their champion head on?
It would certainly be best to send the account holders of tax-havens to the barbers for their 'trim' could replace the SB&S that is (feared) to be meted out to the masses.
For if we, the western world, are to go against Conservative policy and and begin to seek-out deposits from those that have them why should it be preferred to set nation against nation rather than reduce the fortunes of the few? Better indeed to turn the mega-billionaires into mere multi-billionaires.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
So you advocate the theft of assets by governments as well then. You are another who thinks that governments and their needs come first over and above everyone, even when it is to bail-out governments for the consequences of their own stupidity.
I simply reject the dangerous idea that governments should have such power.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Keith, in the past I have advocated trimming private assets that go in the hundreds of millions of pounds.
Confiscating anything above 100,000 euro has never been my proposed policy.
But the EU is bust, many of its banks are insolvent.
And those banks that have been bailed out, such as the Spanish Bankia that got about 100 billion euro from the EU a few months ago, and many others around Europe (and Britain), must repay the bailout loans with the interest, which makes them effectively para-insolvent (heavily indebted and liable to insolvency).
However, the EU has cancelled some of Greece's debt to European and British banks, and no-one has yet called this theft, even though the EU has effectively committed theft by doing this.
It is one reason why Cyprus went bankrupt, because the EU commissars stole 4.5 billion euro of Cypriot money with the stroke of a pen.
How many other banks have had their money stolen by the European Union in this way?
Committing theft by cancelling Greece's loan-repayments to banks of other countries is a way to steal the money of millions - tens of millions - of people who deposited their savings.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
You yourself Barry, were the one to accept the validity of this approach, if only the assets above 100,000 were targeted.
You have you wish.
Where should power lie?
Where in a Democracy should power lie?
I picked this up on my 'travels' today...
"An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it." - Mahatma Gandhi.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Interesting roger/alexander you both suport the theft
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
what alternative/s does the cypriot government have other than taxing account holders?
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
if i had saved all my life and then be faced with this being dwindled away by others incompedence i wouldnt be happy
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Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Who then can be happy Keith?
State bail-outs lead to currency devaluation, only by thus hitting the currency can it be said that we are indeed all in this together. It offers no solution and no cure, this bail-out or bail-in merely addresses the symptoms.
The 'patient' is left to pull-through or not, as if the homoeopathy has done all it can. It is that the 'treatment' that could offer to bring health is a transfusion from those who do not use the high street 'O-' blood banks, but the ichor-banking system.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Tom Austin wrote:You yourself Barry, were the one to accept the validity of this approach, if only the assets above 100,000 were targeted.
You have you wish.
Where should power lie?
Where in a Democracy should power lie?
I picked this up on my 'travels' today...
"An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it." - Mahatma Gandhi.
Actually Tom all I said was that there is an argument for it, not the same as agreeing to the validity of it.
The individual comes first against over-mighty government, or should do.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Keith, as you should have noticed, I have mentioned in the past the private assets of the extremely rich (hundreds of millions of pounds in private assets), that could be trimmed, leaving the owners still extremely rich (in financial assets).
The EU has decided to rob the accounts of savers that get nowhere near these figures.
No support on my part for this act of theft by decree.
I don't even support Nick Clegg's mansion tax starting at 1 million pounds.
The queen, for example, has an estimated £300 million+ in private assets, not counting the prince and the other extended family members. And they all get bonanza benefits from the State to boot.
Now that is a starting point to do some trimming. But not starting with anything above 100,000 euro.
Get a grip, Keith! In my books this is highway robbery.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Iteresting alexander
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Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Yes, Keith, those bonanza benefits could be used to feed the poor in Britain's schools, the hungry children who have not had breakfast. There are quite a number of them, their parents simply not having the money to afford them a breakfast.
Buckingham Palace has hundreds of rooms, then there's Windsor Castle, Balmoral, the Duchy of Cornwall, Sandringham Estate and many more estates:all for one exclusive family. Plus the benefits, and the masses of private assets they own, plus numerous other State-owned assets at their exclusive disposal, and all the armed guards just for them.
So if the idea spreads of confiscating the savings of the average people, it's a definite NO from me.
Start in high (high figures).
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
nah preferd rawhide to bonanza.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Alexander
we may have differences how to achieve but there are ways
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Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
No, Keith! The bad weather has hit farmers, with crops badly damaged and cattle dying (in Britain).
This adds to last year's floods that damaged crops.
The evidence is, we are at risk of having less food, and more expensive food, with less money to go round.
Some life-styles are simply not on the cards anymore. The Government needs to legislate on this.
In times of austerity and looming food shortages and financial crashes, with mass unemployment and people turning to high-interest debts, certain privileges are a slap in the face to the Public.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Im trying hard to give some positive views on your comments alexander
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Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
The trap is set, Keith. Confiscations of bank assets belonging to private savers have become a precedent.
With a triple-dip recession in Britain, initially caused by a jubilee celebration that ripped a -0.7% hole in the GDP, I don't think the Government or the Public will welcome yet another bank holiday (we've had several of them in two successive years) dedicated to one family.
Talking of bank-account haircuts, we have a few overgrown sheep at home.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Sure akexander that means something
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
Actually the Cyprus haircut is likely to drive deposits into Swiss, British and Scandinavian banks.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson