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**LoP Guest** lop guest User ID: 66934 08-09-2012 07:58 PM

The Troll Wrote:

No.

The solution is to arrest those responsible for the fraudulent debt...

**Askakido**

The Troll Wrote:

No.

The solution is to arrest those responsible for the fraudulent debt...

and abolish those fraudulent debts. Just erase them as if they never 'existed' which of course they never did, they were illusions to begin with.

**Karu**

Askakido Wrote:

The Troll Wrote:
No.

The solution is to arrest those responsible for the fraudulent debt...

and abolish those fraudulent debts. Just erase them as if they never 'existed' which of course they never did, they were illusions to begin with.

China would invade.

**LoP Guest** lop guest User ID: 113030 08-09-2012 08:04 PM

Askakido Wrote:

The Troll Wrote:
No.

The solution is to arrest those responsible for the fraudulent debt...

and abolish those fraudulent debts. Just erase them as if they never 'existed' which of course they never did, they were illusions to begin with.

But who does it first? In a country like Japan they could do that since they own almost all of their own debt. The western countries owe their debt to corporations and foreign sovereigns.

**LOPster Jesus**

Askakido Wrote:

and abolish those fraudulent debts. Just erase them as if they never 'existed' which of course they never did, they were illusions to begin with.

THIS ^^^ Is about the most logical thing I have heard all day.

**LOPster Jesus**

LoP Guest Wrote:

Askakido Wrote:
The Troll Wrote:
No.

The solution is to arrest those responsible for the fraudulent debt...

and abolish those fraudulent debts. Just erase them as if they never 'existed' which of course they never did, they were illusions to begin with.

But who does it first? In a country like Japan they could do that since they own almost all of their own debt. The western countries owe their debt to corporations and foreign sovereigns.

Hence cooperation, the entire world would have to do it all at once, or at least have a rolling schedule that gets one nation on board right after the last one to do so. I mean after all, that is all the economy really is. The abstraction of the trust and cooperation that must exist between societies in order to live in a peaceful and prosperous world.

But that also would require trust, and in this age that is quite a rare and valuable commodity.

**Strategos**

We can only wipe the slate clean and those that are willing to work will thrive and those that aren't will perish.

Even then, we'll have to take care of the sick and elderly.

**LoP Guest** lop guest User ID: 113030 08-09-2012 10:30 PM

kettlnaut Wrote:

LoP Guest Wrote:
Askakido Wrote:

and abolish those fraudulent debts. Just erase them as if they never 'existed' which of course they never did, they were illusions to begin with.

But who does it first? In a country like Japan they could do that since they own almost all of their own debt. The western countries owe their debt to corporations and foreign sovereigns.
Hence cooperation, the entire world would have to do it all at once, or at least have a rolling schedule that gets one nation on board right after the last one to do so. I mean after all, that is all the economy really is. The abstraction of the trust and cooperation that must exist between societies in order to live in a peaceful and prosperous world.

But that also would require trust, and in this age that is quite a rare and valuable commodity.

But then we get back to arbitrage of nations for colonial spheres of influence. The finance sector is basically the industry of UK,USA and other nations. They would benefit by wiping out the debt, but then they would lose massive amounts of jobs/revenue.

On a longer timeline, if we don't have debt built into money they say we'd loose entrepreneurship and innovation (productivity gains)

My solution is to repair the systems of taxation first and foremost. At least here in the USA 99% of it is not just cronyism, it is mangled and mutated cronyism thrown against the wall by the two party congress critters. S977

We do need to get trust back into the system as you mentioned. This Mitt Romney candidacy might actually be TPTB getting us ready for tax reform. He is being portrayed as an anti-hero. Doesn't drink, smoke, good family, "hard worker" Rolleyes

, doesn't sleep around, he is not that academically smart, he is not a star athlete, artist, he is pretty poor communicator ... yet .... he is extraordinarily wealthy.

His entire life has been dedicated to "earning" and "protecting" this wealth through manipulation of the tax code with some finance. (the two are really the same thing in today's capital markets)

He did not technically do anything "wrong". But he is not really doing anything "right".

**RWP** lop guest User ID: 107624 08-09-2012 11:12 PM

Allowing Senior Citizens to live tax free would be a positive step in the right direction. Taxing people from birth to death is the biggest problem. Once a human gets the freedom to live tax free, then money won't be that imperative.

**LoP Guest** lop guest User ID: 113030 08-09-2012 11:26 PM

RWP Wrote:

Allowing Senior Citizens to live tax free would be a positive step in the right direction. Taxing people from birth to death is the biggest problem. Once a human gets the freedom to live tax free, then money won't be that imperative.

What about the idea of letting all people live income tax free? It seems to me that if you want to encourage people to do something (like work a job) we should should not dis-incentivise it.

We basically have it backwards now. we encourage people to not work. all the way from mittens down to the capable unemployed. You get people to retrain, or take less than ideal jobs, put up with bad management , etc. But at-least you don't have get double dejected by tax.

You make the revenue back by taxing corporations instead of their workers. You augment receipts with consumption taxes. (no, not on tomatoes, yes - on caviar)

**Pope Frank**

LoP Guest Wrote:

RWP Wrote:
Allowing Senior Citizens to live tax free would be a positive step in the right direction. Taxing people from birth to death is the biggest problem. Once a human gets the freedom to live tax free, then money won't be that imperative.

What about the idea of letting all people live income tax free? It seems to me that if you want to encourage people to do something (like work a job) we should should not dis-incentivise it.

We basically have it backwards now. we encourage people to not work. all the way from mittens down to the capable unemployed. You get people to retrain, or take less than ideal jobs, put up with bad management , etc. But at-least you don't have get double dejected by tax.

You make the revenue back by taxing corporations instead of their workers. You augment receipts with consumption taxes. (no, not on tomatoes, yes - on caviar)

I agree that income taxes should be eliminated. In my opinion, property taxes are the biggest problem. One cannot be truly free if one has to pay taxes for their entire life to live on a piece of land. This entire tax system compiled with a corrupt government will lead to an inevitable demise.

**LoP Guest** lop guest User ID: 113030 08-09-2012 11:45 PM

RedwoodPerch Wrote:

I agree that income taxes should be eliminated. In my opinion, property taxes are the biggest problem. One cannot be truly free if one has to pay taxes for their entire life to live on a piece of land. This entire tax system compiled with a corrupt government will lead to an inevitable demise.

Agreed. Corrupt taxation brings down every empire. Rome being a primary example. My deepest darkest fear, is that we are at the point where there are very few people alive who remember what the USA was like before full spectrum taxation. Like a dark age where the loss of crucial concepts from the human race take centuries to be re-learnt.

Clint Eastwood - Wrote:

He later told hundreds at the outdoor reception that Romney was "going to restore, hopefully, a decent tax system that we need badly...so that there's a fairness and people are not pitted against one another as to who's paying taxes and who isn't."

http://politicalticker.blogs.cnn.com/201...dorsement/

**Pope Frank**

LoP Guest Wrote:

RedwoodPerch Wrote:
I agree that income taxes should be eliminated. In my opinion, property taxes are the biggest problem. One cannot be truly free if one has to pay taxes for their entire life to live on a piece of land. This entire tax system compiled with a corrupt government will lead to an inevitable demise.

Agreed. Corrupt taxation brings down every empire. Rome being a primary example. My deepest darkest fear, is that we are at the point where there are very few people alive who remember what the USA was like before full spectrum taxation. Like a dark age where the loss of crucial concepts from the human race take centuries to be re-learnt.

Here in Milwaukee, I just read that our government wants to raise property taxes once again to pay for the upkeep of a very small park so a handful of multi-million dollar corporations can have somewhere nice to eat lunch. This idea was promoted by an unelected CEO of one of those multi-million dollar corporations which in turn makes his properties and surrounding properties more valuable and will eventually produce higher property taxes because of their increased value.

This coming from a city that charges an extra $20 "Tire Fee" on top of the $75 for registering a vehicle in this town. A town that HAD one vehicle registration center but recently closed for who knows what reason.