Run out of other people’s money? Not a problem;
Taxes on property or other assets would mark a significant change in Europe’s approach to funding bail-outs for eurozone members. Until now, the cost of rescue packages for countries like Ireland, Greece and Portugal has fallen largely on people who invest money in either those countries’ bonds or – in the case of Cyprus – bank accounts.
If you read the article, it kind of reminds me of Canada. Ottawa read (Brussels) regulates the taxes and flow of cash to weaker EU countries (Provinces). The Germans (Alberta) gets to foot the bill for socialism in TROC. In both cases the greasy shithouse rats (Politicians) have convinced the voters that they can have a free lunch forever and that somebody else will pay the bill. Well it appears now that finally the bills are coming due for the last 40 year experiment in Socialism began under the Liberals in Canada. And nobody wants to loan the governments money anymore to go on with the PONZI game. The money lenders no longer want payment in worthless wheelbarrow/transport truck loads of inflated paper money no matter who’s picture is on it, take a look at the Japanese Bond Market this am. The 3rd largest economy in the world is on the verge of all out collapse. The EU is collapsing, Japan is collapsing all cradle to the grave socialist schemes are collapsing. What Germany is proposing will also give diminishing returns, just like in the 1930’s the Banks repossessed the big homes and they received nothing but an empty shell that fell apart. Empty houses in Spain or anywhere else are really only worth the material and effort required to recycle them. None of this will end well for anyone. It is a hard truth, but there is no free lunch.
I suppose that algore needs nine bathrooms because he is full of s–t and doesn’t want to be far from a throne.
Maybe also in case the Fruit Fly doctor comes to visit.
RFB, well said and great analogy.
Here in Canada Mulcair and Trudeau want to continue the socialist ponzi scheme and Harper is not doing much to dismantle it; and the American people seem to want to repeat the disaster in their country.
What did Margaret Thatcher say about socialists running out of other people’s money.
I watched part of an old National Geographic documentary a few nights ago that referenced the splendid ruins of a thousand-year old South or Central American civilization. The structures showed none of the usual signs of collapse – no burning, destruction or evidnce of pestience or natural disaster. It appeared as if the population had just given up and walked away.
That’s what happens when a useless, parasitic priestly class screws the population by pissing away their hard-earned efforts on useless edifices.
Back then, the useless edifices were stone temples and monuments – now-a-days it means more useless bureaucracy.
At some point everyone in the private sector eventually concedes that it’s just not worth the effort and goes through a process of rationalization: they’re just going to piss my money away, so I’ll do whatever it takes to hold on to it.
I was talking to a contractor a few weeks ago who said that most of his income last year was “cash”. And just about every tradesman I know in this area will do the same thing. Who can blame them?
Another symptom of our progresing rot is the long lines of cars returning from a day of shopping in the US. Canadian citizens cannot/will not support Canadian retailers who have no choice but to raise the price of merchandize to cover their higher tax, regulatory compliance, and administrative loads. And now the cash-starved rat-pack in Queens Park has added a punitive tax on large tires – wonder how that’s going to work out? When you build a new mousetrap, the mice just get smarter.
Jamie MacMaster said: “And now the cash-starved rat-pack in Queens Park has added a punitive tax on large tires – wonder how that’s going to work out?”
What’s this, what’s this? MORE tax on tires? What kind, truck tires? Do I need to do my tire shopping in Buffalo?
Good luck with that. I don’t think these politicians would survive a move like this. They seriously think people will just roll over for this?
Read and weep…..
http://countylive.ca/blog/?p=35422
I just checked my crystal ball, and I predict a drastic drop in large tire sales in Ontario.
Spot on! The evidence is everywhere you look – modern socialism is a union of crony capitalism and corporate patronage married to collectivist economics (public providing venture capital and underwriting of crony business venture failures).
In modern socialist jurisdiction,you go nowhere financially unless you are government connected/protected. On a global level this means being an EU,UN,IMF insider. The rest of us proletariat are just here to finance and trim the hedges on insider’s holdings/losses.
Watch for the term “too big to fail” – where ever that is applied there is an socialist protected insider.
Sounds like it is time for farmers, miners, and loggers to hold a tire burn-in at Queens Park.
You’re right Gord – but it’s just not going to happen…not in Ontario.
There’s just no real anger – about anything. Just dull, muttering submission.
We put tractor convoys on the highways and surrounded Queen’s Park back in 2004 – 2006. But it pretty soon became evident that most of the farmers who participated weren’t all that concerned about their diminishing property rights – they were hoping that the demonstrations would result in some form of financial assistance.
I can afford a tax-grab of $15 per tire for light truck. I doubt the farm community can afford $350 TAX for a combine tire. Miners aren’t going to be happy with $1200 TAX on a loader tire.
Maybe there’s work down on the reserve for guys who want to smuggle ag tires across the border instead of the usual booze, guns, dope and smokes. They’ve already got the tire dumping monopoly sewed up…
Excellent idea! Rosedale, Forest Hill, the Annex in Toronto, Westmount in Montreal etc. etc. All in solid Liberal ridings with nice big expensive houses. Elitist ‘Progressives’ inhabit all those places, since most of them gained their wealth through connections, often getting gov’t contracts/employment, they won’t mind giving it up for the greater good…
You’d get a better deal if you went to Detroit (actually in the burbs). Especially, if you say you’ll pay in cash. The burbs of Detroit are as safe or safer than Windsor, ON (hint: that’s where all the white folks went after the ’67 riots).
Couple this with the increasing electricity rates and you see why businesses are starting leave Morontario for Quebec! Can you imagine how bad it must be in Morontario if a mining company leaves it, moves 70km and sets up in Quebec? Caterpillar has already left (or is in the process). And while these companies and jobs disappear (including the tax revenue these brought into Ontario) the provincial gov’t makes sweetheart deals with the teachers’ union.
The Phantom…. are those figures you’ve stated, the actual new taxes on those tires?
I get that you’re angry about this, I’m just seeking clarification of these numbers.
http://www.betterfarming.com/online-news/ontario’s-pcs-eye-road-tire-recycling-fees-11851
wow. Clearly Ontario is “open for business”
In the US, you’d have to have more than about 5-6 mil in wealth before you would pay more than current taxes. But the billionaires would really take a hit – which is why Warren Buffet and Billy Gates never mention this idea when squealing that they “don’t pay enough”.
The problem is not a lack of revenue, the problem is too much government spending on unproductive bureaucrats. A significant portion of regulatory personnel are not only not productive, their efforts shrink the economic “pie” and take money out of everyone’s pockets.