They are at it again !!!

Soon there will be an election in Chile, BTW this country is doing quite well, once again the “left” is running a sale, free education, high minmmum wage, welfare system, and the usual “vote buying” strategies, what is really dissapointing is that the “right” is talking about a “fair” society. In the US war has not stopped, in Europe nothing has been fixed, in fact, Europeans are worse off than the inhabitants of some emerging economies. Both sides say that the other has failed, the “left” saya that the free market has failed, the “Right” says Socialsm has failed, So, would you like a diagnosis ? It seems democracy has failed.

Cyprus – The Standard Solution

So, the financial system in Cyprus was about 4 times its GDP, and nobody asked anything about it, he bankers and brokers kept on piling up phony figures until it all collapsed, then the government decided to tax anyone who had deposits over 100.000 Euro.

This hurt small business owners, peple who had sold goods to buy other goods, people who had their life savings in the bank, and all of those who actually produced something in Cyprus.

Most certainly the government didn’t ask the bankers and brokers to fund their measuers or the bailout, it’s always those people who produce, save and do things who end up paying for the felonies of the loansharks and stock exchange criminals.

It’s about time people start hitting them where it hurts the most, and I don`t mean go out in the streets to yell waving signs, all that has to be done is to go, buy some gold or silver and pull out, just take your money out of the system; if you have your life savings in banks take them out, acually, do it slowly, one at a time, close your credit cards, take your savings out, buy gold or diamonds and stash them under your matress, pay your loans and do what needs to be done.

Since our governments have been bought and paid for by them, just leave the table, do not play their game, banks are and have been a cancer for several years, living on the reputation and achievement of last century banks, those banks aimed at production and profit by generating value, today banks are a tumor, If you have a tumor in your body, do not feed it, simply starve the tumor to death,

Have a Nice day

Gerard Depardieu Now Russian

OK, so the Socialist government of France decided to raise the income tax on the wealthy to SEVENTY FIVE PERCENT, this is three quarters of your hard (or not so hard) earned cash, Actor Gerard Depardieu nationalized himself Russian. The government of France has 75% of NOTHING. BTW, the Russian government now has 13% of the income of Gerard Depardieu, certainly a lot more money than the French government,

This has been happening during the last couple of years all around Europe, as the poorly managed govrnments try to pay for their squander by raising taxes, the taxed leave their countries looking for better places to live (Does this remind someone of 1776 ?).

It is not only one actor, it’s hundreds of wealthy people who leave their countries searching for a country which will not tax them to death.

Is this bad for a country ? (taxing less), well, imagine that during the last two years, more than 1.000 wealthy french (I mean filthy rich) have opted to be Belgians, and these people not only have money, they make money; they keep on building companies and growing, so it’s a great deal for the countries which receive them, and the economies of the countries that overtax them decrease in size (their debt or expenses don`t BTW). So, if you are being overtaxed in your country, take a look at the countries which could receive you with open arms (and you don’t even have to live there), just go once in a while.

So, talk to your accountant and choose, it could save you a ton of money and you will be giving your money to a country which doesn`t loot you, talk to all your friends, with your money these countries could become paradises, since your countries have wasted it and produced nothing good with it. (source, Wikipedia)

http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates

Country/Region	Corporate	Individual (min)	Individual (max)	Payroll tax (usually reduces taxable income)	VAT / GST /Sales	Primary tax articles
Afghanistan[2]	20%				2% to 5%[3]	Taxation in Afghanistan
Albania[2]	10%				20%[4]	Tax system in Albania
Algeria[5]	19%	0%	35%		17%[6] or 14% or 7%[7]	Taxation in Algeria
Andorra[citation needed]	10%[8]	0%	0%	N/A	4.5% or 1%[9]	Taxation in Andorra
Angola[2]	35%	1%	42.75%		10%[10]	Taxation in Angola
Argentina	35%	9%	35%		21%[11]	Taxation in Argentina
Armenia[2]	20%				20%[12]	Taxation in Armenia
Aruba[2]	28%					Taxation in Aruba
Australia[13]	30%	0%	45%1.5% (Medicare levy)	4.75-6% (state)[14]	10% GST (0% on essential items)[15]	Taxation in Australia Income tax in Australia Goods and Services Tax (Australia)
Austria[2]	25%	21%	50%		20%[16]	Taxation in Austria
Azerbaijan[17]	20%	0%	25%		18%[18]	Taxation in Azerbaijan
Bahamas[19]	0%	0%	0%	3.9% by employee, 5.9% by employer[20]	0%	Taxation in The Bahamas
Bangladesh[5]	0–45%	0%	25%		15%[21]	Taxation in Bangladesh
Barbados[22]	25%	25%	35%		15%[23] (hotel accommodation 7.5%)	Taxation in Barbados
Belarus[5]	18%	12%	12%	35%	20%[24] or 10%	Taxation in Belarus
Belgium[2]	33.99%	25%	50%		21%[25] (6% for essential and selected goods)	Taxation in Belgium
Benin[citation needed]	35%		35%		18%[26]	Taxation in Benin
Bhutan		0%	25%[27]			Taxation in Bhutan
Bolivia	25% (IUE: on profits) – 3% (IT: income resulting from transactions)	0%	13%	13% (RC-IVA: Complementary Regime to the VAT – withholding tax – the employee can deduct it entirely using the bills from products or services acquired)	13%[28] (VAT) – multiple rates (ICE: Consumption of specific products)	Taxation in Bolivia
Bosnia and Herzegovina	10% FBiH, 10%RS[29]		5% FBiH, 0–15%RS[29]	33.76% FBiH, 42–57% RS[29]	17% FBiH andRS[29][30]	Taxation in Bosnia
Botswana	15% (plus 10% surcharge)		25%		12%[31]	Taxation in Botswana
Brazil[2]	34%	0%	27.5%	31%	17% to 25%[32]	Taxation in Brazil
Brunei	23.5%		0%	0%	N/A[33]	Taxation in Brunei
Bulgaria	10%		10%		20%[34]	Taxation in Bulgaria
Burkina Faso	10–30%	2%	30%		18%[35]	Taxation in Burkina Faso
Burundi[36]	35%		35%	N/A	18%[37]	Taxation in Burundi
Cambodia					10%[38]	Taxation in Cambodia
Cameroon[5]	38.5%	10%	35%		19.25%	Taxation in Cameroon
Canada[39]	16%–31% (11%–15% federal + 5%–16% provincial)	4% (0% federal + 4% provincial)	54% (30% federal + 24% provincial)	6.73% (4.95% CPP + 1.78% Employment Insurance EI)	5% (Federal GST) with exemptions for small-businesses [40]0–10%(PST)[41]	Taxation in Canada
Cape Verde					15%[42]	Taxation in Cape Verde
Central African Republic					19%[43]	Taxation in Central African Republic
Chile[44]	18.5% (on profit withdrawals)	0%	40%	10% (AFP private retirement fund) + 2 to 3% (AFP administrative costs) + 7% (healthcare insurance) + 0.6% (unemployment insurance) = up to around 20% of income before taxes (each item has an upper payment limit)	19%[45]	Taxation in Chile
China[2]	25%	5%	45%		17% with many exceptions[46]	Tax system in China
Colombia[5]	33%	0%	33%		16%[47]	Taxation in Colombia
Costa Rica	30% (10% or 20% for small businesses)	0%	25%	9% social security charge.	13%[48]	Taxation in Costa Rica
Croatia[5]	20%	12%	40%	37.2% (nationwide)[49] 0–18% (local)	25%[50] (0% on books and some foods)	Taxation in Croatia
Cuba[5]	30%	10%	50%		2.5% to 20%[51]	Taxation in Cuba
Cyprus[2]	10%	0%	35%	6.8%	17%[52] (5% or 0% for certain goods)	Taxation in Cyprus
Czech Republic[2]	19%		15%	47.5%	20%[53] or 15% (certain goods)	Taxation in Czech Republic
Denmark[54]	25%	36.56%[55]	59.5%[55]	8%	25%	Taxation in Denmark
Dominican Republic	29%	0%	25%	10% (AFP private retirement fund) + 10% (healthcare insurance) = up to around 20% of income before taxes, 14% pay by the employer and 6% pay by the employee (each item has an upper payment limit)	16% [56]	Taxation in Dominican Republic
Egypt[57]	20%	10%	20%	N/A	10% (standard), 25% (luxury goods), 0% (exports)[58]	Taxation in Egypt
El Salvador	25/30%	0%	30%		13%	Taxation in El Salvador
Estonia[2]	0% on profit retained in company; flat 21% when earned profit is distributed to shareholders	21%	21%	33%	20% or 9%	Taxation in Estonia
Finland[2]	26%	6.5% national16% municipal	30% national21% municipal		24% 13% (food and fodder) 9% (e.g. accommodation and culture)	Taxation in Finland
France[2]	33.33%	0%	75% (income tax)	66%	19.6% or 7% or 5.5% or 2.1%	Taxation in France
Gabon	35%	5%	35%	2.6%	18%	Taxation in Gabon
Germany	29.8% (average)	0%	45%	41%, 15% for one of the many public health insurances (fixed rate by law), as well as a solidarity tax (depending on income) and a 26% social security tax (retirement + unemployment)	19% or 7% (e.g. food)	Taxation in Germany
Georgia[5]	15%		20%		18%	Taxation in Georgia
Gibraltar	10%	17%	40%	N/A	0%	Taxation in Gibraltar
Greece	22/25%	0%	45%	44%	23%[59] or 11%	Taxation in Greece
Guatemala[5]	5% of Revenue or 31% of Net Income	5%	7%	17.5% (Social Security, Recreation and Technical Training Institutes)	12%	Taxation in Guatemala
Guyana[60]	30%/40%/45%		33⅓%		16% or 0%	Taxation in Guyana
Hong Kong[61]	16.5%	0%	15%	5% mandatory personal defined contribution pension. 40% of Hong Kong Government revenue is from indirect taxation such as land revenue & investment income [62]	N/A	Taxation in Hong Kong Goods and Services Tax (Hong Kong)
Hungary	10% and 19%		16% and 20.32% (2012)	36.5% (2011)	27%, 18% (milk, dairy products, flour, cereals, bakery products etc.), 5% (medicines, books etc.)	Taxation in Hungary
Iceland[5]	20%	0%	46%	6%	25.5% or 7%	Taxation in Iceland
India	30%[63]	0%	33%	2%–12.5%	5.5% – 14.5%	Taxation in India Income tax in India
Indonesia	25% starting FY 2010	5%	30%		10%	Taxation in Indonesia
Iran	25%	0%	35%	15–35%	1.5-10% depending on item	Taxation in Iran
Ireland	12.5%/25%/10%	0%	41%	0-11%	23% Goods 9%-13.5% Services 0% certain items of food	Taxation in Ireland Corporation tax in Ireland
Israel	24%	14.5%	46%		17%	Taxation in Israel
Italy	31.4%	23%	43%		21% or 10% or 4% (food, books)	Taxation in Italy
Jamaica	33.3%	0%	25%	25%	17.5%	Taxation in Jamaica
Japan[2]	40.69%	5%	50% (40% national + 10% local)	25.63%	5% (consumption)	Taxation in Japan
Jordan[5]	14/24/30%	0%	14%		16% (GST)	Taxation in Jordan
Kazakhstan[5]	17.5%, 15%(2011-)		10%	11%	12%	Taxation in Kazakhstan
South Korea[5]	10%,20%,22%	6%	38%		10%	Taxation in South Korea
Latvia[64]	15%		23%	35.09% (11% by the employee)	21%[65]	Taxation in Latvia
Lebanon[5]	15/4-21%	2%	20%		10%	Taxation in Lebanon
Liechtenstein[66][67]	12.5%	1.2%	17.82%	11.6%	3.6-7.6%, (lodging services additional 2.4%)	Taxation in Liechtenstein
Lithuania[citation needed]	15%	0%	15%	39.98%	21%	Taxation in Lithuania
Luxembourg	29.63%	6%	38.95%		15%	Taxation in Luxemburg
Macau[2]	12%					Taxation in Macau
Macedonia[2]	10%		10%		18% or 5%	Taxation in Macedonia
Malaysia[2]	25%	0%	26%	2.25%, 21% to Provident Fundhttp://www.mohr.gov.my/pdf/sohchee.pdf		Taxation in Malaysia
Maldives[68]	0-15%[69]				6% Since January 1, 2012 (Increased from 3.5% set on October 2, 2011)[70]	Taxation in Maldives
Malta	0-6.25% effective tax rate due to imputation system,following credits & refunds[71]	0%	35%		18%	Taxation in Malta
Mauritius	15%		15%		15%	Taxation in Mauritius
Mexico[2]	28%		3–29%	35%	16%	Taxation in Mexico
Monaco	Companies do not pay any direct tax on their profits. However, if more than 25% of a company’s turnover is generated outside of Monaco, then the company is subject to a 33.33%, after various allowable deductions, this results in an effective corporate tax rate of under 6%.[72][73][74]	0% [75]		The employer’s contribution to Social Security is between 28%-40% (averaging 35%) of gross salary including benefits, and the employee pays a further 10%-14% (averaging 13%).[73]	5.5 – 19.6% [76]	Taxation in Monaco
Montenegro	9%[citation needed]		15%[citation needed]		17%[citation needed]	Taxation in Montenegro
Morocco	30%[citation needed]	0%	38%[citation needed]		20%[citation needed]	Taxation in Morocco
Nepal	5%	10%	25%[77]		13%[78]	Taxation in Nepal
Netherlands	20/25%	0%	52%		21% (6% for essential and selected goods)	Taxation in the Netherlands Income tax in the Netherlands
New Zealand	28%	10.5%	33%[79]		15% GST	Taxation in New Zealand Goods and Services Tax (New Zealand)
New Caledonia[80]	30%	0%	25% on local income of non-residents40%[81]		N/A
Norway[82]	28%	0%	47.8%	0–14.1%	25% or 15% (food and drink in shops) or 8% (transportation, cineam, hotel rooms)	Taxation in Norway
Pakistan	35%	7.5%	35%		16%[83] (GST)	Taxation in Pakistan
Palestine	15%[citation needed]	5%	15%	5-15%[citation needed]	14.5% (VAT)	Taxation in Palestine
Panama[5]	30%	0%	27%		7% or 0%	Taxation in Panama
Peru[5]	30%	0%	30%	9% Essalud (Social Security) 8.33% CTS Compensación por tiempo de servicios (like an insurance in case the employee loses his job) 1 complete additional salary in July and 1 complete additional salary in December for Christmas. 0.75% SENATI (Only Industry Jobs) 0.2% SENCICO (Only Construction Workers)	18% (16% VAT + 2% Municipal Promotional Tax) 0–118% ISC Impuesto Selectivo al Consumo (To some products like liquor, cigarettes, etc.)	Taxation in Peru
Philippines	30%	5%	32%		12% or 7% or 0%(in some cases, foreign investors are zero-rated)	Taxation in Philippines
Poland[2]	19%	0%	32% (or optional 19% flat rate for self-employed)	41.11%	23% or 8% or 5%	Taxation in Poland
Portugal[2]	25%	0%	54%	23.75%	Normal: 23% Intermediate: 13% Reduced: 6%Madeira, Açores: 15%, 9%, 4%	Taxation in Portugal
Qatar[2]	10% (different rates for companies operating in the oil/gas sector). Qatari partners are not required to pay any tax on their share of profits.		0%	0%	0%	Taxation in Qatar
Romania	16%		16%	45.15%	24% or 9% (medicines, books, newspapers, hotel …), or 4%[5]	Taxation in Romania
Russia[2]	20% (13% for SME, 0% for education and healthcare industries)	13%	13%	34% (10% for SME, 14% for IT industry) before annual salary exceeds 415k RUB, 8% thereafter	0-18% (reduced rates for certain goods, no VAT for SME except for imports activities)	Taxation in Russia
Saudi Arabia[84]	20% (higher for oil/gas)	0% (foreigners) Zakat(natives)	0% (foreigners) Zakat (natives)	11% Social security	0%	Taxation in Saudi Arabia
Senegal[5]	25%	0%	50%		20%	Taxation in Senegal
Serbia[85]	15%[86]	12%	20%	35.8%[87]	20%[88] or 8% or 0%(reduced rates are for certain goods)	Taxation in Serbia
Singapore	17%[89]	3.5%	20%		7% (GST)	Income tax in Singapore Goods and Services Tax (Singapore)
Slovakia	19%[citation needed]		19%[citation needed]	30% tax including mandatory social security tax and health care tax	20%[citation needed]10% on medication and books	Taxation in Slovakia
Slovenia[2]	20% (2012:18%, 2013:17%, 2014:16%, 2015+:15%)	16%	41%	0% (abolished)	20% or 8.5%	Taxation in Slovenia
South Africa	28%[90]	0%	40%		14%	Taxation in South Africa
Spain[2]	25–30%	0%	52%		21% or 10% or 4%	Taxation in Spain
Sri Lanka[2]	0-35%	0%	35%		0% or 12%	Taxation in Sri Lanka
Sweden	22% [91]	0%	57%[92][93]	31.42%[94]	25% or 12% or 6%[95]	Taxation in Sweden
Switzerland[5]	13–25%	0%	13.2% (federal)		8.0% or 3.8% or 2.5%	Taxation in Switzerland
Syria[5]	10–45%	5%	15%			Taxation in Syria
Taiwan[2]	17%[96]	6%	40%		5%	Taxation in the Republic of China
Tanzania	30%	15%	30%			Taxation in Tanzania
Thailand[2]	23% (20% from FY2013 onward)	5%	37%		7%	Taxation in Thailand
Tunisia[5]	30%	0%	35%		18% or 12% or 6%	Taxation in Tunisia
Turkey[2]	20%	15%	35%	35–40%	18%[97]	Taxation in Turkey
Ukraine[5]	25% (16% from April 1, 2014)		15%	33.2% – 34.7% Mandatory contribution to the State Pension Fund. For private entrepreneurs in simplified taxation mode minimum contribution calculation based on minimum income (December 2011: 34.7% * 1004 UAH = 348.39 UAH or about $44 per month)	20% (17% from January 1, 2014)	Taxation in Ukraine
United Arab Emirates[5]	N/A	0%[98]	0%[98]		N/A	Taxation in United Arab Emirates
United Kingdom[99]	20%-24% (decrease to 21% in 2014)[100]	0%	45%[101]	0%–12% (individual) 0-13.8% (employer) (National Insurance)	20% Standard Rate; 5% Reduced Rate for home energy and renovations; 0% Zero Rate for life necessities – groceries, water, prescription medications, medical equipment and supplies, public transport, children clothing, books and periodicals.[102]	Taxation in the United Kingdom
United States[103][104][105][106][107][108][109]	0–39% (federal) 0–12% (states)	0% (federal) 0% (states)	39.6% (federal) 0-13% (states)	2.9-15.3% (federal) 0-2%[citation needed] (states)	0-10.25% (states and local)	Taxation in the U.S. State taxes in the U.S. Income taxes in the U.S. Sales taxes in the U.S.
Uruguay[5]	30%	0%	25%		22%	Taxation in Uruguay
Uzbekistan[5]	9%	5%	22%		0–20%	Taxation in Uzbekistan
Venezuela[5]	15/22/34%	6%	34%		8–10%/12%	Taxation in Venezuela
Vietnam[2]	25%	5%	35%[110]		10%	Taxation in Vietnam
British Virgin Islands	N/A	0%	0%	10–14%	N/A	Taxation in the British Virgin Islands
Zambia	35%	10%	30%		17.5%	Taxation in Zambia

 

Why are “developed” Nations so Arrogant ?

Dont they think it’s time to just go ahead and ask for help ?

OK, the Spanish model crashed, the french one also, the british are going down, almost all of the EU economy is in shambles.

They raise taxes, but the companies are going broke and people are losing jobs, therefore the tax collection is decreasing, people lose jobs and go on welfare or unemployment insurance, whic in turn makes the government spend more money (which cannot be funded with less tax money).

Hey Obama, Rajoy, and company, just catch a plane, go talk to the Chilean, Peruvian, Nigerian or the Austrailan Presidents, they are making it, and their economies got badly hit by your mess too.

Today Chile published a 6.5% average increase in wages, with surveys on the streets confirming it, and Guess what !!! lots of mining companies in Chile and Australia are either american or Canadian, some construction companies also.

So Mr. Obama, get on Air force one and go to Santiago, Lima or Canberra and ask around, you don`t have to lose your military power, it is said that the Chilean army is one of the largest in South America (of course it’s a bunch of kids with peashooters when compared to the US army), but hey, they’ve got F16`s.

So to all the nations which are going through a bad time now, remeber, all these countries like Chile, Australia, Nigeria, Colombia or Peru and some others are getting investment from the US, Spain, England, etc. That money should be invested in your own countries, you might have to ask yourselves why it’s leaving.

Please, just look at the countries which are outperforming you, you should be ashamed of yourselves, it’s not BIG countries like China or India (which BTW also outperform you), it’s Nigeria, Ecuador, Chile and other places which Americans not only didn`t know existed, but that just a decade ago were considered backward, uderdevelopped tiny nations.

Maybe tax increases, or just plain old annoying governments, who knows, I am no expert, but i sure do know that when something is not working you better fix it fast, or else the damage is so large that it will take you decades to fix.

BTW, dont go ask Argentina, Cuba or Venezuela, no answers there (at least not the correct ones), their sh** ain’t working either.

Have a nice day

Message to Anonymous members

Hello: Sometimes we have to resort to action, so here’s the situation.

Banks in Spain are reposessing homes, according to the banks they had between 5 and 10% toxic debt, thier profins have been masive for the last decade. They doctored the libor rate to STEAL from their customers.

The European Government GAVE them taxpayers’ money at 0’% interest.

They are still charging high rates, and fining their customers, also foreclosing them even though all those loans were funded by the taxpayers. Citizens are committing suicide due to this.

They havent transferred to their clients the conditions and rates they received from the government.

Please study the figures.

This is a cry for help.

Have a nice day

Does Education Really Bring Progress and Well Being to a Country ?

I’ve been hearing this for decades, educate your people, this is the foundation of progress, those countries who have more university graduates look down upon those which have less. But not because everybody believes or repeats something does this become the truth. I am not against education, don`t get me wrong, but there is a sort of general belief that if a country has enough university graduates (lawyers, doctors, engineers) then economic progress will simply appear.

Let me tell you something, that is simply wrong, it has been said by the socialist for decades (I guess because its at the universities where they brainwash the young into their belief system), so everybody MUST graduate from the university. Let’s get back to the hard facts.

Argentina, Spain, Cuba and Sweden, have free universities, their respective unemployment rates are above 20% and in the younger population as well as for that over 50, Spain goes above 50%. and their economies are in massive recessions. The average income in Cuba BTW is 30 US$ per month.

On the other hand, Chile and Colombia, with growth rates above 5% have paid (and very expensive) universities, and China, the growth in China is not caused by university graduates, (at least not yet), it’s just the ingenuity of the enterpreneurs and plain old fashioned hard work which does the trick.

So a clear set of rules of the game, stable economy, low (or at least decent, not psychotic)  taxes, not too much bureaucracy, low corruption levels, and that’s it, if all the previous variables are not there, there will be no economic growth, no matter how many degrees you pile up on top of it.

Have a nice day

The American Dream is Over

Well, I’m back. I needed a rest.

It’s bad news for the US, all the shocking production power (that one which defeated Germany and Japan is gone), it has been murdered by regulations and the intervention of the federal government. Today there will be no Preston Tucker with his motorized machine gun turret, no Edison, no Samuel Colt. All the Steves Jobs, Bills Gates are part of the past, some dead of natural causes, other murdered by trusts and regulations. Today in the US it is almost impossible to start a successful innovative company. The worst enemy of the US, it’s own government is applying all its power to help the competitors of the US, it’s like having an enemy task force among your lines. The small enterpreneur tries to start producing an invention and gets stopped by the fereral government, regulatory asgencies, enviromentalists, unions, the EPA, NGO’s and interest groups, and at the same time by those who have bought their power in Washington, the US has become sluggish it has been “Europezied”. If something as simple as a car was invented today it would be impossible to put it on the road, just imagine, a two ton device, filled with an explosive fuel and which actually could crash into a person and kill him !!!!. Unthinkable!!! there would be no permits to build such a contraption.

So this is the bad news, while the Chinese can barely see 300ft away through the smog, enslave their workers to produce cheaper goods, the Europeans lower the wages, disable their unions and simply take away the workers’ rights  “for the common good” the US worker has more rights than any worker in the world, US companies have more regulations than anywhere in the world and now the fereral government is the most expensive one in the world. This is a cocktail for disaster, the US can`t win.  The government has strangled the innovative small eterpreneur, they are just not there anymore to push the economy forward. The big corporations just can`t do it, they never could, the purpose of a corporation is to make money, at all costs, even if making money means to cannibalize itself. The small enterpreneur makes THINGS not money, they do it for the love of “doing it right”, don`t get me wrong, they like money, but they will not cease growing or decrease in size to make money, their purpose is not “just making money” their purpose is to grow, produce and make money IN THAT ORDER. But they cannot exist, the fishtank of the US economy has been polluted by the collectivists, the US is virtually riskless, everything is regulated but unfortunately the fish cannot live in the fishtank, the real strength of the US has been killed by a philosphy, where freedom is not a valuable commodity, where there is no freedom of choice, “the pursuit of happiness” is OK, as long it is “The happiness” the Federal government has decided is good for you.

This is so psychotic that today a hamburger selling joint can be sued by fat customers, and the federal government will actually regulate and tell the joint to write on their product “this will make you fat and may kill you” and I would add, (and if you are such a moron that you don`t know this, you can die of a heat attack and it will be great if you don`t have any kids, we have enough retards as it is).

Does anybody in the world not know that Cigarrtette Smoking or being fat, or overdosing in sugar, or drinking a quart of whisky kills ?, but let me get this straight, what is the policy here ? bug the hell out of cigarrette smokers but legalize marihuana ??????. Anyway we spend billions on dollars on research to find out new ways by which cigarrette smoking, or  hamburgers, or booze, or whatever will kill you. Well they already did and we already knew, and we did know before the federal government wrote it on little labels on the side of Snickers.

Unfortunately it’s too late, this is the world of the collective, the do gooders, tree huggers, environmentalists and the health freaks. It si not about having a clean power plant, it’s about living without electricity, environmentalists would rather kill off humans than having them live and pollute.

So be ready, (if you want to sell peanuts), to write on the bag that eating a ton might kill the fatso who does, that the bag might make the sidewalk ditry if you throw it away, that the peanuts are twice as much because you used eco-fuel to roast them, BTW they taste like shit because they are coated in aspartme instead of sugar (which will give you cancer but it’s OK, because Coca Cola got it approved at the FDA).

well, have a nice day !!!

Jumpstarting the Economy

Hello again:

World economy is pretty much the same, all the governments are wondering how to jumpstart their economies, I watched TVE (spanish television) and they are clueless, they raised taxes to cover their deficit, but the economy is so bad that companies are failing, therefore they are getting less money for the higher percentage, they did the same thing with personal taxes, but people are losing jobs, therefore if there is no income, there is no income tax. I know this is counterintuitive, but lowering taxes raises government income. I know a lot of people (specially democrats in the US) think that you have to raise taxes on the rich, and that is OK, maybe they don`t like it, but taxing the rich does not hurt or help the economy (there are just too few of them), it is a nice political slogan, but all in all it just doesn`t matter. Regarding taxes on corporations, well if you tax them, their profits are less, and you have to keep in mind that lots of shareholders are middle class, and the pension funds invest in these corporations, so there you go, it is like a well set dinner table, you are bound to hurt someone if you move the cloth. But there is a group of people which no one remebers , small to mid size business, these companies need a break, these are not big corporations, these are 1 to 50 employee companies which are failing by the hundreds and these companies are the ones which hire more than 60% of the workforce. These companies and their owners are harassed by the IRS, strangled with regulations, trampled by workers unions, and subject to dumping from China. These guys need to be protected, remeber that chinese companies DO NOT pay taxes, most of them have 10 to 20 year tax exemptions, and some even have not paid for the land where they stand. Also, they have no enviromental concerns. So what we need is a level playfield. free trade, of course, but on equal terms.

Regarding the governments, would someone please tell them that there is no need for the government to have “incentive” programs, just unleash the small and mid size companies by stopping restrictive regulations, they can manage by themselves, and what good is an incentive of X dollars if you are going to tax them close to 50% on their income, how does a government think that a small company is going to grow if you are going to tax the owner with a 50%.

Also, it’s actually stupid to let credit card companies charge 30% for loans when the interest rate is almost zero, financing a purchase has to be reasonable, no matter the campaign contribution.

To jumpstart the economy remeber what you told the Latin Americans to do in the 80`s (as an example, Chile has done it) and do the same thing, find overspending, stop it, lower taxes on the middle class and small and mid sized companies. (Of course, have  SOUND fiscal accounts) what i don’t get is that the US almost had the FMI strangle Chile in the 80’s, and then, when it’s the US turn to do things right, they behave like a banana republic and put everything on the credit card.

And please rememeber that whenever you overtax, the money instantly moves to the Bahamas or the company is closed down, so if you overtax you actually lose income.

Have a nice day.

Is it Payback Time ?

The US has serious problems now because of overspending, but that’s a no brainer, the fact that the US has overspent, gotten into debt almost beyond its possibility to pay is no secret, and certainly the solution is not spending more, or taxing people to spend just as much, things have to be corrected, or else the future of the US is a very dark one.

But where did all this spending come from, how is it that the largest economy in the world has spent so much in the last fifty or so years ? It certainly has not been in social reforms or anything like it, even though welfare and medicare is a lot of money, the numbers don`t add up.

So let`s take a look at some expenses the US has incurred in during this and the last century.

According to Stephen Daggett, Specialist in defense policy and budgets (Congressional Research Service)

The United States of America has spent the following in the following wars:

World War I 1917-1921
Current Year $ 20 billion
Constant FY2011$ 334 billion
World War II 1941-1945
Current Year $ 296 billion
Constant FY2011$ 4,104 billion
Korea 1950-1953
Current Year $ 30 billion
Constant FY2011$ 341 billion
Vietnam 1965-1975
Current Year $ 111 billion
Constant FY2011$ 738 billion
Persian Gulf War 1990-1991
Current Year $ 61 billion
Constant FY2011$ 102 billion
Iraq 2003-2010
Current Year $ 715 billion
Constant FY2011$ 784 billion
Afghanistan/Other 2001-2010
Current Year $ 297 billion
Constant FY2011$ 321 billion
Total Post-9/11—Iraq,
Afghanistan/Other
2001-2010
Current Year $ 1,046 billion
Constant FY2011$ 1,147 billion

So, Europe owes the United States for saving their butts in WW1 and WW2: 4.438 billion

The Government of South Korea, for holding their buddies in the North 341 billion

Vietnam, well, the US lost that one but anyway, spent 738 billion

The gulf war 1990-1991 (that’s the kuwaitis) who exist thanks to that one owe the US 102 billion

The tab for the whole middle eastern mess since is in excess of 2.000 billion, let’s leave that out of the picture, because I really dont know who the US is actually defending there, but if it was just to kill Bin Laden, I believe it’s too steep.

The US just has to stop solving other people’s problems for a while and take care of their own country. It’s a duty to defend the weak, but only when you can afford it.

And let’s face it, the world is not a grateful bunch, all over Europe there is disdain (to say the least) about Americans, Hated in France (and they actually exist as a nation thanks to the US, TWICE), the same can be said about the British, and several other european nations.

So It’s payback time, maybe the French and the Brits will blame Germany, ok, Make Germany pay, (it seems they are the only ones who could actually pay something) but Europe owes the United states 4.438 billion dollars for WW1 and WW2 so they should pick the tab. Europe has looted the world, robbed Latin America of it’s gold in the 1500’s and has looted some places so bad during the 1800’s that they are still in poverty (e.g. India).

The European countries have squandered thousands of billions of dollars of the looting of their colonies, then they had the US fight their world wars for them, then squandered  lots more billions in war reparations and still could not become sustainable economies.

Well, the deficit for the US on 2012 was 1.089 billion, this means that it’s payback time, if Europe paid for the cost of WW1 and WW2, the US will have money to cover the whole deficit for the next 4 years, and if we add interest rates for 60 years (let’s calculate roughly at mortgage interests, at least in my country is 100% every 20 years), that would give the US another 12.000 billion dollars, which could be used to pump into the economy , in re-training, or soft loans for small business, green energy or whatever the US wants to use them for.

So please US citizens, stop your politicans from spending money in other people’s war, and if they just need a war, they just HAVE to go, well charge the next countries you save an hourly fee for the use of your army and you will see how fast they reach a peace agreement if they have to pay for the cost of the war.

BTW, the cold war is over, close the bases in Europe, they are big boys now, and they badmouth the US every time they can, so have them defend themselves (or at least pay for all the expenses).

Have a nice day.

The Crooks

I already mentioned this in a previous post, but there is like a “forced bankarization” (if that word exists), the system forces you to have a bank account, and well, this week a well known bank had to pay 450 million euros because ti was fined for “doctoring” the libor benchmark. For the layman that means nothing, but when banks around the world get together and decide to blatantly steal from you, you should be worried. This libor rate was overpriced, and since the other interest rates are based on this one, all interest rates were overpriced. So let me get this straight, banks get deposits, they pay you (in savings account) 6% a year (that is an example, sometimes it’s less) they lend it to another person at 4% a month (sometimes 10% when the person is overdrawn). when people are delayed in their credit card payments they are charged up to 20% a mont, In a mortgage you pay anywhere from 2 to 3 times the value of the house you buy, if you do not pay any installment (even the last one) thew house gets reposessed and auctioned and you still owe them money if the price is not enough to pay the loan). And then the government bails them out ? How is it that you can´t make money under those conditions. how bad do at busines do you have to be to not be able to make money by:

1) Getting money at 1% and charging anywhere from 6% to 50% for it.

2) Lending someone money to buy a house, have them pay you 10 years, then auction the house and keep the money that was already paid to you and the money from the auction.

3) Doctoring interest rates above market price to screw your customers out of even more.

Well reader, they are not bad at business, they are simply crooks, they gave a loan, the loan was not paid, but they sold it anyway to another bank, then the person did not pay, but they didn’t tell anubody and issued more loans, then they placed those loans into their assets to give as collateral for more loans which in turn lent to more peole who couldnt pay, thus increasing their assets to get more loans, until the bank was in debt beyond its value, then they threatened the government “If we fail it’s going to be a catastrophe” so the government got your tax money and haNded it over to capitalize those banks at virtually no interest, so it’s your money. but guess what, they still charge you the same percentage, they will still auction your house (even though last week the spanish banks got 42.000.000.000 euros) they will not lower their interest rates, they will not extend or renegotiate at low interest, they will make money anyway, because they are devoid of ethics, devoid o principles, and even if it is actually your money saving them they will leave you in the street, because all they care is profit (real or false) and that is the funny thing, they make false profit and they are happy anyway, even though false profit is no money at all. So they are here not for the money (which I would understand) they are here to show a profit in the balance sheet (even if it doesnt exist)…

have a nice day

The bank in the picture just paid a 450 million euro fine for STEALING FROM ITS CUSTOMERS