Tax havens & currency speculation Pt.3 Kapoor: We might see prolonged tenure vexed expansion of the manage to buy or even the some-more in advance depression...
The Economic Case for Tax Havens Statist politicians as well as general bureaucracies such as a OECD as well as UN customarily conflict taxation havens, claiming...
The Moral Case for Tax Havens This Center for Freedom as well as Prosperity Foundation video demonstrates which low-tax jurisdictions suggest millions of people around a...
No, the “progressive mindset” is that if you’re a leeching middleman, then you’re not actually EARNING a DAMNED THING.
Investment and raising capital are important and valid parts of a functional market, but without tight regulations, speculators and other scum will suck money out without contributing to the productive economy.
The progressive mindset is that what others earn should not be theirs to spend or save as they see fit. Banking is the red herring. Banking is not the free market.
Isn’t the FTC supposed to regulate abuse of financial transactions?
I had respect for TRNN with some other videos that I saw, but this seems like a bleeding heart agenda. Why do we want to burden honest people because of the crooks?
Do you guys realize that taxes are revenue for the govt which is a business model in itself?
They should be penalized for running the govt like they do. More bureaucrats mean more problems. More taxes hurts our economy.
Exactly, but those CDO’s would have, without the AAA rating, failed to attract prospective buyers, thus the rating agencies played a fundamental role in the credit crunch of 08-? Peace
@martinaoe2
Well there’s lots of rating agencies.
But some of the more well known ones in the US are Standard&Poor, and Moody’s
wikipedia. org/ wiki/Credit_rating_agency
As for the Federal Reserve.
I agree that it’s bad.
But I take the Kucinich approach, rather than the Paul approach.
The Federal Reserve should be a federal program.
As is implied by Article 1, Section 8 of the US Constitution.
Congress shouldn’t be outsourcing it’s control of money to a secretive private entity.
@hiphopsocnroc
Well if the Credit Default Swaps were REAL.
i.e. “If this loan fails, we agree to give you money, AND we are charging enough money for this insurance to actually pay it out”
Then giving them a AAA rating would be appropriate.
Unfortunately, credit default swaps, unlike all other forms of insurance, were completely unregulated. Especially on the issue of being required to hold enough reserve capital to actually pay out claims.
By believing regulation always works? Yea look how the fed regulated the money supply to their advantage and there cronies only devaluing the money of everyone who is saving and living within their means…!
Now imagine a congressman in control of this money supply. Do you not think he would use it to get re-elected?
I am not saying all regulation is bad, there is no absolute in any argument.
Look up the history of larry summers and president clintons relationship.
In a global economy where everyone is competing against everyone else for limited resources, a limited number of jobs, and a limited amount of prestige, influence, and status abuses will be the norm, not the exception. Frankly if you examine much of the ethnic conflict that exists around the world you will find that the majority of these clashes are rooted in economic inequality between groups of people. Global capitalism doesn’t just lead to abuse, it can lead to barbarism.
@martinaeoe2
Except that th reason those AAA ratings happened is because of TOTAL DEREGULATION of credit default swaps. (aka Loan Failure Insurance)
greyfalcon. net/ cds3
greyfalcon. net/ cds
And those Ratings were issued by entirely private ratings agencies.
greyfalcon. net/ cds2
If anything, that’s evidence that regulation is required.
Especially when it comes to insurance markets.
@bbburton
Well the “progressive mindset” is that money gained from speculative banking (i.e. Gambling) is not as worthy of compensation as money gained through providing goods and services.
greyfalcon. net/ teddy
I’ve been to a rodeo, a picnic and a world fair and that is the stupidest thing I have ever heard.
You need to go back to your high school and demand that you be better prepared to go out into the world.
wow .. what this guy summed up up to 2:49 is exactly what i’ve been thinking but no one has put it into exact words till now… i guess everyone that can think can expect that to happen.. very sad shit
Globalization is hurting everyone, and I mean here in the USA and elsewhere.
In a fantasy world, all countries should prohibit borrowing for what I call ‘Money for Money’ transactions. Only those borrowing transactions that generate products or services should be allowed.
However, we live in the real world and Nationalism is a joke to the Financial Moguls.
They don’t want to own one country, they want them all and have the resources to do it.
US makes about $1.4 trilllion in tax revenue. The federal budget is $2.5 trillion. Most of the budget goes to paying interest on US treasuries 75% held by the FED. All our taxes goes to the FED.
Taxing markets is not a way to recover anything, because the revenue doesn’t go back to the people. In a fractional banking system goverments use taxes to borrow money from cetnral banks. How about we get rid of fractional banking where banks have to lend out maoney they actually have.
National boundaries are a barrier to free trade.
Who, but a criminal, a thief or an ignorant slave wants more taxes and more regulation.
Like someone here said, if spending is not addressed, then talking about taxes is futile.
Like talking in favor of socialized medicine(healthcare) and ignore the importance of war.
I agree, that would essentially eliminate tax havens.
People talk about getting more taxes, or we need more money, but they rarely talk about decreasing spending. With the perpetual spending increases. There’s little point in talking about taxes (as they will have to go up indefinitely) unless you talk about spending.
Related IRS posts:
- Tax havens & currency speculation Pt.4 Sony Kapoor upon a climb of Goldman Sachs as well as a need to democratize a economy...
- Tax havens & currency speculation Pt.3 Kapoor: We might see prolonged tenure vexed expansion of the manage to buy or even the some-more in advance depression...
- The Economic Case for Tax Havens Statist politicians as well as general bureaucracies such as a OECD as well as UN customarily conflict taxation havens, claiming...
- The Moral Case for Tax Havens This Center for Freedom as well as Prosperity Foundation video demonstrates which low-tax jurisdictions suggest millions of people around a...
- President Obama’s Dishonest Demagoguery on So-Called Tax Havens Politicians who similar to aloft taxes would similar to to close down supposed taxation havens so they can set up...
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Comments: 25 comments
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psychoholicmike
November 29th, 2009 at 1:39 pm
No, the “progressive mindset” is that if you’re a leeching middleman, then you’re not actually EARNING a DAMNED THING.
Investment and raising capital are important and valid parts of a functional market, but without tight regulations, speculators and other scum will suck money out without contributing to the productive economy.
bbburton
November 29th, 2009 at 1:39 pm
The progressive mindset is that what others earn should not be theirs to spend or save as they see fit. Banking is the red herring. Banking is not the free market.
aaa10247
November 29th, 2009 at 1:39 pm
My favorite part of the interview was the last line where paul jay says “it all seems rather obvious so now lets talk about why its not being done.”
ttj1776
November 29th, 2009 at 1:39 pm
Paper money has the effect to ruin commerce,oppress the honest, and open the door to every species of fraud and injustice ~GEORGE WASHINGTON
wealthmentor
November 29th, 2009 at 1:39 pm
Isn’t the FTC supposed to regulate abuse of financial transactions?
I had respect for TRNN with some other videos that I saw, but this seems like a bleeding heart agenda. Why do we want to burden honest people because of the crooks?
Do you guys realize that taxes are revenue for the govt which is a business model in itself?
They should be penalized for running the govt like they do. More bureaucrats mean more problems. More taxes hurts our economy.
hiphopsocnroc
November 29th, 2009 at 1:39 pm
Exactly, but those CDO’s would have, without the AAA rating, failed to attract prospective buyers, thus the rating agencies played a fundamental role in the credit crunch of 08-? Peace
DAV93
November 29th, 2009 at 1:39 pm
GOLD & SILVER COINTS BETTER THAN RATES
greyflcn
November 29th, 2009 at 1:39 pm
@martinaoe2
Well there’s lots of rating agencies.
But some of the more well known ones in the US are Standard&Poor, and Moody’s
wikipedia. org/ wiki/Credit_rating_agency
As for the Federal Reserve.
I agree that it’s bad.
But I take the Kucinich approach, rather than the Paul approach.
The Federal Reserve should be a federal program.
As is implied by Article 1, Section 8 of the US Constitution.
Congress shouldn’t be outsourcing it’s control of money to a secretive private entity.
greyflcn
November 29th, 2009 at 1:39 pm
@hiphopsocnroc
Well if the Credit Default Swaps were REAL.
i.e. “If this loan fails, we agree to give you money, AND we are charging enough money for this insurance to actually pay it out”
Then giving them a AAA rating would be appropriate.
Unfortunately, credit default swaps, unlike all other forms of insurance, were completely unregulated. Especially on the issue of being required to hold enough reserve capital to actually pay out claims.
hiphopsocnroc
November 29th, 2009 at 1:39 pm
Yup, and these rating companies just say it was their OPINION (and nothing more) that these toxic assets were AAA.
martinaoe2
November 29th, 2009 at 1:39 pm
@grey
I didnt know that, I thought they were a gov agency, honestly.
Could you give me a name of one of those private agencies you speak of as I would like to know alittle more.
Thanks, I like your movie. I wish they could punish these people for fraud to send out a clear signal to people who do this.
What is your view on the federal reserve? do you think there inflating of the economy perpetuated this bubble and are the root cause?
martinaoe2
November 29th, 2009 at 1:39 pm
By believing regulation always works? Yea look how the fed regulated the money supply to their advantage and there cronies only devaluing the money of everyone who is saving and living within their means…!
Now imagine a congressman in control of this money supply. Do you not think he would use it to get re-elected?
I am not saying all regulation is bad, there is no absolute in any argument.
Look up the history of larry summers and president clintons relationship.
blackiron60
November 29th, 2009 at 1:39 pm
In a global economy where everyone is competing against everyone else for limited resources, a limited number of jobs, and a limited amount of prestige, influence, and status abuses will be the norm, not the exception. Frankly if you examine much of the ethnic conflict that exists around the world you will find that the majority of these clashes are rooted in economic inequality between groups of people. Global capitalism doesn’t just lead to abuse, it can lead to barbarism.
greyflcn
November 29th, 2009 at 1:39 pm
@martinaeoe2
Except that th reason those AAA ratings happened is because of TOTAL DEREGULATION of credit default swaps. (aka Loan Failure Insurance)
greyfalcon. net/ cds3
greyfalcon. net/ cds
And those Ratings were issued by entirely private ratings agencies.
greyfalcon. net/ cds2
If anything, that’s evidence that regulation is required.
Especially when it comes to insurance markets.
greyflcn
November 29th, 2009 at 1:39 pm
@bbburton
Well the “progressive mindset” is that money gained from speculative banking (i.e. Gambling) is not as worthy of compensation as money gained through providing goods and services.
greyfalcon. net/ teddy
PersianPaladin
November 29th, 2009 at 1:39 pm
You cannot regulate fraud.
CollateralSandwich
November 29th, 2009 at 1:39 pm
I’ve been to a rodeo, a picnic and a world fair and that is the stupidest thing I have ever heard.
You need to go back to your high school and demand that you be better prepared to go out into the world.
martinaoe2
November 29th, 2009 at 1:39 pm
I think american regulators giving toxic assets AAA ratings proves regulation doesnt always work you know.
zayadnay
November 29th, 2009 at 1:39 pm
wow .. what this guy summed up up to 2:49 is exactly what i’ve been thinking but no one has put it into exact words till now… i guess everyone that can think can expect that to happen.. very sad shit
topthickproducer
November 29th, 2009 at 1:39 pm
Globalization is hurting everyone, and I mean here in the USA and elsewhere.
In a fantasy world, all countries should prohibit borrowing for what I call ‘Money for Money’ transactions. Only those borrowing transactions that generate products or services should be allowed.
However, we live in the real world and Nationalism is a joke to the Financial Moguls.
They don’t want to own one country, they want them all and have the resources to do it.
agentj001
November 29th, 2009 at 1:39 pm
The answer is to move away from banks creating their own fiat currency.
agentj001
November 29th, 2009 at 1:39 pm
US makes about $1.4 trilllion in tax revenue. The federal budget is $2.5 trillion. Most of the budget goes to paying interest on US treasuries 75% held by the FED. All our taxes goes to the FED.
agentj001
November 29th, 2009 at 1:39 pm
Taxing markets is not a way to recover anything, because the revenue doesn’t go back to the people. In a fractional banking system goverments use taxes to borrow money from cetnral banks. How about we get rid of fractional banking where banks have to lend out maoney they actually have.
asperin
November 29th, 2009 at 1:39 pm
National boundaries are a barrier to free trade.
Who, but a criminal, a thief or an ignorant slave wants more taxes and more regulation.
Like someone here said, if spending is not addressed, then talking about taxes is futile.
Like talking in favor of socialized medicine(healthcare) and ignore the importance of war.
First things first.
sirellyn
November 29th, 2009 at 1:39 pm
I agree, that would essentially eliminate tax havens.
People talk about getting more taxes, or we need more money, but they rarely talk about decreasing spending. With the perpetual spending increases. There’s little point in talking about taxes (as they will have to go up indefinitely) unless you talk about spending.
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