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Denmark should leave the EU which we should have done a long time ago.
Instead teaming up with Finland, Sweden and Norway or something like that..
Atleast we where not stupid enougth to say "yes" to the Euro coin, but stupid enougth to put more money down in the Greece hole, just cause our Dear leader Helle Thorning Smith wants to secure herself a nice post in the EU when she gets crushed at next election. She didnt even ask nobody just signed the damn thing -.-'
You cant have the same coin when you financially are very far apart, thats what i've heard from people when we've talked about the crisis.
And no i dont know much about the crisis, but even a noob can see this is only going one way which is DOWN  ((
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I'll try to find the source, but I read on a news feed today that EU can manage a Greek exit. Greece has until the 20th to pay? Or, to default, if you'd like.
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How would Greece leaving the EU be anything but chaotic especially if it defaults? Lot of pissed off Creditors and even more taxpayers. Then what about Spain, they prepared for that?
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So is France really going to shoot itself in the head and pass that 75% tax rate that Hollande is proposing? Is a majority of French people actually on board with this?
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Is this not resolved yet?
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On August 08 2012 13:28 xDaunt wrote:
So is France really going to shoot itself in the head and pass that 75% tax rate that Hollande is proposing? Is a majority of French people actually on board with this?
Hard to say. It's almost a case by case a opinion. I'd say it's 50/50, but considering 99.99% of people is not directly concerned by this rate, i'm not sure many people make the effort to understand what are the good and bad side of this rate. Most of people just repeat the speech of the party they use to vote for.
I'd like to repeat that the rate is not "75% tax rate of your income if you get more 1M€ per year" (i.e. 750 000) but 75% of all money ABOVE 1M€ (i.e. for 1.1M€, it's 75 000 + the usual taxes on the million).
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A professor at our university, who is working for Boston Consulting as a senior consultant, said that it wouldnt matter financially anymore if Greece would leave or stay in the €. The bills which would have to be paid would have different matters at the top of it, but the sums would be the same.
In his opinion, the € as a currency would be going under if Spain and Italy would follow the path of Greece, because the economies in Italy and Spain are much bigger and thus effect all the other parts of the € much more. Either way, i guess a long road lies before all countries which are in the €, and most of the people and countries will have to reduce their respective standard of living in this process.
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On August 08 2012 07:19 Dusen wrote:Denmark should leave the EU which we should have done a long time ago. Instead teaming up with Finland, Sweden and Norway or something like that.. Atleast we where not stupid enougth to say "yes" to the Euro coin, but stupid enougth to put more money down in the Greece hole, just cause our Dear leader Helle Thorning Smith wants to secure herself a nice post in the EU when she gets crushed at next election. She didnt even ask nobody just signed the damn thing -.-' You cant have the same coin when you financially are very far apart, thats what i've heard from people when we've talked about the crisis. And no i dont know much about the crisis, but even a noob can see this is only going one way which is DOWN ((
Stop applying logic to politics. It does not work that way!
Denmark is already teamed up with Finland, Norway, Sweden and Iceland. They are having a meeting before the EU meetings already!
The european economic policy is not controlled by Denmark: We are pegged to Merkel and it would have been exactly the same with another leader.
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On August 08 2012 13:28 xDaunt wrote:
So is France really going to shoot itself in the head and pass that 75% tax rate that Hollande is proposing? Is a majority of French people actually on board with this?
75% is just high when looking at very recent times. As recently as 79 there was plenty of countries with higher personal top tax rates. Looking at the trend it has been going down the past 30 years, I don't know enough economics/politics to know why it has been doing that.
http://www.taxpolicycenter.org/taxfacts/Content/PDF/oecd_historical_toprate.pdf
The arguments for moving money being easier today is of course striking, yet I don't see why they would suddenly do so just because of a few more % if they havn't already done so.
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On August 08 2012 13:28 xDaunt wrote:
So is France really going to shoot itself in the head and pass that 75% tax rate that Hollande is proposing? Is a majority of French people actually on board with this?
When France shoots itself in the head but fails to die, what then will be your spin?
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On August 08 2012 21:54 Yurie wrote:Show nested quote +On August 08 2012 13:28 xDaunt wrote:
So is France really going to shoot itself in the head and pass that 75% tax rate that Hollande is proposing? Is a majority of French people actually on board with this? 75% is just high when looking at very recent times. As recently as 79 there was plenty of countries with higher personal top tax rates. Looking at the trend it has been going down the past 30 years, I don't know enough economics/politics to know why it has been doing that. http://www.taxpolicycenter.org/taxfacts/Content/PDF/oecd_historical_toprate.pdfThe arguments for moving money being easier today is of course striking, yet I don't see why they would suddenly do so just because of a few more % if they havn't already done so.
I don't think those numbers are comparable due to tax loops.
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On August 01 2012 09:19 Ganondorf wrote:
Reading the current news, Spain is not officially considering using the ESF. It's either print money or just leave the euro. Italy also would never do such a step, and this can be said for most states, especially after they've seen what cost Greece had to pay.
There is the possibility of the BCE taking decisions with maiority votes, with Germany, the Netherlands and a few others voting against.
Personally i can agree that ending the euro in its current form might be the solution, without a political union it makes no sense, as every member state has to account for his own electorate, so Germany for example cannot support stronger measures even if rationally they're necessary, because whoever does that, will lose alot of votes at home.
Fixed your post. If history is of any use, they will eventually ask for money.
However, money is being printed as well. ECB will buy bonds in the short end of the yield curve, which has decreased the spanish 2-year.
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On August 08 2012 11:16 {CC}StealthBlue wrote:
How would Greece leaving the EU be anything but chaotic especially if it defaults? Lot of pissed off Creditors and even more taxpayers. Then what about Spain, they prepared for that?
I would have thought Argentina 2001 would have been a much larger bankruptcy than Greece? Why no comparison from the commentators.
Fact is whether they announce bankruptcy in 3 months or 3 years they are still bankrupt and must eventually declare bankruptcy.Same as UK , same as Japan , same as USA , Spain , Italy , Portugal.World economy only goes one way from here and that is down.
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People with big Euro shorts.
6 months later, still yet to be proved wrong! Having a lot of fun looking at all the abusive messages I received.
Nettles - 400 billion Euro's at stake in Greece, minus the 100 billion investors have written down.. $130 odd billion in Argentina. Its hard to compare them because the bond markets are just so much more liquid now, you'd imagine the World would be able to take the hit on Greece more easily but the figures are much higher. Besides, they are completely different economies and completely different circumstances so they aren't really comparable at all.
And again Nettles, debt monetization could be part of a semi-sustainable solution (I don't advocate this! But its an option if you're willing to impose the inflation tax on your own people), Japan has been doing it for 20 years, and with 95% of their government debt in the publics hands, they aren't as vulnerable to the bond 'vigilantes.' Coupled with real structural change (again not likely but possible) printing could work, but as I mentioned above you'd have to effectively steal from your own people.. The governments may be 'bankrupt' as you say, but the citizens of all these Countries still have hard assets.
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On August 08 2012 21:54 Yurie wrote:Show nested quote +On August 08 2012 13:28 xDaunt wrote:
So is France really going to shoot itself in the head and pass that 75% tax rate that Hollande is proposing? Is a majority of French people actually on board with this? 75% is just high when looking at very recent times. As recently as 79 there was plenty of countries with higher personal top tax rates. Looking at the trend it has been going down the past 30 years, I don't know enough economics/politics to know why it has been doing that. http://www.taxpolicycenter.org/taxfacts/Content/PDF/oecd_historical_toprate.pdfThe arguments for moving money being easier today is of course striking, yet I don't see why they would suddenly do so just because of a few more % if they havn't already done so.
Listen newb! When you tax something, you get less of it. When you subsidize something, you get more of it. Cigarette taxes leads to fewer people smoking. Tax subsidies for green energy companies means you get more of them.
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instead of taxing the working rich (ceo's, managers) they should stop saving the true rich on our planet. The banking/investment industry that live on interest (work by someone else). But the investments have gone bad and they don't want to pay for it(loose the investment). But because they are too big too fail and hold a gun at the head of our economy ... So we pay ... and paying we will ... either by tax or inflation.
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On August 08 2012 21:23 radiatoren wrote:Show nested quote +On August 08 2012 07:19 Dusen wrote:Denmark should leave the EU which we should have done a long time ago. Instead teaming up with Finland, Sweden and Norway or something like that.. Atleast we where not stupid enougth to say "yes" to the Euro coin, but stupid enougth to put more money down in the Greece hole, just cause our Dear leader Helle Thorning Smith wants to secure herself a nice post in the EU when she gets crushed at next election. She didnt even ask nobody just signed the damn thing -.-' You cant have the same coin when you financially are very far apart, thats what i've heard from people when we've talked about the crisis. And no i dont know much about the crisis, but even a noob can see this is only going one way which is DOWN (( Stop applying logic to politics. It does not work that way! Denmark is already teamed up with Finland, Norway, Sweden and Iceland. They are having a meeting before the EU meetings already! The european economic policy is not controlled by Denmark: We are pegged to Merkel and it would have been exactly the same with another leader.
You sure about that? Cause as far as i remember everyone else was against it, but HTS just overulled everyone and threw money in the Greek hole of lost money.
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On August 08 2012 22:56 kokomojowelieole wrote:Show nested quote +On August 08 2012 21:54 Yurie wrote:On August 08 2012 13:28 xDaunt wrote:
So is France really going to shoot itself in the head and pass that 75% tax rate that Hollande is proposing? Is a majority of French people actually on board with this? 75% is just high when looking at very recent times. As recently as 79 there was plenty of countries with higher personal top tax rates. Looking at the trend it has been going down the past 30 years, I don't know enough economics/politics to know why it has been doing that. http://www.taxpolicycenter.org/taxfacts/Content/PDF/oecd_historical_toprate.pdfThe arguments for moving money being easier today is of course striking, yet I don't see why they would suddenly do so just because of a few more % if they havn't already done so. Listen newb! When you tax something, you get less of it. When you subsidize something, you get more of it. Cigarette taxes leads to fewer people smoking. Tax subsidies for green energy companies means you get more of them.
Why the namecalling? Negative tone is negative. I agree with you btw but not the namecalling. Imho if you tax the superrich 75% they will take their business elsewhere. 51% is the absolute max you can tax safely.
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On August 09 2012 07:52 frontliner2 wrote:Show nested quote +On August 08 2012 22:56 kokomojowelieole wrote:On August 08 2012 21:54 Yurie wrote:On August 08 2012 13:28 xDaunt wrote:
So is France really going to shoot itself in the head and pass that 75% tax rate that Hollande is proposing? Is a majority of French people actually on board with this? 75% is just high when looking at very recent times. As recently as 79 there was plenty of countries with higher personal top tax rates. Looking at the trend it has been going down the past 30 years, I don't know enough economics/politics to know why it has been doing that. http://www.taxpolicycenter.org/taxfacts/Content/PDF/oecd_historical_toprate.pdfThe arguments for moving money being easier today is of course striking, yet I don't see why they would suddenly do so just because of a few more % if they havn't already done so. Listen newb! When you tax something, you get less of it. When you subsidize something, you get more of it. Cigarette taxes leads to fewer people smoking. Tax subsidies for green energy companies means you get more of them. Why the namecalling? Negative tone is negative. I agree with you btw but not the namecalling. Imho if you tax the superrich 75% they will take their business elsewhere. 51% is the absolute max you can tax safely.
I think we would definitely see businesses paying out 999,999 Euro salaries and using loopholes to distribute the rest. The only real way to 'tax' the super rich is to stop the governments sponsorship of their failed companies and reintroduce competition into the marketplace.
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EPT
