JC Political Thread - For All Things Political Part 2

[1985VK]

[SARCASM]
Yes because our economy is so much larger and far reaching than than that of the US and the AUD is obviously in higher demand than the USD.
[/SARCASM]

The USA is on the brink of collapse ... they are masters of deceit and brought about a GFC ...

 

[Skydrol]

Skydrol

Under the Australian Constitution, the Federal Government is responsible for the printing and issuing of our currency. The mint is the Government authority vested with the responsibility of printing notes and stamping coins. No other legal authority exists within Australia for these roles. We've had our crimes who have tried many times but their efforts are generally detected pretty quickly. AFAIK, the security safeguards designed into Australian banknotes is world leading.

So how the Gov pay for Gov Programs and Services? How much you guys pay on taxes? On my view, always will be a deficit that will never be paid and keeps on growing.

 

[1985VK]

David Walker comptroller general of the US GAO quit over the GFC ...

 

[thestig]

The USA is on the brink of collapse ... they are masters of deceit and brought about a GFC ...

I have no doubt they are on the brink of collapse, but the reason's behind that are a completely different story/debate. It isn't because of the "evils of capitalism".

A couple of things that come instantly to mind;

It is because the US have been borrowing money off China for the past 3 decades to buy goods from China. They have very little industry left.

Trump has spent the last 2 years plus undermining the trust that underpins a capitalist democracy.

 

[1985VK]

Skydrol

Under the Australian Constitution, the Federal Government is responsible for the printing and issuing of our currency. The mint is the Government authority vested with the responsibility of printing notes and stamping coins. No other legal authority exists within Australia for these roles. We've had our crimes who have tried many times but their efforts are generally detected pretty quickly. AFAIK, the security safeguards designed into Australian banknotes is world leading.

That's what they want us to believe .... securency scandal ... google it ...

 

[thestig]

So how the Gov pay for Gov Programs and Services? How much you guys pay on taxes? On my view, always will be a deficit that will never be paid and keeps on growing.

I pay taxes because they provide the infrastructure and security in which I live. I have the choice of moving to a country that has none of these things, you to do Skydrol (at least for now). May I suggest you avail yourself of that opportunity if you wish, but please leave me out of it.

 

[Calaber]

So how the Gov pay for Gov Programs and Services? How much you guys pay on taxes? On my view, always will be a deficit that will never be paid and keeps on growing.

Income tax, royalties, multiple taxes such as payroll, corporate taxes, foreign investment, form the majority of Federal income. Income tax rates are comparitivel high by international standards. Company tax at 30% is high.

 

[1985VK]

I pay taxes because they provide the infrastructure and security in which I live. I have the choice of moving to a country that has none of these things, you to do Skydrol (at least for now). May I suggest you avail yourself of that opportunity if you wish, but please leave me out of it.

Why move when others get into the Panama papers ... https://www.icij.org/investigations/panama-papers/

 

[thestig]

Thrashing it out by reading ... a debate in slo mo ....

I understand that reading must be hard for you. But nothing easy is worth doing.

 

[Calaber]

That's what they want us to believe .... securency scandal ... google it ...

I'm quite happy to believe it. I've never subscribed to any conspiracy theories and I'm too bloody old to start now.