Pages: 1 … 162 163 164 165 166 … 695

 

2011-12-03 14:29:29
unnamednewbie13
Moderator
+2,053|7016|PNW

KEN-JENNINGS wrote:

i just got a text from a friend saying congress passed a bill that proclaims the US as a battlefield which gives authority to government to lock up, detain, even KILL citizens suspected of terrorism indefinitely. He left me with this caveat -
Realize, peaceful protesters, gun owners, war veterans and Ron Paul supporters are on the govenrment website as "the greatest terrorist threat"

so keep that in mind when you vote mssr. uzique
I can only find that in the weirdest recesses of conspiracy forums.

This is what they're talking about?

http://en.wikipedia.org/wiki/National_D … zation_Act

2011-12-03 14:32:25
Dilbert_X
The X stands for
+1,815|6350|eXtreme to the maX

Jay wrote:

Well, when your party platform is based on Puritanical moral righteousness...
There's the problem.
Fuck Israel
2011-12-03 14:38:49
unnamednewbie13
Moderator
+2,053|7016|PNW

Here's it is if anyone wants to peruse it: http://www.gpo.gov/fdsys/pkg/BILLS-112s … 867pcs.pdf

And the Udall Amendment, which I read was rejected.
2011-12-05 20:58:16
Macbeth
Banned
+2,444|5830

Betty Ellis takes an extra glance at the couches in her living room with a smile that stretches ear-to-ear. She has waited a long time to finally step inside what is legally her own home.

Ellis, 53, closed on the purchase of a single-family home on McAdoo Avenue in the Greenville section of Jersey City, becoming the first person in Hudson County to purchase a home through the Section 8 Homeownership Program.

"It's a process that has kept me running. You need to be on point with it, very persistent, but my wish came true in the end," she said.

The program, created in 2003, allows vouchers for monthly rent payments to be applied toward some ownership expenses, including principal and interest on the mortgage, insurance, taxes, utilities and other homeownership expenses.
...
Ellis started searching in 2006 when she heard about the program. She met Musharbash last year. He was able to close the deal for the $82,000 home under a 30-year fixed-rate mortgage with payments in line with Ellis's voucher amount, $925 per month. She had to pay around $2,700 that she had saved to cover the closing costs.
Really really sad. NJ has the highest property taxes in the country and this is what it goes to.
2011-12-05 21:39:32
KEN-JENNINGS
I am all that is MOD!
+2,979|6876|949

what kind of house can $82k get you there?
2011-12-05 22:34:34
Macbeth
Banned
+2,444|5830

One in the hood. Jersey City is a shit hole.
2011-12-05 22:38:47
Kmar
Truth is my Bitch
+5,695|6845|132 and Bush

I'm sure Jersey is still behind DC, Hawaii, California, and NY.. certainly higher priced than most other states though.
Xbone Stormsurgezz
2011-12-07 14:40:21
Dilbert_X
The X stands for
+1,815|6350|eXtreme to the maX
Here we go.....

The leaders of France and Germany have called jointly for eurozone countries to have common corporation and financial transaction taxes.

The tax policy would apply initially to the 17-member eurozone. France has long complained about Ireland's low corporation tax rate of 12.5%.

The proposal came in a letter to European Council President Herman Van Rompuy, on the eve of a key EU summit.

Both countries want changes to the EU treaties to enforce budget discipline.

The push for EU tax harmonisation is highly controversial. The UK especially has for years resisted moves towards tax harmonisation in the 27-nation bloc.
http://www.bbc.co.uk/news/world-europe-16075890
Fuck Israel
2011-12-07 15:21:33
AussieReaper
( ͡° ͜ʖ ͡°)
+5,761|6397|what

One of the reasons Ireland had a bubble that burst so spectacularly is the low corporation tax rate attracted cheap building programs that were not needed or wanted. After the construction of new homes/flats completed the those that invested into those programs became the holders of nothing more than toxic assets because there was no demand at all for people to buy them.

Makes sense that even if they don't all have a standardised tax rate, they at least normalise the rates of the other countries.
https://i.imgur.com/maVpUMN.png
2011-12-07 15:28:40
Dilbert_X
The X stands for
+1,815|6350|eXtreme to the maX
So Ireland can have a bubble which bursts, why is that Germany's business? It shouldn't be their problem either.

Country problems should be the problem of that country, and there should be a mechanism for it to work itself out. The Eurozone is flawed in that respect.

I don't know if this is just an engineered push for a Fourth Reich or what exactly.
Fuck Israel
2011-12-07 15:29:29
Jay
Bork! Bork! Bork!
+2,006|5602|London, England

AussieReaper wrote:

One of the reasons Ireland had a bubble that burst so spectacularly is the low corporation tax rate attracted cheap building programs that were not needed or wanted. After the construction of new homes/flats completed the those that invested into those programs became the holders of nothing more than toxic assets because there was no demand at all for people to buy them.

Makes sense that even if they don't all have a standardised tax rate, they at least normalise the rates of the other countries.
What? Holy fuck, where did you read that drivel?
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
2011-12-07 15:30:35
Dilbert_X
The X stands for
+1,815|6350|eXtreme to the maX
People made moronic investments using cheap money they never thought they'd have to pay back.
I doubt corporation tax was an issue.
Fuck Israel
2011-12-07 15:33:56
AussieReaper
( ͡° ͜ʖ ͡°)
+5,761|6397|what

Jay wrote:

AussieReaper wrote:

One of the reasons Ireland had a bubble that burst so spectacularly is the low corporation tax rate attracted cheap building programs that were not needed or wanted. After the construction of new homes/flats completed the those that invested into those programs became the holders of nothing more than toxic assets because there was no demand at all for people to buy them.

Makes sense that even if they don't all have a standardised tax rate, they at least normalise the rates of the other countries.
What? Holy fuck, where did you read that drivel?
Serious?

You didn't know Ireland went through a recession?

Maybe start here:

http://en.wikipedia.org/wiki/2008%E2%80 … ial_crisis

This briefly describes what happened with the property market that I mentioned above,

http://en.wikipedia.org/wiki/2008%E2%80 … rty_market

but feel free to do your own research and remove some ignorance from your life.
https://i.imgur.com/maVpUMN.png
2011-12-07 15:37:29
Mutantbear
Semi Constructive Criticism
+1,431|6209|London, England

potato famine
_______________________________________________________________________________________________ https://i.imgur.com/Xj4f2.png
2011-12-07 15:37:56
Doctor Strangelove
Real Battlefield Veterinarian.
+1,758|6712
Which wasn't really a famine.
2011-12-07 15:38:09
Jay
Bork! Bork! Bork!
+2,006|5602|London, England

AussieReaper wrote:

Jay wrote:

AussieReaper wrote:

One of the reasons Ireland had a bubble that burst so spectacularly is the low corporation tax rate attracted cheap building programs that were not needed or wanted. After the construction of new homes/flats completed the those that invested into those programs became the holders of nothing more than toxic assets because there was no demand at all for people to buy them.

Makes sense that even if they don't all have a standardised tax rate, they at least normalise the rates of the other countries.
What? Holy fuck, where did you read that drivel?
Serious?

You didn't know Ireland went through a recession?

Maybe start here:

http://en.wikipedia.org/wiki/2008%E2%80 … ial_crisis

This briefly describes what happened with the property market that I mentioned above,

http://en.wikipedia.org/wiki/2008%E2%80 … rty_market

but feel free to do your own research and remove some ignorance from your life.
What does any of that have to do with Ireland's corporate tax rate?
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
2011-12-07 15:38:33
Dilbert_X
The X stands for
+1,815|6350|eXtreme to the maX
The property bubble/banking crisis and corporation tax are still unrelated.

A lifetime of being upside down has affected your judgement I suspect.
Fuck Israel
2011-12-07 15:40:32
Jay
Bork! Bork! Bork!
+2,006|5602|London, England
If France is losing business to Ireland it puts the lie to their whole 'Socialism is beneficial to business' mantra doesn't it?
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
2011-12-07 15:42:44
AussieReaper
( ͡° ͜ʖ ͡°)
+5,761|6397|what

Dilbert_X wrote:

The property bubble/banking crisis and corporation tax are still unrelated.

A lifetime of being upside down has affected your judgement I suspect.
Ireland became the Celtic Tiger off the back of the corporation tax rate.

http://en.wikipedia.org/wiki/Celtic_Tiger#Tax

"Many economists credit Ireland's growth to a low corporate taxation rate (10 to 12.5 percent throughout the late 1990s), and to net transfer payments from members of the European Union like Germany and France that were as high as 4% of gross national product. Since 1956, successive Irish governments have pursued low taxation policies."

It added fuel to the fire come the global financial crisis.
https://i.imgur.com/maVpUMN.png
2011-12-07 15:44:59
Dilbert_X
The X stands for
+1,815|6350|eXtreme to the maX
It wasn't a major factor, many countries have low corporation tax and manage to avoid getting into property bubbles.
Many countries have high corporation tax and still get into huge property bubbles, its not really relevant.
Fuck Israel
2011-12-07 15:48:38
AussieReaper
( ͡° ͜ʖ ͡°)
+5,761|6397|what

Dilbert_X wrote:

It wasn't a major factor, many countries have low corporation tax and manage to avoid getting into property bubbles.
Many countries have high corporation tax and still get into huge property bubbles, its not really relevant.
I didn't say it was a major factor, I've said it added fuel to the fire, and was one of the reason the buble burst so spectacularly.

There were plenty of firms that were attracted to Ireland due to the low tax rates, that would have had low demand regardless of the GFC. They were just hit harder due to it.
https://i.imgur.com/maVpUMN.png
2011-12-07 15:51:12
Uzique
dasein.
+2,865|6714

Jay wrote:

If France is losing business to Ireland it puts the lie to their whole 'Socialism is beneficial to business' mantra doesn't it?
what are you on about? ireland had a very brief bubble - and it was the biggest bubble imaginable - which has burst now that the EU gravytrain has finished. when i went to dublin as a kid ireland was a shithole, and literally in that time <10 years it has gone from shithole to boom to (now) bust. france won't be losing any business to ireland nowadays. france are pretty strong compared to places like ireland in this crisis.

Last edited by Uzique (2011-12-07 15:51:43)

libertarian benefit collector - anti-academic super-intellectual. http://mixlr.com/the-little-phrase/
2011-12-07 15:51:26
Dilbert_X
The X stands for
+1,815|6350|eXtreme to the maX
The Irish property bubble and corporation activity in Ireland are fairly unconnected, thats all I'm saying.

People borrowed and built speculatively at the peak of a boom = Usually bad.

Its nothing to do with 'socialism' either, since they're both essentially socialist IIRC.

Last edited by Dilbert_X (2011-12-07 15:52:22)

Fuck Israel
2011-12-07 15:51:36
Jay
Bork! Bork! Bork!
+2,006|5602|London, England

AussieReaper wrote:

Dilbert_X wrote:

The property bubble/banking crisis and corporation tax are still unrelated.

A lifetime of being upside down has affected your judgement I suspect.
Ireland became the Celtic Tiger off the back of the corporation tax rate.

http://en.wikipedia.org/wiki/Celtic_Tiger#Tax

"Many economists credit Ireland's growth to a low corporate taxation rate (10 to 12.5 percent throughout the late 1990s), and to net transfer payments from members of the European Union like Germany and France that were as high as 4% of gross national product. Since 1956, successive Irish governments have pursued low taxation policies."

It added fuel to the fire come the global financial crisis.
No, it did not. It fueled real growth. The housing bubble was just speculation that formed on the back of the real growth.

What you are saying is that growth is bad because it might cause bubbles to form. Stop posting Aussie, please.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
2011-12-07 15:53:18
Uzique
dasein.
+2,865|6714

Dilbert_X wrote:

The Irish property bubble and corporation activity in Ireland are fairly unconnected, thats all I'm saying.

People borrowed and built speculatively at the peak of a boom = Usually bad.

Its nothing to do with 'socialism' either, since they're both essentially socialist IIRC.
they're unconnected as far as fiscal policy goes (i.e. corporation tax), but usually when a country becomes an economic hotspot you can expect other types of bad speculation and rapid over-investment to go with it... everyone hops onto the boat for the promised land and it sinks.
libertarian benefit collector - anti-academic super-intellectual. http://mixlr.com/the-little-phrase/

 

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