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What do you believe "money" is?

Discussion in 'General Discussion' started by Aquaheat, 31 Jul 2017.

  1. noseall

    noseall

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    Which tax is that then?
     
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  3. Mikefromlondon

    Mikefromlondon

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    Money is the oil, and engine is the economy, when both are running smoothly everyone is happy, when the engine sump starts leaking oil, it soon dries up and the economy will come to a grinding halt, so sump being the spending on things and paying taxes and duties, and holes in the sump being savings, so when people don't save, spend all the money they earn, it goes back into circulation, everyone is happy, savers are the problem, so people who save money should be penalised with a tax, because they are the holes in the sump. Money should be fully circulating, which means people shopping, buying things, manufacturers kept busy, employing more people, no one jobless, so let us start looking at savers, why are they hording money?

    Also I can eliminate poverty overnight, so for example let us take the most poorest country, and IMF injects 1 trillion dollars to that poor country, by the same token IMF can give all other countries that same amount, such that every country will benefit by 1 trillion dollars each, but a trillion dollars would go a long way for a poor country who can then utilise that fund to bring their standard of living to the same level as advanced developed nations, thus removing inequality, this would stop all migrants from leaving their country looking for better opportunities in the West, if wage levels in each country becomes equal, no one would want to migrate to another country to seek better pay. there would be no need for things like border control and Brexit, as people would much rather stay at home and work in their own country.

    The whole problem our world is facing is due to inequality and obscene wage levels, take for instant in even in Britain, Lawyers are earning obscene rates of money something like £300.00 PH, that is gross and obscene, when they only pay a skilled trades person something like £25 ph, recently I withdrew a court case against a someone because of obscene charges of solicitors, I wanted to refute a bankruptcy case where I would only get back a sum of £4K, but not without extensive amount of litigation, that means my lawyer (Solicitor) told me he would charge me £250.00 PH and cost of a Barrister would be £700.00, and bearing this in mind I decided that I much rather lose my £4K than to feed rich scums. I had to withdrew my case.If I do any work for any solicitors, my rate for them would be same as theirs for me.
     
    Last edited: 1 Aug 2017
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  4. Roger928

    Roger928

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    Yes a bit like Venezuela. The socialist utopia that corbyn was always banging on about and how we should emulate its leaders.
    Now its riots at dawn and the corbyn brigade have gone strangely quiet.
    With corbyn reduced to calling other ministers "*******" for daring to ask awkward questions.
    Socialists always run off other peoples money.
     
  5. Roger928

    Roger928

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    For a rainy day. For when they are in ill health and can use that money to pay for their treatment.
    For when they lose their job and can fall back on their savings instead of signing on the dole.

    So that other people don't have to pay for their treatment and dish out dole money and so that the government doesn't have to sink the country and future generations borrowing billions to pay the dole bludgers and the sickly who never saved enough to pay for their own treatment.

    There is something very satisfying about being able to write a cheque for £15k for a heart by pass and being fast tracked for the operation as opposed to being on a waiting list and for months moaning about how the nhs has went to the dogs.
    Savers are not the problem. Its the spendthrifts you need to look at.
     
    Last edited: 1 Aug 2017
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  6. Mikefromlondon

    Mikefromlondon

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    A little savings is OK, but if one was hording 100K for instance, that may be more than one needs for a rainy day, end of the day if someone had contributed to the Social Security through paying by means of taxes, and NIC, so when his time comes bad, why not claim from the dole, what is therefore the purpose of having a Social Security and everyone contributing towards it, it is a form of health and job (income) guarantee insurance at a affordable price.
     
  7. Roger928

    Roger928

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    You would like to think that if you pay your taxes you will be looked after. Doesn't seem to be the case anymore.
    More and more people are going private for health care. People who can afford it obviously.
     
  8. HawkEye244

    HawkEye244

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    I agree about most of that but I'm not so sure about the last part. I've personally witnessed some places on the web (the legal web not the dark web) which talk about the fradulent nature of fiat currency and those forums have been shut down, if not shut down they are constantly under attack by paid shills and disinformation agents. This is not my paranoia there are plenty of classified and unclassified documents showing that government has and does have an interest in these sorts of discussions and actively carries out intelligence information gathering and data mining operations on 'targets' and this makes sense because they are at odds with the established order.

    It's funny when 'council tax' is mentioned because I've noticed people automatically come out either in defence or attack concerning it. As though to question it is to attack it, wouldn't you like to know more about how it really works though? Because I've looked into it and that's what I found. By all means though, if there's anything specific I've said that anyone is at odds with please post and I'll try and be clearer in my response.
     
    Last edited: 1 Aug 2017
  9. SirGalahad

    SirGalahad

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    Read what I posted. I agree with you.
     
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  11. SirGalahad

    SirGalahad

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    You are so deluded it beggars belief unless you are on a wind up. Health Insurance as an efficient delivery / payment method for healthcare- that is so debunked and laughable.
     
  12. Roger928

    Roger928

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    Where did I mention health insurance in that post?
    Another left wing socialist who has neither a bean nor a brain left to look after himself and depends on others.
    Socialists always run out of other peoples money. Poor old socialists.
     
    Last edited: 2 Aug 2017
  13. Roger928

    Roger928

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    ******
    fake post removed
    ******
     
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  14. SirGalahad

    SirGalahad

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    Can you describe socialism to me. Your understanding of it.

    Is it people paying taxes and then someone else deciding what to spend that money on?
     
  15. Gerrydelasel

    Gerrydelasel

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    Eventually it is fully circulating; even savings get spent eventually, it can't 'leak out' forever.
    Besides, money is a proxy for bartering; it reprents wealth (stuff that has value, i.e. goods and services). Wealth is being created all the time, and therefore the amount of money in the system is also growing all the time, since it represents the amount of wealth available to be traded. If you create more money than wealth you get inflation. Savings represent wealth you have created but not traded yet. Although income inequality has increased slightly since the 1980s (but still historically low), wealth inequality in Britain is among the lowest in the world, e.g. you probably have the same TV that Richard Branson and Alan Sugar have.

    No, the problem you're describing there is jelousy. It takes years to train as a lawyer (expensive) and it also requires a level of intelligence that not everyone posesses. Most trades require minimal training, at relatively low cost, with minimal intelligence needed. Trade therefore commands a lower price than lawyers. Someone who spends £40k for four years at university plus years internship to train in a high-liability subject that most people fail at, can reasonably expect that initial outlay, time and effort, to be returned later. With fewer working years remaining the salary is therefore necessarily higher than for someone who can be trained at low or no cost by the age of 18, in a low-liability subject that most people can do.
     
  16. empip

    empip

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    According to the Bank Of England

    "...Narrow money (notes and coin) balances

    Our notes and coin statistics show the amount of sterling banknotes and coins in circulation outside the Bank of England, including those held in banks' and building societies' tills..." Not current / cash accounts
    M0 I believe.
    https://docs.google.com/viewer?doce...cs/Documents/bankstats/2017/aug/TabA1.1.1.xls
    Notes and Coin (£millions)
    "...2017
    Jan £81,399
    Mar £81,651
    Apr £81,743
    May£81,956
    Jun £82,210
    Jul £82,355..."

    So there you go, around £82.355 billion in circulation.
    Between £4 to £5 billion in coinage (Royal Mint) http://www.royalmint.com/discover/uk-coins/circulation-coin-mintage-figures

    About £1267 for each man, woman, child, and others in the UK. Not a lot is it ?

    See the 'M's here http://www.investopedia.com/terms/m/m1.asp
    -0-
     
  17. SirGalahad

    SirGalahad

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    Do you even know what socialism means? Do you even know basic economics. How old are you?
     
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