LinkBack URL
About LinkBacksYour right it was there freewill and choice to pay these prices.
The endgame will probably be default unless they can negotiate with the lender.
Its only starting.
Originally Posted by SPN
Your right it was there freewill and choice to pay these prices.
The endgame will probably be default unless they can negotiate with the lender.
Its only starting.
A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.
WEAVER, HENRY GRADY,
A flat property tax is unjust for a number of reasons.
1) It makes no allowance for ability to pay (people on fixed incomes, etc.)
2) It is the ultimate double taxation as people will be paying off the taxes the Government got when they bought their property (+/-50%) for the next 20 years. Now they want them to pay again? Sod that!
"Always do right. This will gratify some people and astonish the rest." Mark Twain
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoléon Bonaparte
With the aim of continuing the non-partisan theme Spn, I agree people took on huge levels of debt, but for many there was no option. For example housing, I borrowed on the premise that the price of my house was the best price I could afford. Equally, the banks studied my form and agreed the mortgage. Now as is almost universal. the prices are dropping quicker than ten-pins. You may state that equally, the interest rate is falling, and true I would agree. However, there are many out there that (A) are not on trackers or variables, and (b) there are also many that are on sub-prime. Do these people not deserve some assistance, or were they reckeless in trying to make a life for themselves as best they could afford. It is all too easy now to suggest that someone who purchased a house or apt. in 2004,2005, 2006 for €300k, €400k, €500k as being reckless. On the contrary however, all those who tried prudence or thrift just saw the houses increase almost on a daily basis.
If any one is reckless it must be those that are in Govt. Regardless of all the arguments declaring the opposition, the trade unions, the banks, the developers and everyone else who can be deemed culpaple, the Govt. ie FF must take the blame overall.Just as it is obligatory for Govt. Health warnings on cigs, and legislation regarding other safety issues i.e safety belts etc. it is the Govt. that we look to for if not restraint then at least advice.Some people shouted stop, but they were called 'pinkos'I recall.
[COLOR=darkgreen][/COLOR]
[COLOR=navy]The Green Party Don't Accept Corporate Donations.[/COLOR]
[COLOR=navy][/COLOR]
[COLOR=navy]THEY GIVE THEM[/COLOR]
Have a double qualification ie one must be a property owner and an income tax payer. If one can afford to own property, one can pay €1,000.00 a year. That would bring in €1bn.
People be be paying more taxes anyway; it is only a question is how. Property tax are certain (people will know what they have to pay), stable (the total won't drop over time) and easy/cheap to collect if it is a flat rate (bands, assessments, updating valuations etc are not worth the money).
Taxing debt on negative equity.
Biffo would never leave the bunker under Farmleigh.
+1
(lengthening the message to 10 characters)
"Always do right. This will gratify some people and astonish the rest." Mark Twain
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoléon Bonaparte
What if people can't afford to pay property tax because they are already burdened enough,what will the government do then bring them to court and put a lien on their property.
A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.
WEAVER, HENRY GRADY,
The whole point of a property tax is to broaden the tax base, by taxing assets as well as income.
It defeats the purpose if property tax is only imposed on those already paying all the income tax.
Well it defeats the long-term strategic purpose, as opposed the short-sighted tactical purpose of just getting in more cash quickly.
The same people will always pay the taxes. Leave the long-term planning to the Commission on taxation, it is time to hit property owners in the fastest and most cost effective way possible.
Pensioners, social welfare reciptients who own houses (inheriters and criminals), and very low paid will not be able pay it.
Anyway, back to thread topic. Next revenue contrubtors pay €34bn to the exhequer.
For every 1euro they pay, 61c goes on social welfare, 60c goes to pay public sector workers through pay or pensions (who circuitiously also contribute to the exchequer so there is a double accounting element to this figure). Add to that the cost of borrowing to pay for social welfare and public sector workers (imagine giving that as a reason for a loan). Oh yeah, there is also those matters such as non-pay public services, like hosptals, schools, transport, courts, policing. Is this sustainable?
If people have to pay more taxes, should the return/benefit not be greater?
Again the problem here is people are been asked to bailout a government and a banking system that couldn’t budget properly. They have hundreds of experts to advise them, not like the man on the street. It is not the peoples fault in the Private sector or Public sector that the government got everything screwed up, they are not economic experts and have enough to be getting on with, trying to keep a roof over their heads, food on the table for their kids, and clothes on their backs.
The people did not overspend the money the Government did ,and it seems to me that the government are blaming everyone but themselves, saying” you had a good time now you pay the price” so bend over and take your medicine.
The people in this country should revolt if the Government want to tax them anymore, because when they start they will not stop, it will keep creeping up every year as they come back for more, until people start to wonder why they work at all.
The baboons in Government won’t worry about us peasants they have themselves well insulated against any financial turmoil, working expense accounts etc.
A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.
WEAVER, HENRY GRADY,
Reply With Quote