an excellent read from the ACLU

On 12/11/2011 10:34 PM, Eric Stevens wrote:
On Sat, 10 Dec 2011 19:56:37 +0100, Wolfgang Weisselberg
wrote:

wrote:
On 12/8/2011 3:29 PM, Wolfgang Weisselberg wrote:
wrote:
On 2011-12-04 19:11:00 -0800, said:

Why not, isn't it the capitalists in France causing that problem? Seems to
me the US capitalists are far worse.

Just wait and see what the German capitalists have in mind for Europe.

http://www.washingtonpost.com/world/...wTO_story.html

Start behaving more responsible? 'orrible. The poor Greek ...
imagine having to have money before spending it! It's the
end of the world --- and all that because of US banks.

Please explain, in clear English, with supporting facts, exactly why it
is the fault of the US banking system.

http://en.wikipedia.org/wiki/Late-20...nancial_crisis
http://en.wikipedia.org/wiki/Late-20..._Europe#Greece
http://en.wikipedia.org/wiki/2010_Eu...is#Speculators

It wasn't the US Banks which caused just about every country in the
world to pour out money by the bucket load for frivolous reasons
within their own economies.


I guess he was not being sarcastic.


--
Peter

On 12/12/2011 3:15 AM, Trevor wrote:
"Eric wrote in message
...
It wasn't the US Banks which caused just about every country in the
world to pour out money by the bucket load for frivolous reasons
within their own economies.

It was the US banks that sold them truck loads of worthless junk bonds
though. Stupid of the Europeans to think US banks were motivated by anything
other than outright greed though, which of course is what the Eurpopeans
were also doing when they bought them!
As smart people know, you can't con an honest man, it takes a gun or
government to rob him instead :-(


Were they forced to buy?
Was there coercion?


--
Peter

On 12/12/2011 8:14 AM, Pete Stavrakoglou wrote:
wrote in message
...

"Eric wrote in message
...
It wasn't the US Banks which caused just about every country in the
world to pour out money by the bucket load for frivolous reasons
within their own economies.

It was the US banks that sold them truck loads of worthless junk bonds though.
Stupid of the Europeans to think US banks were motivated by anything other
than outright greed though, which of course is what the Eurpopeans were also
doing when they bought them!
As smart people know, you can't con an honest man, it takes a gun or
government to rob him instead :-(

Trevor.

Greece is in the state it's in because of government spending, overly generous
government benefits, lack of adequate tax collection, and a "gimme, gimme,
gimme" mindset of its citizens.



sadly, Italy and Spain are not far behind. Hopefully, they both have the
political to pull themselves out of it.


--
Peter

"Pete Stavrakoglou" wrote in message
...

Greece is in the state it's in because of government spending, overly
generous government benefits, lack of adequate tax collection,

Dead right there, just as the US would be OK *IF* they actually collected
taxes from the rich and big corporations.
It's certainly not the poor where most of the money went in either country!

Trevor.

"PeterN" wrote in message
...
As smart people know, you can't con an honest man, it takes a gun or
government to rob him instead :-(


Were they forced to buy?

Governments do the buying with taxpayers money, taxpayers rarely have any
say in it.

Was there coercion?

Governments control the police force, armies, national guard, security
agencies etc. How much more coercion do you need! :-)

Trevor.

"tony cooper" wrote in message
news
Governments do the buying with taxpayers money, taxpayers rarely have any
say in it.

The government employees who do the buying are, themselves, taxpayers.
In fact, they are sharing the burden more than many since they are
employed - usually at rather good salaries

That's the problem, it's not their money they waste, and they usually have a
far better life style than many others.


and paying income taxes, property taxes, and taxes on purchases.

Which is why they love flat taxes so much. The old days of progressive taxes
where those who could afford it actually paid more, are just about gone
unfortunately. The new paradigm is the richer you are, the better the
accountant you can afford, shelf companies you can set up, family trusts you
can utilise, off shore tax havens you can register, and the less tax you
actually pay. The tax burdon now falls almost entirely on the middle class
and poorest members of the community because they have no ability to escape
it.

Trevor.

On 12/12/2011 9:18 PM, Trevor wrote:
wrote in message
...
As smart people know, you can't con an honest man, it takes a gun or
government to rob him instead :-(


Were they forced to buy?

Governments do the buying with taxpayers money, taxpayers rarely have any
say in it.

Was there coercion?

Governments control the police force, armies, national guard, security
agencies etc. How much more coercion do you need! :-)

Here is the contest of my question/comment. Your Snipping clearly shows
intellectual dishonesty?



You said: " It was the US banks that sold them truck loads of worthless
junk bonds though. Stupid of the Europeans to think US banks were
motivated by anything other than outright greed though, which of course
is what the Eurpopeans were also doing when they bought them!
As smart people know, you can't con an honest man, it takes a gun or
government to rob him instead..."

that way the comment to which I asked my question. Your response to my
question was a meaningless rant

EOD.




--
Peter

"Trevor" wrote in message
...

"tony cooper" wrote in message
news
Governments do the buying with taxpayers money, taxpayers rarely have any
say in it.

The government employees who do the buying are, themselves, taxpayers.
In fact, they are sharing the burden more than many since they are
employed - usually at rather good salaries

That's the problem, it's not their money they waste, and they usually have a
far better life style than many others.


and paying income taxes, property taxes, and taxes on purchases.

Which is why they love flat taxes so much. The old days of progressive taxes
where those who could afford it actually paid more, are just about gone
unfortunately. The new paradigm is the richer you are, the better the
accountant you can afford, shelf companies you can set up, family trusts you
can utilise, off shore tax havens you can register, and the less tax you
actually pay. The tax burdon now falls almost entirely on the middle class and
poorest members of the community because they have no ability to escape it.

Trevor.

Your claim tha the burden falls on the middle class is wrong. 40% of all
federal income taxes are paid by the top 1%, the top 5% pay over 70% of all
federal income taxes, the top 10% pay over 80% of all federal income taxes.

"Trevor" wrote in message
...

"Pete Stavrakoglou" wrote in message
...

Greece is in the state it's in because of government spending, overly
generous government benefits, lack of adequate tax collection,

Dead right there, just as the US would be OK *IF* they actually collected
taxes from the rich and big corporations.
It's certainly not the poor where most of the money went in either country!

Trevor.

Per my last post. The top 1% pay over 40% of all federal income taxes, the top
5% over 70% and te top 10% over 80%. You can take all of the money rich people
have and it would not put a dent in the deficit because our federal government
has an insatiable appetite to spend.

In article , says...

"Trevor" wrote in message
...

"Pete Stavrakoglou" wrote in message
...

Greece is in the state it's in because of government spending, overly
generous government benefits, lack of adequate tax collection,

Dead right there, just as the US would be OK *IF* they actually collected
taxes from the rich and big corporations.
It's certainly not the poor where most of the money went in either country!

Trevor.

Per my last post. The top 1% pay over 40% of all federal income taxes, the top
5% over 70% and te top 10% over 80%.

Source?

You can take all of the money rich people
have and it would not put a dent in the deficit because our federal government
has an insatiable appetite to spend.