MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
You need to make your mind up Torminalis. If the financial system [b]does not[/b] exist because of the law and state that uphold it, then you can't complain about it being unfair - there is nothing you can do about it.
However the law and the state [b]is[/b] responsible for the financial system - no one prints their own money, ultimately everyone is indebted to the state for their own personal wealth. An important point to remember, when people start whingeing about paying their taxes.
ernie, just because I believe that markets and trade are a natural phenomenon does not mean that I cannot demand representation in return for my taxation. We pay a fortune to the government to regulate the markets amongst other things and they seem to be using that money against us a lot of the time.
The state provides the money but wealth still exists without money, they merely provide a medium for the exchange and storage of wealth. Even the storage of that wealth actively diminishes its value! What sort of idiotic system is that? If the wealth is created by the state, how come every time more turns up, ours becomes worth less?
how come every time more turns up, ours becomes worth less?
share dilution?
Torminalis:
Are you aware that it's an immensely fine line between regulating to stop bad people taking advantage and stifling economic growth?
It's extremely difficult to get the balance right. The bad people aren't always bad and their money making generates a lot of money for everyone else on the whole (but not always). So we need them in some ways to contribute to a dynamic wealthy economy. If we legislate them too much they bugger off elsewhere and take their money with them.
Are you aware that it's an immensely fine line between regulating to stop bad people taking advantage and stifling economic growth?
Of course I am.
If we legislate them too much they bugger off elsewhere and take their money with them.
This is what we are told ad nauseum but studies have shown that executive pay is very well into the realms of diminishing marginal returns. The performance gap between someone paid £100k and £1m is much less than the difference between someone earning £10k and £100k. Maybe a cultural change where people are just workers rather than masters of the universe is required.
They do make money for the coffers of the country but only about 12% (in the financial services industry) and if that is so easily lost is it really worth having in the first place? Do bear in mind that the financial services industry don't actually make anything. They assist with the flow of capital from those who have it to those who need it but that is about about it. There must be a simpler and more effective way to do that without allowing so much cream to be skimmed from the top.
We keep hearing about the govt nationalising the risks and privatising the profits, we keep hearing about all of these implausibly productive people in our economy who will run away if we don't afford them an astronomical wage, we keep hearing that we have to encourage big businesses to invest in the UK. Personally I am inclined to challenge these assumptions.
The financial services industry actually depend on us and our money much more than we depend on them. It is they that need the pension pots and the insurance funds that we fill up, without a big stake their winnings would be marginal by comparison. And when they lose, it is us that lose, by having our pension pots decimated or our insurance premiums and our taxes pushed ever higher. They will still get their bonuses.
It's extremely difficult to get the balance right
It is but the Labour asshats and the tory scumbags don't even seem to try. How big was the tax break to Vodaphone? How much did Gordon sell off the gold for? How much did our state bank pay in bonuses this year? Why was the Murdoch deal not referred to Ofcomm and the monopolies people? How much was paid in bribes to the Saudi's? How many arms dealers did Cameron take to the Middle east with him? Why was the alleged Lockerbie bomber released? How many wars have the friends of government profited from whilst we run up debts to be paid off by our grandchildren?
I know it is hard to make it work properly but it would be nice to be able to believe that someone was at least trying.
The court system can only enforce these statutes and acts with the [b]'consent of the governed'[/b]. That is to say, if a man is in court for say driving through a red light and in court he doesn't give is consent to contract (more about that in a bit), the court has no power whatsoever to punish him for the 'crime', provided no other party has been harmed
This is the bit that's complete fanny and everything that comes after is gash (accurate legal terminology). That's not what government by consent/policing by consent/consent of the governed means.
Firstly, it's a political concept/belief/policy about how things should be, not a legal maxim about how things are.
Secondly, the consent referred to is collective, not individual. In the case of the US or UK, the consent operates by way of a democratically-elected government. It's irrelevant whether you individually decide or don't decide to consent today.
Both of these elements can be seen in the [url= http://en.wikipedia.org/wiki/Consent_of_the_governed ]following[/url]:
That elections of members to serve as representatives of the people, in assembly, [b]ought[/b] to be free; and that all men, having sufficient evidence of permanent common interest with, the attachment to, the community, have the right of suffrage, and cannot be taxed or deprived of their property for publick uses without their own consent, [b]or that of their representatives so elected[/b], nor bound by any law to which they have not, [b]in like manner[/b], assented, for the public good."
It's just all cut & paste bollocks seized on by simpletons and lizard-botherers to avoid paying for stuff.
What the hell is a 'lizard botherer'...?
Similar to a god bother but believes lizards are in charge - see David Icke
Aha! David Icke! The man in the tracksuit!
I find his perspective informative and thought-provoking. Apart from the lizard shite. That's just crazy talk.