[oxj]

It's probably true, we'll be in the stone age.

Reflect on what's posted throughout this forum.

1) Banks print money out of nothing
2) The printed money creates and encourages an economy
3) The banks make money because of the interest
they charge on it
4) Without this money the market economy (not
black market nor bartered) would stop
5) They collect money through interest and then charge it
again to lend it out because we want an economy, perpetually
6) Hoy paloi do not believe alternate money has value or is
valid, and traders should be prosecuted

So without the bankers, we'd be in the stone age, without
an economy and no alternative.

However, all of these rules are arbitrary.

[mcgowanjm]

$this->bbcode_second_pass_quote('oxj', 'I')t's probably true, we'll be in the stone age.

So without the bankers, we'd be in the stone age, without
an economy and no alternative.

However, all of these rules are arbitrary.

[lper100km]

Two or three random thoughts.

Isn't a bonus a discretionary payment made in recognition of exemplary service? So why should it be applicable to those whose 'talents' are responsible for the dismally poor, reckless and ruinous activities that have been the norm in the banking business for the past 20 years?

I understand that there are after tax benefits in receiving a large part of one's compensation in the form of a bonus. However, if that is done on a regular basis, and expected by the recipient, it seems to me that such compensation should be considered and taxed as salary instead.

Why would any one consider that the people whose activities have brought the system to it's knees should the ones who are most likely to restore it? Shouldn't these people be benched if not in the penalty box, and have the recovery team out there instead? These masters of the universe are too into thinking that the world is there for them, when they are supposed to be there to manage money in trust for others. Obviously they do not have the right mindset and they're not going to change on a dime, or ever. Let them all go, and quickly. The problem is that this attitude of entitlement has become pervasive throughout the financial business, right down to junior management levels. A major attitude change has to happen before any business policies change.

[Tanada]

Whenever we allow polliticians to distract us and place blame on someone other than themselves, who are the most guilty of the parties involved, we fool only ourselves.

If you allow or even encourage the government to wrong someone else in your name you diminish all citizens of that government.

[mcgowanjm]

$this->bbcode_second_pass_quote('lper100km', 'T')wo or three random thoughts.

A major attitude change has to happen before any business policies change.

[EarthGamePlayer]

$this->bbcode_second_pass_quote('', 's')ignificantly set back if we lose our talented people because Congress imposes a special tax on financial services employees

[jbrovont]

Honestly I don't see a problem here. A "Bonus" is something an employer pays an employee for doing a "good job." Supposedly, as tax payers we now own AIG - correct me if my "party line" here is off from the msm? Our AIG employees obviously failed to perform.

$this->bbcode_second_pass_quote('EarthGamePlayer', '')$this->bbcode_second_pass_quote('', 's')ignificantly set back if we lose our talented people because Congress imposes a special tax on financial services employees

[ReverseEngineer]

$this->bbcode_second_pass_quote('jbrovont', 'H')onestly I don't see a problem here. A "Bonus" is something an employer pays an employee for doing a "good job."

[Dawn]

$this->bbcode_second_pass_quote('Tanada', 'W')henever we allow polliticians to distract us and place blame on someone other than themselves, who are the most guilty of the parties involved, we fool only ourselves.

If you allow or even encourage the government to wrong someone else in your name you diminish all citizens of that government.

[lper100km]

$this->bbcode_second_pass_quote('mcgowanjm', '
')lper100km

Joined: Mon Jun 05, 2006 5:00 pm
Posts: 352
Location: Over the tracks, left under the overpass, right, third boxcar on the left, ask for Jack

LMAO on where you live. Thanx for that.

James

[mcgowanjm]

$this->bbcode_second_pass_quote('Dawn', '')$this->bbcode_second_pass_quote('Tanada', 'W')hat happened to firing people?

[Aaron]

$this->bbcode_second_pass_quote('efarmer', 'A')merica has adopted the notion that somehow the bulk of
it's people can become investors who via personal or hired
insight and savvy, can surf on the real labor, production,
and material wealth of earth almost solely on their reputation
and financial leverage. In such a context, the richest investors,
bankers, and investment apparatchiks become god like figures
and wield great power. When a Wall Street bankster speaks of
the stone age, I think he is talking about back in the day before
he was a god like contrivance.

When you sell your freedom for comfort, the final insult is that
they take your big comfy chair and turn off the reassuring rhetoric
on your info screens.

We have educated and fielded the largest crop of financial
parasites in the history of the world and having swarmed
like locusts, they are going to make a huge noise due to
having eaten all the crops and still being hungry before
they fall back in line to a sustainable population.

When people who are largely self sufficient innovate you get
a situation like young America, when they all get clever and lazy
and wish to bet on other people's lives for income, you get an
America that having rebelled from England because they did
not wish to be the colonial drone workers, have adopted
what they rebelled against in the first place.

The only place we can all be royalty or manufactured nobility
is on television and in the adverts of the huckster gods of
Wall Street and their hired hands in Washington.

[mattduke]

$this->bbcode_second_pass_quote('', ' ')"Our calls are up 280 percent," said Richard Boggs, founder and chief executive of Los Angeles-based Nationwide Tax Relief, a firm that helps delinquent taxpayers resolve tax issues.

"We've seen a huge rise in what we call the rookie delinquent taxpayer," he said. "They are incredibly scared, and they have no idea what's going to happen to them because, God bless them, they've never owed before."

[PrestonSturges]

$this->bbcode_second_pass_quote('mattduke', '
')
On a personal note, I know that income taxes are by far my biggest expense.

[vision-master]

House payment
Utilities
Car payment
Insurance
Taxes
Food
.
.
.
.
.
.Beer?

[Jotapay]

I pay about 33% of my salary in taxes. My employer pays another $7000 in taxes per year to employ me, on top of what I pay.

[vision-master]

$this->bbcode_second_pass_quote('Jotapay', 'I') pay about 33% of my salary in taxes. My employer pays another $7000 in taxes per year to employ me, on top of what I pay.

[gnm]

$this->bbcode_second_pass_quote('Jotapay', 'I') pay about 33% of my salary in taxes. My employer pays another $7000 in taxes per year to employ me, on top of what I pay.

[Fishman]

Go Galt. Decrease you income intentionally if possible, buy as little as possible. Starve the beast.

[Ludi]

$this->bbcode_second_pass_quote('Jotapay', 'I') pay about 33% of my salary in taxes. My employer pays another $7000 in taxes per year to employ me, on top of what I pay.