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Author Topic: Cyprus Agrees 30% Tax On Bank Deposits  (Read 2727 times)
Vladimir
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March 24, 2013, 05:13:49 PM
 #21


Japan, New Zealand, the rest of European piglet dominoes. These crises will come thin and thick from all directions now it seems.

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March 25, 2013, 05:46:23 AM
 #22

Well the very worst that an happen is money collapses and people start bartering with goods and services.

That form of economy is as old as teh earth.
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March 25, 2013, 08:00:48 AM
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Well the very worst that an happen is money collapses and people start bartering with goods and services.

That form of economy is as old as teh earth.

This will bring about large suffering, for the reason people don't make goods any more. They are produced in such intricate factories/production chains/networks, whose productivity is fully dependent on the ease of monetary transactions. Making a pencil, for example, takes 80 procedures, and nobody masters them all. If you would 10-double the loss in every stage when making the pencil, the pencil would be 10 times more expensive, and our living standard would take a 90% hit.

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March 25, 2013, 07:59:16 PM
 #24

Tax <---> Theft

Taxes are not retroactive. This is criminal.

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vvic
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March 27, 2013, 06:40:06 AM
 #25

Tax <---> Theft

Taxes are not retroactive. This is criminal.
Ha! In California they are
http://www.foxnews.com/politics/2013/03/19/california-businesses-fuming-over-retroactive-120m-tax-grab/
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