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Author Topic: 25% WTF  (Read 2162 times)
Severian
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March 25, 2013, 01:35:23 AM
 #21

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3.
a. A payment in money or other valuables made by one ruler or nation to another in acknowledgment of submission or as the price of protection or security.

Yes sir. That's the one I was thinking of. Otherwise known as plunder averaging.
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March 25, 2013, 01:36:36 AM
 #22

Can I just ask.. is this stealing?

I mean people there avoid taxes all the time, but still depend on their government in some ways. The stupidity of it aside isnt this just a tax, without anything morally wrong with it?

Flawed assumption: that a "tax" is not stealing because it's called a "tax."

While most of this is happening due to the indirect fault of governments, the direct cause is poor investments by private companies.  This situation needed the standard bad bank US treatment by the FDIC but instead they way it was done has totally destabilized everything.








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