Comments by "romanmir01" (@romanmir01) on "Tax The Rich or Cut Food Stamps?" video.

  1. It's theft, do you know that term? "return OF investment"? WTF is that? There is a return ON investment, and it's a return that the investor gets by risking his money, his savings when he finances something, be it a business transaction or a new production facility or a tool, or purchase of land or whatever. You clearly don't understand what 'return on investment' is and how it's different from somebody stealing money from an investor.
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  2. Over 46 MILLION on foodstamps. The gov't runs commercials to advertise how easy it is to get food stamps. The stigma of being on assistance is removed by not giving out the stamps, but instead by giving out benefit credit cards. This is corruption - advertising that people should get food stamps, this is about breeding the culture of dependency on gov't in exchange for votes. This is as immoral as it gets. Stealing from some people to buy votes with that very money from others. Corruption.
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  3. Dollars are not money, it's a failing proposition as all fiat currencies are. Dollars lost 99% of value since the Fed was set up. An ounce of gold was 19USD at the time, today it's almost 1600 Money is store of value, unit of account, and means of exchange. You are not in a position to tell me what I am 'supposed' to do, I do what I believe is the best thing under the circumstances that the market is in Money must be saved before it can be invested and fake money is not an investment
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  4. Seems you need some intelligence and economic knowledge stamps, because you believe that it is a moral, a Constitutional and a sound economic policy to have gov't steal from some people and subsidise others. Over 46 MILLION people in USA are on these food stamps, that's over 15% of population that are subsidised by those, who actually produce. Gov't has no authority to steal from some and buy votes from others this way.
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  5. Valuations are fake, just like valuations of those houses were fake. The economic meltdown is about lack of production and lack of production is about lack of sound money, lack of freedoms to do business, and lack of freedoms to do business is about gov't stealing freedoms from individuals. Individuals must be set free, their property shouldn't be stolen by gov't, there can be no income taxes, no business regulations, no fake money and fake credit from gov't.
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  6. Progressive tax is simply a way to steal from those, who produce and buy votes of those, who don't produce. All income taxes are theft, all corporate taxes are theft, these are taxes upon production and they exist to redistribute somebody's work, which is immoral, because it subjugates work (which means time and effort, which means life) of some people to some other people, and the criteria of who is subjugated and who is subsidised is based on ability of politicians to get and to stay in power.
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  7. After the first 2 kids the fucking broad could have STOPPED having kids, she could have figured it out, it's not that fucking hard.
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  8. Yeah, if you are a bank that gets money for free from the Fed or if you use the counterfeiting press of the fractional reserve, which is what gov't moral hazard of fake insurance (like FDIC) allows for, then yes, that 'money' is fake. Real money is the difference between what is produced and what is consumed, real money is that delta, we call it savings. Speculators do not destroy wealth at all, they discover prices of wealth, the amount of wealth doesn't change because of speculation.
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  9. And I am telling you, fiat currency is fake money - money that is legislated. It is something that is made 'money' by decree of gov't. You should definitely educate yourself, you sound really really stupid.
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  10. Taxes on the rich are already near 50%. With federal taxes at 35, state taxes varying, but say 6%, Medicare at 2.9, that's 44%. And that's just straightforward taxes, not including all kinds of other taxes people pay, like payroll or property and other types, like the death tax. This is total nonsense that taxes are low, it's total nonsense that this is anywhere near fair. Income taxes shouldn't even exist, none of the taxes mentioned in my comment should exist.
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  11. Fiat money is created by decree of gov't, without gov't saying: this piece of paper is legal tender, and you can't compete with it. Gov't does it by making it illegal to use gold as money for example with 'capital gains' taxes, which are in reality taxes on top of inflation that drives dollar price of gold up, but doesn't change the value of gold in the market relative to other goods. Fed creates fake credit based on nothing, gives it to banks at 0 interest, so it's counterfeit money.
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  12. Income taxes are immoral, they tax productivity of a person, they tax work. Not consumption - work. Ability to live, to survive, to save, to invest is diminished by gov't stealing income. Even worse - some people's income are taxed so that other people can be subsidised, and it's all done by gov't, and this is completely immoral and must be illegal and it was before the system became so corrupt to allow this abomination. Stealing from productive people to buy votes from unproductive = immoral.
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  13. Nonsense, speculators only discover the prices relative to all other factors, that's why gov't is terrible at running economies - it cannot set prices correctly, it opposes market setting prices, and this is displayed in everything: from interest rates to housing prices to loan guarantees and income taxes and regulations, everything. Speculation doesn't destroy anything, it only discovers the relative value of EXISTING wealth, by doing it, it creates efficiencies needed to create more wealth.
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  14. Government ADVERTISES FOOD STAMPS as a way to live a 'more comfortable life'. watch?v=CNzIc8oZM4c
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  15. which part didn't happen? Citation, or your comment is nonsense.
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  16. And it is funny how much you assume you know and yet you are wrong about. Plenty of people pay almost 50% in personal taxes, but before they even pay that, they create the business, create products, services, create tax paying jobs. They do more than their fair share before they are forced to give up 1 cent in personal income taxes.
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  17. Death tax destroys productivity. 1. People don't hold money in cash, in most cases they have to liquidate various income producing assets to pay this. 2. People do everything they can to avoid paying these taxes, so they spend energy and productivity looking for ways to avoid taxation rather than looking for ways to run their business more efficiently. 3. It's an immoral tax, that money was already taxed and the person earning the money must be able to leave it to whoever he wishes, not gov't
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  18. 1. So I would gladly buy the ounce of gold for 1400 from you, no problem, are you selling? 2. You can spend dollars, it's not a question, I spend gold as well, I even have a gold backed credit card. 3. Fiat means by gov't decree. Last time gov't set price of gold was in 1971, since then gold never looked back. 4. WTF are you talking about? Inflation destroys the value of all money in existence, you can't get more VALUE per dollar by getting more dollars. What a nonsense comment.
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  19. Ha ha ha, minimum wage is part of the reason that jobs leave and there are more and more unemployed people.
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  20. Yes, the act of printing of fiat currency is inflation itself. Yes, betting on future contracts is part of speculation. No, buying today to sell tomorrow is not an investment, it is still a speculative bet that you'll be able to make more than you have just put in. NOT ALL speculation happens through future contracts, options. Day traders for example are speculators too. People who buy products in one country and bring them to another country to sell are also speculators.
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  21. Affordable contraception is sold in every store in America. Obama doesn't 'fight' for affordable contraception, he is fighting for his next term, dumb bimbo.
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  22. Fiat currency issued by gov't is fake money, it's not related to any factors of production. Real money can be either gold or a similar commodity or it can be issued by a company that produces something, so it can be a bond that relates to the value of the company. Fiat currency is literally something that is forced upon the population by decree of a gov't. Fiat currency is made 'legal tender' by a gov't law, not by the market, not by economics, by politics.
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  23. Well, you are really unintelligent, the spot price for gold is 1589.40 now, so you'd be gifting me almost 200 bucks on that silly transaction. Why? Gold is money, paper is fiat currency. EVERY fiat currency has disappeared from the face of this planet over time, gold stays money for thousands of years. $1 worth of goods today is much fewer goods than it was 1 year ago. $1 worth of goods today buys you what 1 CENT bought 100 years ago.
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  24. Lastly: there is no production behind the asset purchase. When gov't (or banks with fractional reserve) create fake credit, this credit is not coming out of production, this is purely counterfeit money, there were no savings used to make these loans. This only creates inflation, and people who understand this hide their money from inflation by buying assets or real money.
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  25. Why am I from Switzerland? It's where I stay, because it's a much freer country, freer from federal gov't. As to 'old guy', what are you, my doctor? Go get some food stamps, what are you doing on the interwebs, wasting your time?
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  26. Speculators discover what the prices are, there are speculators on both sides of every transaction, some are betting that the prices should be higher and some are betting that prices should be lower. The MORE people speculate, the more correct prices are discovered, it's the 'wisdom of crowds' at work. Speculators actually hold prices much lower than what prices for wealth would be if there were no speculators. Long term investing is very profitable when there are no speculators.
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  27. Fiat currency is currency created by decree, not real money, maybe you need to educate yourself first, before getting in debates.
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  28. So to bid prices up it may take a higher real demand OR it may take more fake money in the system. In EITHER case speculators only discover the true levels of prices. If there is more money in the system the speculators will correctly assign higher dollar valuations to assets. WHICH assets will be bid up is also a function of gov't, that's what fake gov't guarantees and various regulations are all about Guaranteeing mortgages bids up house prices Guaranteeing tuition loans bids up tuition
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  29. "You are insane" - if that's your argument, then why do you bother replying? Speculation is about multiple people betting on what prices for something should be (now and in the future), it's all it is, it doesn't change the amount of those goods in the economy, but it allows people NOT to overpay and NOT to get less than they should on a transaction, which means that the efficiencies are higher than they would be otherwise. Get rid of speculation and prices skyrocket and there'll be shortages
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  30. Every politician loves to blame speculators for rising prices and never mentions speculators when prices go down. The speculators only discover prices, they discover the most efficient prices, the most correct market prices for goods and services at any moment in time and everybody should be in this business of speculation, if everybody participated, the prices would be much closer to what should be exactly at every moment of every day.
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  31. Because if every bank or even every company issued their own currency I wouldn't be forced to use any of it but I could make a rational choice. As to inflation - my money is gold (and silver) and I try to have as little fiat as possible, specifically because gold supply cannot be inflated by the gov't. Fed counterfeits credit and provides it at 0% interest to the member banks, who then buy Treasuries and finance gov't with counterfeit money, bidding prices in dollars for everything up.
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  32. Inflation of asset bubbles happens when there is fake money in the system, so there is more money than there is production, which means that people will bid prices up. An auction where every participant has no more than 100 dollars in a pocket will not produce prices above 100 dollars. An auction where some people have 1000 dollars in their pockets may produce prices up to 1000 dollars People with more cash in hands will bid prices up, and gov't and banks giving out fake credit bids prices up
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  33. Federal reserve bank creates fake credit, which is backed by nothing. The fractional reserve system allows banks to allocate non-existing credit, again it's counterfeit. 100 actual dollars in a bank cannot be loaned as 10,000 unless it's fake money, gold cannot be loaned 100 times over, because it actually has to change hands to be loaned out, so fractional reserve allows leverage that is just a bet that 100 can become 10,000 and can be paid. This is a pyramid based on counterfeiting.
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  34. Speculation was a crime back in the USSR by the way, as well as capitalism (private ownership of production), which is why it was an underground economy, which is why people couldn't buy anything in the gov't stores, but they could get what they needed in the underground 'black' markets. That was the reason we couldn't buy a car (if you can call Lada a car) from a factory, but we could buy it underground at about 3-4 times the official price.
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  35. Taxes are at historical HIGH in USA, the corporate taxes are highest in the world, the GDP is a complete fake, and over half of it is comprised of consuming foreign goods (54billion USD per month trade deficits shows), so measuring taxes against GDP is ridiculous, because GDP is so fake. Nobody can deduct anything unlike 30 years ago, when people could deduct almost anything they bought.
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  36. Depends on who it is, if you look at Warren Buffet, then certainly. If you look at most of the people who are making over 250K and under say 15Million per year, then a huge number of them pay themselves a salary, taxes and move their money out of US assets, because USA is on a cusp of a total economic meltdown created by the gov't. As I said: all income taxes are immoral in the first place and shouldn't exist, but they are also a terrible economic idea.
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  37. Corporate tax rates in USA are highest in the world, USA taxes foreign income, which is probably done by only 2 countries in the world When compared against the GDP, taxes are highest in USA today, because there are the least amount of deductions, while GDP has been falling for 40 years now, any increase in GDP is complete nonsense thanks to inflation that started when Nixon defaulted on the dollar and because half of GDP is consumption (foreign made goods) GDP has nothing to do with produciton
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  38. Treasury doesn't print money, what kind of a stupid comment is that? Treasury prints bonds and bills and thus finances gov't with debt. At the same time the Federal reserve creates fake credit, gives it to banks at 0% and banks buy the Treasury debt with this fake money. Gov't takes the fake money from these Treasury purchases and spends it however (war, welfare, etc.), and this money enters the economy and creates inflation. This money is used to buy foreign goods, thus exporting inflation.
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  39. SNAP -previously known as FOOD STAMPS, but now in a convenient form factor of a VISA card. Everybody get your SNAP, because it's cool and easy to get and you can use it for any type of food and not only food. Everybody get your SNAP and vote for those who give it to you. An easy and convenient way to get your bread. Your circuses is already on TV.
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  40. Charity must be left alone to individuals, and those who get charity must know those who give them charity by name. What exists today is an entitlement program, people are advertised to, they believe they have the right to take from others, not a charity, a right. That's completely immoral. watch?v=CNzIc8oZM4c
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  41. 6 kids are on their mother's conscience, not anybody else. She is fucking she is paying for it, everybody knows that their kids is their problem.
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  42. If there were no speculators, then companies that produce anything would collect it (or long term investors would collect it) and when somebody actually needed to buy this stuff for actual use, they wouldn't know what to pay and what not to pay, it would be a much bigger gamble than what happens when there are speculators. Without speculators the prices would be much higher. You can moan about outlawing whatever you want, but all you do with laws is create shortages and underground economies
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  43. SNAP is very popular fns.usda.gov/pd/29snapcurrpp.htm Total number of people getting this welfare food assistance for April 2012: 46,187,429 So no fraud, ha? Over 46 MILLION PEOPLE are on this.
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  44. What do you mean "why" there should be competition to dollars? Because the gov't makes it illegal for people to use their own money, and because this is done in order to prevent people from saving in legitimate money, because by imposing fiat the gov't gives itself the ability to counterfeit money. Because counterfeit money is contrary to a healthy long term economy. Because I want a healthy economy in the long term.
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  45. 1. Straw man. Not all loans by commercial banks are legislated and this piece of non sequitur has nothing to do with the point I am making. 2. Fiat money is created by decree of gov't. You are talking about CREDIT, not PRINTING of cash. And yes, when the fiat is decreed to be money, then the credit that is created is created in fiat. 3. Fractional reserve banking is NOT real credit, it's fake credit, there are no assets behind it.
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  46. What are the qualifications for SNAP? The Internet search does not show any income qualifications. You have to bring your bank statement and it has to have less than 2000 dollars in it to qualify. No fraud? Who checks? I bet out of 46 MILLION people who get this, 43 Million shouldn't be getting it. It's a huge bread and circuses for votes fraud. Hell, apparently you can OWN a house and a car and still qualify. fns.usda.gov/snap/applicant_recipients/eligibility.htm Everybody get your SNAP
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  47. Yes, I understand speculation, and it's not just the future contracts, that's part of speculation, it's what you are betting the price is right now as well, when you buy that stock (unless you are buying for the long term). The bubble is fake overvaluing, sure sure, but it's not done by speculators, speculators only discover the prices, the bubble is inflated by the gov't and banks creating fake money to gamble with, which increases the money supply that chases the same amount of goods.
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  48. So are you on food stamps or not? It seems that you are, answer the question. Also if you think that something needs to be done, then you have to do something about it, you waste of space.
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  49. Your ignorance is very simple, 1. you don't know what fiat money means (it's money that is declared to be money by gov't decree) 2. you don't know that fractional reserve banking is simply counterfeiting - giving credit with non-existent savings, and it's promoted by the fake gov't "insurance" FDIC moral hazard. 3. Your attempts at switching the discussion to personalities shows great deal about your inability to have a fact based argument, it's a testament to the terrible public 'education'
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  50. Stealing from people is immoral and advertising about theft to those who may benefit from is even more immoral. Allowing people to use this not as charity, but as entitlement, making sure that there is no stigma attached to is immoral, it's exactly how culture of dependency and purchasing of the votes looks like. Now tell me, are you a proud SNAP beneficiary? You sound like one.
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