The budget, only a few weeks away, is the main instrument used by a government to signal what type of economic policy it favours. Using the tax system, the cabinet indicates where it would like the country to go and what sort of society it is trying to establish. The taxes that it decides to levy should reveal a government’s true colours and, if it isn’t too much to expect, its vision.
This Government’s motto is “the Republic of Opportunity”.
Supposedly this is our own version of the American Dream. According to this slogan, Ireland is a country where if you get up early in the morning and go out to work, you will be rewarded.
The promise is not that we will all be equal – that’s socialism – but it is a capitalist undertaking whereby those who try will be rewarded. Working people should feel assured that the State is on their side; the more you work, the more you will receive in return.
In contrast, there are those who don’t work for a living but are fortunate enough to depend on inherited wealth for their income or who have large portfolios of assets such as land and stocks, which pay a rent or a dividend. These people should not be indulged at the expense of workers. They are the drones as opposed to the workers.
Given that most people in Ireland are not sitting on land that generates income or do not have a large portfolio of assets, the budget’s biases should be reasonably straightforward.
Most people depend on wages for their income so, as a result, the Republic of Opportunity should be a Republic that taxes wages less than assets. This bias would help create a level playing field where equality of opportunity can flourish.
Of course, a level playing field for opportunity also implies taking meaningful steps towards reducing wealth inequality in the country.
Wealth inequality is very real in our country. The latest figures from the Central Bank reveal that the top 5pc in this country own close to half the entire wealth of the country. Most of this wealth is held in property and land.
Armed with these observations, let’s look at the budgetary figures and see whether the Republic of Opportunity is just a slogan or something real.
How do we tax income and wealth in this country of ours?
Last year, the Government raised €47,664m in total taxes. Of this, a meagre 1pc, or €463m, was raised in property tax.
Therefore, the assets that are most useless – land and property that drive inequality in this country – are taxed least. Are you still hearing the Republic of Opportunity in your ears?
In contrast, the State raised €19,168m in income tax. The Government takes 40 times more tax from wages than it does from wealth. Therefore, despite all the talk, taxes on work and effort dominate taxes on inherited wealth. I say this because most land-based wealth is inherited in Ireland.
Quite apart from the small issue of wealth inequality, the other reason that taxing land is a good idea is that land is useless. Land generates no innovation, no creativity, no enhanced productivity. It is a feudal, pre-industrial-age asset, so taxing it would not hinder the economy in any way. It would simply encourage those who hold land to make it more productive. This means selling it for more productive activity like making it available for houses, rather than hoarding it.
This would drive down the cost of housing and this fall in the cost of housing would also put money back in the pocket of ordinary working people. Now that would be an opportunity.
But here in the Republic of Opportunity, we are taxing hard work over sloth and in so doing driving up the cost of accommodation when we already have a housing crisis. How bizarre is that? Is this a way of levelling the playing field?
This is feudalism. Real capitalists tax useless assets and make work as attractive as possible. A medieval feudal system rewarded land because that was what the squire owned and he in turn raised a tithe from the peasants to pay for his knights. Have we progressed much?
So, what else makes up our tax take in the Republic of Opportunity?
We raise just over €12bn in VAT. VAT is a 23pc tax, levied on most items, which we all pay for. It is levied on everything from furniture, fridges, car parts, detergent, office equipment, bottled water, washing machines… and I could go on but you get the point. It is 23pc on almost everything, bar children’s clothes and food.
Because VAT is levied on almost everything we buy, VAT is regressive. This means whether you are rich or poor, you pay the same rate. This means that countries that lean heavily on VAT as a way of raising revenue, penalise the lower paid and people on average wages and, by extension, we give a subsidy to those who own assets.
The other major tax we raise is excise duty. This is basically fags, booze and petrol and a few other things.
Ireland generates a whopping €5.7bn from this source. This is well over 10 times what we raise from property. Yet again this is a regressive tax as wealthy boozers pay the same as poor boozers. And, of course, as the poor smoke more than the well-off, it’s a hyper regressive tax.
So, taken together, the tax system is telling us something. If you are wealthy and are sitting on lots of assets, particularly land – which is the main form of wealth in this country – the State will barely touch you. If on the other hand, you are working hard and moving up the career ladder and aim to be paid above the average wage, the State will clobber you.
Now think about the Republic of Opportunity. This slogan purports to reward hard work and punish unproductive assets. But how do we square that with a tax system that does precisely the opposite?
Indeed, by overburdening indirect taxes, the State drives up the cost of living here directly and thereby leaves less income in the pocket of the already heavily taxed average worker who is supposed to be seeking opportunity.
Until this country taxes land to the hilt and reduces dramatically taxes on income, it will not be a Republic of Opportunity but an outpost of feudalism.
Feudalism is feudalism; capitalism is capitalism. What sort of system do we want?
You have a hard look at the numbers and decide.
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My response – What a load of utter nonsense !!!! The problem is NOT lack of tax. The problem is too much institutional incompetence, spending and failure. The last thing that we need is to tax anything “to the hilt”. The one thing that the institutional state seeks is “more resources”. In fact, “more resources” is the mantra from the propaganda quango that has it’s own tax, to maintain the millionaires that it feeds. The fact is that the results for this exhortitant system, is insulting to the people. And of course, in such a circumstances, those who are on… Read more »
“Never mind the Bonocks” by the Tax Pistols. One of the most amazing aspects is the manner in which certain, well connected, weatlthy hypocrites “put on the green jersey” and then are given media adulation. In fact it amazes me how the media believes it has an important role in creating “reverence” for the tax exiles. Others that get this reverence include the owners of Independent News Media. Now, I want to know will a wealth tax extend to the Bonocks, and his mates. The problem is that these people can move their wealth, just live they move their tax… Read more »
The real factor in the economy that subsidizes asset prices is ECB monetary policy. Taxation is regressive against asset prices. This is obvious. If there is less money in personal bank accounts, there is less to buy real estate. And that is the purpose of Ireland’s current taxation policy. To grab as much as possible. And that grab is regressive. It is so elementary, I am feeling forced to a point of pain, at having to state it. On the other hand, ECB monetary policy is pro-ponzi-schemist. But….again there is no discussion about this, because the ECB is a bit… Read more »
It is a republic in the same way as Missouri is a republic – one that takes orders from a distant power centre, which happenes to be under seige from lobbyists.
Of course, there will be an exemption for firms in the IFSC, whilst somebody living on a hill in Donegal, will be jailed for months, for not contributing to yet another levy, so that the institutional state can waste more money, looking after Noreen, the state propaganda organ, the well connected, and all of that. This proposal is NOT the route to equality. And it is NOT the route to opportunity. It is the route to yet more statist mania, and expansion. The institutional state needs to be scaled back. It’s commitments need to be decreased dramatically. And laws will… Read more »
The institutional state has been at war with the people, since the Treaty of Massatricht mandated the institutional state to go back into garrison mode.
We had an imperial mode before. And it left us broke. And that was not as pervasive as the current hard sell.
And there was no media selling that imperial mode, every day, on a persistent basis, in the 1800s.
Another tax ?
No. How about less taxes ? How about more empowerment for the people, and less control from the institutional state, and it’s largesse fed advocates ?
[ Ireland generates a whopping €5.7bn from this source. This is well over 10 times what we raise from property. Yet again this is a regressive tax as wealthy boozers pay the same as poor boozers. And, of course, as the poor smoke more than the well-off, it’s a hyper regressive tax. ] Smoking is a choice. And so is boozing. If one opts out, one is not taxed, via these taxes. Of course, that mindset is dangerous to the dominant brewer on the island. So let’s not increase taxes that eat into the revenue of the dominant brewer on… Read more »
Sorry Deco, but I have to agree with most of what David states. Tax assets to the hilt and then drop the rates of others such as VAT to 10%, DIRT to 20%. After Jane and Joe public have paid Income Tax on their wages and salaries they’re fleeced once more by regressive rates of Indirect taxation. Ireland is definitely NOT a low tax country and anyone who suggests otherwise is away with the fairies. I do agree with you on one point though, Deco and that is that we have complete and utter clowns running the country. That includes… Read more »
DAVID -> WHY DO WE NEED MORE HOUSES THAN BEFORE? -> WHY IS THE POPULATION GROWING? -> WHY HAVE WE TURNED INTO A NATION OF LANDLORDS? . . THE MOUNTAIN OF NATIONAL DEBT -> CAN NOT BE PAID -> IT IS ILLEGITIMATE AND SHOULD IT BE REPUDIATED => AS EAMONN SAID -> https://www.youtube.com/watch?v=7ChPHlfdemE . . . THE IRISH POLITICANS HAVE A SOLUTION -> PROPERTY PORN . . . WE PROSTITUTE OUR NATION -> BY BUILDING MORE HOUSES -> AND INCREASING POPULATIONS => TO LIVE IN THESE HOUSES . . -> IMPORT PEOPLE FROM MORE DESPERATE COUNTRIES -> TO UNDERCUT THE… Read more »
The real result of the policy advocated, will be to tax assets owned by Irish people and presumably give exemptions to multinationals, and the IFSC. On top of the taxes that already exist. With the proceeds going to those that garrison the territory and it’s inhabitants for the nEU empire, amongst others. Basically, full Stockholm syndrome. Real Estate assets are taxed on their income. And the income that was used to pay for them, was taxed heavily too. And that tax is much higher than what Apple, Microsoft, et al pay. Those that do not generate an income do not… Read more »
Hi David, I am writing this article cognisant of the wrap you gave me (rightly so in retrospect) across the knuckles for being too aggressive and insulting so I had to catch myself from shooting my mouth off. So; politely, there is a massive faux pas in here. When you say land you didnt’ differentiate between farm land and development land. Land isn’t useless or useful. The fuckers controlling it are. You must tax hedge funds off the the fucking planet say 80% CGT for hoarded development land in a use it or lose it situation. Farm land generates massive… Read more »
If I were a smart newspaper proprietor, I would place : on 1st day of issue ; DMW’s Article side-by-side-with Deco’s “Response Article”* on 2nd day of issue ; DMW’s Article side-by-side-with Grezegorz’s “Response Article”* on 3rd day of issue ; DMW’s Article side-by-side-with Tony Brogan’s “Response Article”* ; With hope that Tonys argument about DMW’s Article would mainly be in context of “Sound Money” / “actual Gold, & Silver too” on 4th day of issue ; DMW’s Article side-by-side-with Sideshow Bob’s “Response Article”* Sideshow Bob has specialist knowledge of architecture + laws ; And, his heart is very well… Read more »
Evening all. Nice article David Makes sense, I understand you not outlining the difference between land & agri land as it would be taken as a given in reading the article. But it doesn’t matter as Government has no interest in Governing .i.e being progressive , trying new ideas, having a plan for us taxpayers & electorate. They have no plans for the very young or the elderly . You see nothing matters to these people and , your wrong … they do NOT care for the homeless , sick , poor, working poor . Care would imply emotion,,, emotion… Read more »
Carl Klang – Hang Em High https://www.youtube.com/watch?v=M0nc0PS3_vg Economists should be taxed out of existence. They are non productive and a danger to society. Show me one unit of productive use emanating from the mouth or pen of an economist. I never have read such a pile of rubbish as postulated in this article. Propagating class consciousness and discrimination does not lead to equal opportunity. Government was never the solution to anything. Reduce taxes all round, reduce regulation and statute law. Rely on common law and free the people to act in their own self interest. Remove entitlement as it is… Read more »
Since when is land used for agricultural purposes not a productive asset? The most essential productive asset that exists.
Singapore and Dubai, both ‘crossroads of the world’ (as is Ireland !) have vibrant economies as far as I can see, yet Ireland is blighted with the ‘whingers’ and ‘entitled’, this combined with local/national government that is doing it’s best to kill the economy (Apple Athenry v’s Apple Denmark as a prime example !). As some of our great writers have said, the best leave Ireland because they see the same mistakes being repeated over and over ‘Groundhog day style’. I’m proud to be Irish, but I’m not blind to all the SH1TE that goes on to stifle talent. Regulations,… Read more »
Did you know that in Ireland, a business can’t buy the premises in which it is based. In the UK, it can. Been through this bullshit, had to get permission from the landlord to sublet and then move out, find a tenant before being able to borrow . Won’t tell you who the tenant was, but big in the news at present – could not get an operating licence for a specialist function here and had to move it to the UK – how could he be normal when there were political roadblocks like that put in his way. Don’t… Read more »
@rr6, adam, deco, Lads if I had a baseball bat and got the 3 of ye into a room I’d smack some fucking sense into ye with it. In the late 1800’s in ireland 3500 people owned 95% of the land. Remember the famine? 1m let starve and 1m let emigrate even though Ireland was exporting food at the same time. Farm land is the most important land asset and the hedge funds know it. That’s why they want it so badly. No futures market for the asset AND they have the population by the balls cause the rent will… Read more »
I had a choice of writing some comments to Mr McWilliams’ article or watching the special one hour-long edition of the main news on the Polish TV, live from Germany, with correspondents in headquarters of the main parties, and l i v e translations of Mr Schulz’s and Mrs Merkel speeches as well as studio discussions by the Polish analytics (I wonder why the RTE, with a bigger budget, is unable to do such things, having chosen to air the Daniel and Majella’s B&B Road Trip, which is an interesting as watching the grass grow and as educational as a… Read more »
INTERESTING … INTERESTING … INTERESTING
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I just skimmed through this article on the man more famous for the principle propounded by him & it since named after him ;
Pareto
FOOD FOR THOUGHT
Look at what the article says about Mussolini in the early years
It is contrary to what some above interpret as the essence of Mussolini.
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https://en.wikipedia.org/wiki/Vilfredo_Pareto
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Of course, Miles Mathis will recurrently have musings & revelations to render on Pareto ;
And, he does so most recently with his paper on Mussolini given as link in my reply to Deco above.
Department of Social Welfare’s THE DEVIOUS CONSTRUCT BEHIND UNNATURALLY HIGH PRICES FOR : HOME PURCHASES HOME RENTS … & BY IMPLICATION … COMMERCIAL RENTS . . vis. . . . RENT ALLOWANCE . . . AND, I AM NOTED CRITIC OF THE CONSTRUCT OF RENT ALLOWANCE AS ESSENTIALLY SEDITION AGAINST IRISH STATE ; . I having regularly written to the Government over decades as to the devious construct of Rent Allowance being devised to make Landlords privy to prospective tenants, & existing tenants, being candidates for Rent Allowance, & thereby facilitating P-R-O-F-I-T-E-E-R-I-N-G . And, Profiteering in that sphere & level… Read more »
SHOCKINGLY LOW AMOUNT OF MILLIONAIRES IN Irish State . . https://www.irishtimes.com/business/media-and-marketing/ireland-is-home-to-850-millionaires-says-revenue-1.3232045 . . AND, TO THINK THAT I A LONG-TIME VICTIMIZED “HOMELESS”, & “HOMELESS + ROOFLESS” EXTREMELY POOR INDIGENOUS IRISH CITIZEN IS ENTTITLED BY LAW TO MANY MILLIONS OF EURO AS DIRECT HEIR TO INHERITANCE, YET I AM IN PROCESS OF BEING CHEATED BY CONSPIRACY INVOLVING : . Irish State’s Court Service, incl. Solicitor[s] [ de-facto “Officers of the Court” ] . Other Direct Heirs . Family Member who is : NOT Next of Kin self-professed Military Republican with mentioning of action in North East of Ireland public protester on… Read more »
“Therefore, the assets that are most useless – land and property that drive inequality in this country – are taxed least.”
There is land and there is property
Exclude Sole Domicile’s from this and I could be persuaded
Particularly in relation to a Windfall Tax on Property
And 90% tax on any income earned over 1,000,000 per annum
But as it stands your piece makes me puke
There is always someone trying to tax my house as if its a performing asset
It isn’t
Its my home
Leave it alone please
The AfD vote is making me think of the PSF contingent in the Dail. Because there are things that even AfD will not do. . Were any of the Parlaimentarians were making bombs to murder people ? Were any of their Parlaimentarians making excuses for fuel smugglers ? Have PSF yet apologised for the ethnic cleansing that occurred in the border areas ? The Irish media are now giving a complete free pass to a political party whose ideology was based on the persecution and murder of Protestants, not that long ago. And which includes a substantial mermbership that still… Read more »
A Couple of Points: Wealth Inequality – DMcW – you portray this as a bad thing, but the corollary is Wealth Equality – is that where everyone has the same wealth and there are no Wealth Layers ? If so, who provides the investment and Venture Capital and establishes ventures and hires workers ? Isn’t that the communist dream? “…we are taxing hard work over sloth and in so doing driving up the cost of accommodation ” – how is that ? If you are reducing the amount of nett cash the consumer has in his/her pocket, how is this… Read more »
Speaking as a person in abject poverty for most of my life & having to withstand incredible corruption by private persons & companies & some of the most significant main professions & the Civil Service & Quangos & Charities & Politicians & the Catholic Church [ as traitor to me a Catholic & not because I not a Catholic ] inter alia, & during that time variously “homeless” & “homeless + roofless”, I state ; . OTHER THAN FAIRLY CHARGING FOR CONSUMPTION SERVICES, THERE SHOULD BE NO TAX ON PROPERTY . NO Property Tax ! . . However, every Citizen… Read more »
I agree largely with Deco and CorkRob. There should be no new taxes and any money taken in is wasted. My heart must be hardening as I get older but I don’t see a housing emergency. Why are these people on the streets? An owner occupier has already paid enough in taxes on his property without more. If you are thrifty all your life and buy a house and build up savings and you are not entitled to a pension the means test for the other, less well paying pension, are brutal. You may as well have no savings. It… Read more »
The British Nazi “Daily Mirror” newspaper has just called the German mass murderer Hans Frank a “Polish mass murderer”. After the intervention of the Auschwitz Museum, they removed the “Polish” lie – but they refused to put the correct “German mass murder”. I, therefore, call “The Daily MiSSor” the Nazi newspaper, complicit in the Holocaust denial. I hope that its editors will be treated accordingly by the British police.Failure to do so would prompt me to think that the British police has pro-Nazi sympathies.
http://thenews.pl/1/11/Artykul/327379,Britains-Daily-Mirror-calls-Nazi-war-criminal-Polish-mass-murderer
This is not the first and will not be last time we are governed by the incompetent and the self serving and all advised by economists!!!!!!!. Kakistocracy From Wikipedia, the free encyclopedia Look up kakistocracy in Wiktionary, the free dictionary. A kakistocracy (English pronunciation: /kæk?s?t?k??si/) is a system of government which is run by the worst, least qualified, or most unscrupulous citizens.[1][2] The word was coined as early as the 17th century.[3] It was also used by English author Thomas Love Peacock in 1829, but gained significant usage in the 21st century. History[edit] The earliest usage of the word dates… Read more »
Just as the PTB ordained. Liberals attack the conservatives. Anti Trump style politics emerge in Germany
https://needtoknow.news/2017/09/germany-protesters-enraged-right-wing-party-afd-won-seats-parliament/
Irresponsible rhetoric by “Meathead”. Where is archie Bunker when we need him?
https://needtoknow.news/2017/09/liberal-actor-director-rob-reiner-joijned-neoconservatives-call-war-russia/
Authored by Jim Quinn via The Burning Platform blog, Do you ever hear something so startlingly mind numbingly ridiculous you realize it must be a sign things have gotten so fucked up something has got to give? As I was driving to work yesterday morning on the Schuylkill Expressway a commercial comes on the radio from a plastic surgeon advertising for anyone looking for a better set of boobs. I had never heard a plastic surgeon commercial before, so I thought that was unusual. But, that wasn’t the best part. This plastic surgeon was offering no money down 18 month… Read more »
BAIL-IN OF BANK a/c’s HAPPENING TO IRISH POPULACE SOON
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AND, ANY DISSENT WILL BE SHORT-LIVED
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BECAUSE … BECAUSE … BECAUSE
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HERE HAVE A LOOK AT WHAT SO-CALLED “REAL” REPUBLIC OF IRELAND IS DOING COVERTLY UPON STUPID + COWARDLY IRISH POPULACE’s CAPITULATION TO ;
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Dept. of Social Welfare’s SS Photo ID Card + associated SS Databases
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THANK U HENRY MAKOW
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https://twitter.com/HenryMakow/status/912267231664463872
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WELL, SAME BUT DIFFERENT.
THIS EXAMPLE IS FROM CHINA.
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=325
This scheme – should China effectively carry through on its intentions – is quite revolutionary and likely to have vast consequences which will affect the whole world.
By Greg Hunter’s USAWatchdog.com (Early Sunday Release) Trader/analyst Gregory Mannarino says Fed Head Janet Yellen “lied” when she spoke last week about the “mystery” of not hitting the Fed’s inflation targets. Mannarino explains, “It’s no mystery. You have to choke or laugh or barf when you hear her say something like that, and no one checks her on that. It’s an absolute lie, an incredible lie . . . the economy is dead in the water. It’s Economics 101. That’s why she can’t create inflation. It’s no mystery. The cash isn’t moving. The cash is not moving because the economy… Read more »
MEANWHILE
-> ON THE IGNORED NEWS FRONT
=> MORE VACCINE AUTISM LINKS
https://www.ncbi.nlm.nih.gov/pubmed/28923356
@ Tony Brogan, Ref. … again . Tony Brogan September 24, 2017 at 7:46 pm “Economists should be taxed out of existence. They are non productive and a danger to society. Show me one unit of productive use emanating from the mouth or pen of an economist.” . U CONTRADICT URSELF. . Most of ur posts — certainly most of ur post on Economics — consist of a few lines of introduction, & / or a few lines of summing up, of what is in the main either a full bulletin statement or extract from a longer statement of some… Read more »
http://m.independent.ie/business/farming/agri-business/property/farmers-slam-david-mcwilliams-land-tax-proposal-as-populist-nonsense-36165385.html
I think the farmers also got the wrong end of the stick when it came to David’s article.
I’m sure he wasn’t referring to agricultural use, forestry etc. in terms of non-productive land.
Ciaran Moran, or his editor at the Irish Independent should have checked with David before printing the farmers’ outrage.
The main learning point in economics here, is bsaed on THE ULTIMATE IRONY !!!!!! Property is no longer the primary source of passive income. State largesse is surpassing it out. And in order to sustain that largesse, property must be taxed to the hilt. I think the article indicates that we have reached the point of SYMBIOSIS. The Institutional State is now too large, and extortionate for the host upon which it lives. It is only sustainable in the short term, when there is a bubble somewhere propping it up. That Bubble can be the Nasdaq. Or the Eurozone under… Read more »
The state, in it’s wisdom (no sniggering down the back) has decided that we all MUST have energy smart meters. It is like as if the people must be controlled. But waste in the state itself is deemed to be morally justifiable. The ultimate irony here, is that with the most expensive electricity prices in Europe, people are alreayd away of the cost of electricity, and are trying to reduce it. In some cases, choosing some very carbon polluting options to reduce it. This is, once again, a mandate to waste the people’s money, on a task that amounts to… Read more »
The number one reason why there is a problem in housing supply, is the 4 Dublin local authorties, which are deliberately making the problem. The primary objective is not to enable the housing market to function, but to make the housing market serve their needs – by ensuring that there is a shortage, and people are then turning to the local authority for help.
They are the source of the problem.
Dublin has the same footprint as Berlin, and 1/3 the population. And less even less parkland than Berlin.
Dublin – HOW NOT TO PLAN A CITY.
@ Deco,
Especially for u ;
Because I have long noted ur keen interest & constantly developing knowledge of solutions for housing, & more.
https://www.youtube.com/watch?v=xSDsH6mwHqE
http://www.dailymail.co.uk/news/article-4696276/The-100-000-flat-packed-house-unfolds-10-minutes.html
Great post David. Hopefully someone in authority is listening to you!
The entire premise upon which state policy and administration has been a lie for 25 years. And that lie is that by running a system that is inefficient, unaccountable, consensus driven (at the behest of defined vested interests), and obedient, is a recipe for success. Actually, it is a recipe for considerable failure, ineptitude, debt accumulation, and failure. And the media, has repeatedly, told the people that the problem is insufficient statism. And they have sold this on the basis of a dishonest morality. Actually, this is the inverse of the truth. Establishment Ireland, has proven itself capable as a… Read more »
I propose a Republic of Responsibility !!!
People can make their own opportunities. By hard work, not by welfare. And definitely not when there are oligoplies, rampant disinformation, and a set of social mores reinforced by the media, which demand an obedient, underperforming, gullibel populace.
Part of the way to monetising silver coin is to have no printed value on the coin but to allow the value to freely float. Such is already the legal tender coin , the Mexican libertad.
“While most world bullion coins have a nominal currency value the silver Mexican Libertad does not carry a stated face value. Rather, the legal-tender coins have a floating value that is quoted on a daily basis by the Banco de Mexico and is based on the coin’s silver spot market value.”
http://coinweek.com/coins/coin-profiles/mexico-2017-silver-libertad/
Meanwhile the Mexican congress debates
http://www.zerohedge.com/news/2017-09-15/mexican-congress-debates-monetization-libertad-silver-ounce
http://www.thedailybell.com/news-analysis/who-cares-headline-debates-are-wasting-your-time/ “”But the big headlines, the “news” that is shoved down our throats doesn’t actually have to do with real life. It is all distraction. The news is just full of memes meant to elicit an emotional response and corral our behavior into one of a few pre-determined pens. The point is, most of the things happening in politics and the media are basically theater. It is a soap opera or a reality tv show. What isn’t outright fake is highly stylized and organized into a performance. It is meant to distract, to keep you preoccupied. Instead of identifying and… Read more »
SOMETIMES “FIXED” / SOMETIMES “FLUID” . Ref. Brief Research on Internet . . 1. Property . Normally, a piece of property can be easily classified as either personal property or real property. . The difference between the two is usually fairly straightforward. . ///////////////////////////////////// . 1.1 Fixed Property / Real Property / Immovable Property Immovable property is an immovable object; An item of property that cannot be moved without destroying it or altering it Essentially, Land, & Fixed Buildings Property that is fixed to the earth e.g. land factory shop house. . ////////////////////////////// . 2 Movable Property / Personal Property… Read more »
Trump unveils his tax plans. Macron unveils his tax plans. Boris Johnson also has tax plans. Leo Varadkhar has rugger plans. Madness !!!! We have the idiot who presided over the Noreen O’Sullivan debacle, and an entire series of Garda sagas, in charge of the Department pf Enterprise. Her response was completely inadequate. It was highly superficial. And completely inadequate. She responded to every crisis with a PR offensive. And fixed absolutely NOTHING. I presume that Fitzgerald, will respond with an appropriately phrased PR statement, as we sink again. The people who are supporting the failing institutional state can NOT… Read more »