Rogue

joined 2 years ago
[–] Rogue@feddit.uk 2 points 3 months ago (5 children)

Imposing a large wealth tax on people’s stocks and bonds would crater the market far worse than the Great Depression. It would trigger bank runs and total chaos.

That's incredibly dramatic and simply unfounded.

Taxing capital gains is fairly standard worldwide. You aren't taxing people for holding investments you tax them on the profit they make from them.

They’d switch to buying tankers full of oil or other hard commodities that they keep off-shore. And they’d use it to hold the country hostage as everyday living costs skyrocket.

All you're describing is loop hole after loop hole all of which can be easily contained. This one in particular is extraordinarily specific and I highly doubt it wouldn't already be covered by rules in a developed country.

[–] Rogue@feddit.uk 1 points 3 months ago (7 children)

Trump now has this fantasy of using tariffs to try to force companies to come back to manufacturing in the US, and he’s destroying the economy to try and achieve it.

The US economy is being destroyed because of the incompetent way that tariffs have been enacted with no notice, no planning and no logic.

A competent government would have announced tariffs years ahead of when they would be implemented and the % would slowly increment to the maximum level. That would actually give companies time to setup manufacturing in the country. And there would be certainty the tariffs were actually going to exist.

With Trump you have no idea if tomorrow tariffs will be 800% or 0%. So what is the point of moving manufacturing to the US, you may as well just bribe him and sit by his side massaging his moronic ego so he does you a favour.

The only way to prevent that is to impose draconian measures such as restricting freedom of movement and capital controls.

Measures do not need to be draconian. When wealthy individuals move away they're typically just defining their primary residence as being elsewhere. They continue to own properties and luxury goods in the country. It would be trivial to impose taxes on those. In many cases the individual will continue to spend most of their time in their original country. Relaxed restrictions on non-domicile status permit this and it could be easily remedied.

[–] Rogue@feddit.uk 4 points 3 months ago (9 children)

Companies and wealthy individuals can leave the country if taxes get too high.

If the company is still doing business with your country then you are still able to tax them. As a loop hole it's so easily remedied. Yet this myth that if we tax corporations or wealthy individuals they'll simply leave and we'll get nothing is absurdly pervasive.

Why not land value taxes?

Prescisely, there are so many options for taxing corporations and yet they're not used.

[–] Rogue@feddit.uk 6 points 3 months ago (11 children)

While it may be true it's absolutely ridiculous to simply accept that. If governments appropriately funded the departments responsible to taxation and acted swiftly to close loopholes then corporations would be unable to avoid taxes so easily.

Unfortunately the reality we live in is governments repeatedly reduce resources of tax agencies and either ignore loop holes or react to them at such a slow pace allowing them to be exploited year after year.

[–] Rogue@feddit.uk 3 points 3 months ago (1 children)

Independent vets are A rarity. The reality is your vets probably is owned by a corporate and you'd just never know

[–] Rogue@feddit.uk 1 points 3 months ago

Setting up a VPN is far far more complex

[–] Rogue@feddit.uk 5 points 3 months ago

I really enjoyed it, but it is a very niche show. It's funny but it's a much slower kind of comedy than you'd get from a typical sitcom.

Also, in my opinion the final scene betrayed everything that set it apart. Therefore cancelling it was probably the right move because the next season would have sucked.

[–] Rogue@feddit.uk 27 points 3 months ago

One of lemmy's biggest gaps has been it's lack of creative writing. It's great to see some of the popular fiction is finally reaching us

[–] Rogue@feddit.uk 6 points 3 months ago

It's kind of insane that they've managed to prove that 15 people used insider information to place bets themselves.

I wonder how many more shared information with family or friends who then placed bets.

[–] Rogue@feddit.uk 3 points 3 months ago (2 children)

It's also worth noting that it wouldn't just be china profiting financially. It would create a dependence on china for an essential material.

Given how rocky International relationships are at present we need to consider how we would manufacture weapons and vehicles should we find ourselves in a major conflict.

If Europe is at war with russia it's unlikely china would willingly provide the steel we need.

[–] Rogue@feddit.uk 12 points 3 months ago (4 children)

What I read elsewhere that made a lot more sense is the Chinese owners, Jingye, intended to turn off the furnaces in a way that it would effectively never be possible to use them again without incurring a lot of time and extraordinary cost.

In doing so Britain would have no choice but to purchase steel from China.

Therefore even if it's going to be expensive for the government to maintain in the long term it will be a better deal for Britain than letting china monopolise an essential material.

[–] Rogue@feddit.uk 10 points 3 months ago (4 children)

I've seen this case mentioned a few times but isn't this standard practice? Don't they always use the threat of the death penalty to encourage people to take a plea deal?

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