What did technology ever do for me?

[muppet]

What financial reforms are you proposing?

[seafoid]

What financial reforms are you proposing?

Tax debt
control money creation
Tax 1% wealth to fund climate change mitigation
Drop the neoliberal system which is BS

what would you do ?

[muppet]

What financial reforms are you proposing?

Tax debt
control money creation
Tax 1% wealth to fund climate change mitigation
Drop the neoliberal system which is BS

what would you do ?

Tax unearned wealth properly. Inheritances above a certain threshold (say the cost of a house in an average part of Dublin) should be taxed at 75%. Tax property price increases for all (and investment property at a higher rate) and income tax at a lower rate.

Reward work, innovation and industry, while penalising unearned income.

[muppet]

"Tax debt"

How would this work? Considering almost all debt comes with interest.

[seafoid]

"Tax debt"

How would this work? Considering almost all debt comes with interest.

Just tax debt issuance. Easy enough.
there is too much of the stuff. Or tax debt in issuance.
Debt is going to have to be restructured anyway.

We have to start looking at alternatives. Cost of say a 20% tax on debt  versus ZIRP and deflation for the next 10 years. 
ZIRP cost versus say 4% interest rates if debt is cut to a reasonable level.

[muppet]

"Tax debt"

How would this work? Considering almost all debt comes with interest.

Just tax debt issuance. Easy enough.
there is too much of the stuff. Or tax debt in issuance.
Debt is going to have to be restructured anyway.

We have to start looking at alternatives. Cost of say a 20% tax on debt  versus ZIRP and deflation for the next 10 years. 
ZIRP cost versus say 4% interest rates if debt is cut to a reasonable level.

Are you taxing Government debt, corporate debt or private debt, or all of them?

[seafoid]

"Tax debt"

How would this work? Considering almost all debt comes with interest.

Just tax debt issuance. Easy enough.
there is too much of the stuff. Or tax debt in issuance.
Debt is going to have to be restructured anyway.

We have to start looking at alternatives. Cost of say a 20% tax on debt  versus ZIRP and deflation for the next 10 years. 
ZIRP cost versus say 4% interest rates if debt is cut to a reasonable level.

Are you taxing Government debt, corporate debt or private debt, or all of them?

All issued debt.
Cos debt is out of control and without a managed pruning a lot of it is going to be worthless.
It would be like a mini crash that makes the equity market safer.
Which we haven't had either BTW

[dec]

"Tax debt"

How would this work? Considering almost all debt comes with interest.

Just tax debt issuance. Easy enough.
there is too much of the stuff. Or tax debt in issuance.
Debt is going to have to be restructured anyway.

We have to start looking at alternatives. Cost of say a 20% tax on debt  versus ZIRP and deflation for the next 10 years. 
ZIRP cost versus say 4% interest rates if debt is cut to a reasonable level.

Are you taxing Government debt, corporate debt or private debt, or all of them?

All issued debt.
Cos debt is out of control and without a managed pruning a lot of it is going to be worthless.
It would be like a mini crash that makes the equity market safer.
Which we haven't had either BTW

So if I have an idea for a business and want to borrow money to get it up and running I need to pay interest to the lender and a tax on top of that?

[seafoid]

"Tax debt"

How would this work? Considering almost all debt comes with interest.

Just tax debt issuance. Easy enough.
there is too much of the stuff. Or tax debt in issuance.
Debt is going to have to be restructured anyway.

We have to start looking at alternatives. Cost of say a 20% tax on debt  versus ZIRP and deflation for the next 10 years. 
ZIRP cost versus say 4% interest rates if debt is cut to a reasonable level.

Are you taxing Government debt, corporate debt or private debt, or all of them?

All issued debt.
Cos debt is out of control and without a managed pruning a lot of it is going to be worthless.
It would be like a mini crash that makes the equity market safer.
Which we haven't had either BTW

So if I have an idea for a business and want to borrow money to get it up and running I need to pay interest to the lender and a tax on top of that?

I'll set up a fund to look at individual cases, Dec.
The 1% own something like 60% of all debt

[dec]

"Tax debt"

How would this work? Considering almost all debt comes with interest.

Just tax debt issuance. Easy enough.
there is too much of the stuff. Or tax debt in issuance.
Debt is going to have to be restructured anyway.

We have to start looking at alternatives. Cost of say a 20% tax on debt  versus ZIRP and deflation for the next 10 years. 
ZIRP cost versus say 4% interest rates if debt is cut to a reasonable level.

Are you taxing Government debt, corporate debt or private debt, or all of them?

All issued debt.
Cos debt is out of control and without a managed pruning a lot of it is going to be worthless.
It would be like a mini crash that makes the equity market safer.
Which we haven't had either BTW

So if I have an idea for a business and want to borrow money to get it up and running I need to pay interest to the lender and a tax on top of that?

I'll set up a fund to look at individual cases, Dec.
The 1% own something like 60% of all debt

So will I need to pay tax on any money I borrow or not?

[muppet]

"Tax debt"

How would this work? Considering almost all debt comes with interest.

Just tax debt issuance. Easy enough.
there is too much of the stuff. Or tax debt in issuance.
Debt is going to have to be restructured anyway.

We have to start looking at alternatives. Cost of say a 20% tax on debt  versus ZIRP and deflation for the next 10 years. 
ZIRP cost versus say 4% interest rates if debt is cut to a reasonable level.

Are you taxing Government debt, corporate debt or private debt, or all of them?

All issued debt.
Cos debt is out of control and without a managed pruning a lot of it is going to be worthless.
It would be like a mini crash that makes the equity market safer.
Which we haven't had either BTW

So if I have an idea for a business and want to borrow money to get it up and running I need to pay interest to the lender and a tax on top of that?

I'll set up a fund to look at individual cases, Dec.
The 1% own something like 60% of all debt

So will I need to pay tax on any money I borrow or not?

Considering that up to now you would get tax relief on any business loan, it would be double taxation by comparison.

[muppet]

Can't embed a video here, but this is cool:

http://www.fastcodesign.com/3036441/how-desks-have-evolved-over-the-past-35-years

[seafoid]

"Tax debt"

How would this work? Considering almost all debt comes with interest.

Just tax debt issuance. Easy enough.
there is too much of the stuff. Or tax debt in issuance.
Debt is going to have to be restructured anyway.

We have to start looking at alternatives. Cost of say a 20% tax on debt  versus ZIRP and deflation for the next 10 years. 
ZIRP cost versus say 4% interest rates if debt is cut to a reasonable level.

Are you taxing Government debt, corporate debt or private debt, or all of them?

All issued debt.
Cos debt is out of control and without a managed pruning a lot of it is going to be worthless.
It would be like a mini crash that makes the equity market safer.
Which we haven't had either BTW

So if I have an idea for a business and want to borrow money to get it up and running I need to pay interest to the lender and a tax on top of that?

I'll set up a fund to look at individual cases, Dec.
The 1% own something like 60% of all debt

So will I need to pay tax on any money I borrow or not?

Considering that up to now you would get tax relief on any business loan, it would be double taxation by comparison.

Debt owners would be taxed. That would mean banks. You could have an opt out for non speculative real economy.
Speculative debt is the real problem.

[muppet]

Debt owners (Banks) would pass on the charge, otherwise they would all be out of business. Is that the objective of a debt tax?

[seafoid]

Debt owners (Banks) would pass on the charge, otherwise they would all be out of business. Is that the objective of a debt tax?

It would stop them issuing new stuff Muppet.
That is what is driving down interest rates