It's time for the governments of the world to get together and reduce the cost of the financial system to all governments
Increase taxes for high earners across the globe....Regulate the financial industry so that our lives, economies and governments are not damaged whilst the financial industry goes on in it's search for easy profits.
If this is the alternative to governments being shut down and austerity which is destroying lives for many who may have already been disadvantaged before the austerity measures were put in place, and causing many more to lose their lives, then surely higher taxes for the wealthy could reduce these problems for many countries.
It seems like a big ask doesn't it. The idea that an international agreement that all governments contributed to
which meant all the high earners in the world contributed more, could be formed. Governments would have to discuss and reach an agreement on a new level of taxation for the wealthy.
If this agreement was reached, politicians would no longer be able to use the excuse for not raising taxes to the wealthy -"The businesses or individuals will leave the country taking their business and all their taxes with them !"
You will probably be thinking that - "This agreement won't be possible. Governments across the world can't agree on any thing."
This does appear to be true when you look at the European Union for example where some countries are united by their currency (whilst some aren't), and other regulations on taxes are left to each individual country.
Although there is little evidence on countries around the world being able to unify their policies, there is a big exception to this which goes against the idea of the world not being able to agree or comply with each other.
It is the world's finance Industry....
Although the world's finance industry is not officially based in any particular country it has rules and regulations which are the same where ever you are in the world. The way that the Stock Markets work are the same whether in New York, London or Tokyo and throughout the world. Also other aspects of corporate finance like the buyout business. The rules whether respected by all or not are adhered to throughout the world.
There are differences like the amounts of transaction tax on stock market purchases and the level of regulation and freedom they are given.
But the point is ....This system though heavily influenced by the U.S. and the U.K. is not under the jurisdiction of any one governor. We therefore have something that is agreed upon not by every one, but is being co-operated with by most governments of developed and developing countries.
So is the idea of a world taxation enforcement that used cash provided by the wealthy beyond human capability?......I think this example of co-operation within the financial industry shows that where there are benefits for all involved, people from different countries can co-operate with one another...........
The United States we are told is one of the wealthiest countries in the world. The U.K. supposedly less wealthy but has less debts but is still struggling to get them under control. Neither of these countries is able to get the deficit under control.....That is the extra money that is having to be borrowed each month........The deficit has to be reduced to zero before you can begin to reduce the actual out standing debt....the national debt....
...................Now the U.K. and the U.S. are supposedly in a better position than many other countries around the world.....but have made little progress...............But the chances are it will be problems else where in the world that will create turbulance in the financial system that will effect the world over including the U.S. and U.K..............We need a reality check..........Many countries are struggling due to measures that are being enforced by the IMF and the ECB. It's time for people to begin to think where the interests of IMF and the ECB lie.............As I often comment on various posts about national debts of various countries. 'One day the Penny is going to drop'...
.........................and when it does it is going to take a few trillion dollars with it !
It's time for a plan B before any more unjustified lives are ruined and lives lost..........
......................It's time for the people to make the decisions. Not the financial system.
.............The financial system of the world is merely hanging on to a thread which is inevitably going to break.....The matter is only ...When ? !...
Increase taxes for high earners across the globe....Regulate the financial industry so that our lives, economies and governments are not damaged whilst the financial industry goes on in it's search for easy profits.
If this is the alternative to governments being shut down and austerity which is destroying lives for many who may have already been disadvantaged before the austerity measures were put in place, and causing many more to lose their lives, then surely higher taxes for the wealthy could reduce these problems for many countries.It seems like a big ask doesn't it. The idea that an international agreement that all governments contributed to
which meant all the high earners in the world contributed more, could be formed. Governments would have to discuss and reach an agreement on a new level of taxation for the wealthy.
If this agreement was reached, politicians would no longer be able to use the excuse for not raising taxes to the wealthy -"The businesses or individuals will leave the country taking their business and all their taxes with them !"
You will probably be thinking that - "This agreement won't be possible. Governments across the world can't agree on any thing."
This does appear to be true when you look at the European Union for example where some countries are united by their currency (whilst some aren't), and other regulations on taxes are left to each individual country.
Although there is little evidence on countries around the world being able to unify their policies, there is a big exception to this which goes against the idea of the world not being able to agree or comply with each other.
It is the world's finance Industry....
Although the world's finance industry is not officially based in any particular country it has rules and regulations which are the same where ever you are in the world. The way that the Stock Markets work are the same whether in New York, London or Tokyo and throughout the world. Also other aspects of corporate finance like the buyout business. The rules whether respected by all or not are adhered to throughout the world.
There are differences like the amounts of transaction tax on stock market purchases and the level of regulation and freedom they are given.
But the point is ....This system though heavily influenced by the U.S. and the U.K. is not under the jurisdiction of any one governor. We therefore have something that is agreed upon not by every one, but is being co-operated with by most governments of developed and developing countries.
So is the idea of a world taxation enforcement that used cash provided by the wealthy beyond human capability?......I think this example of co-operation within the financial industry shows that where there are benefits for all involved, people from different countries can co-operate with one another...........
The United States we are told is one of the wealthiest countries in the world. The U.K. supposedly less wealthy but has less debts but is still struggling to get them under control. Neither of these countries is able to get the deficit under control.....That is the extra money that is having to be borrowed each month........The deficit has to be reduced to zero before you can begin to reduce the actual out standing debt....the national debt....
...................Now the U.K. and the U.S. are supposedly in a better position than many other countries around the world.....but have made little progress...............But the chances are it will be problems else where in the world that will create turbulance in the financial system that will effect the world over including the U.S. and U.K..............We need a reality check..........Many countries are struggling due to measures that are being enforced by the IMF and the ECB. It's time for people to begin to think where the interests of IMF and the ECB lie.............As I often comment on various posts about national debts of various countries. 'One day the Penny is going to drop'...
.........................and when it does it is going to take a few trillion dollars with it !
It's time for a plan B before any more unjustified lives are ruined and lives lost..........
......................It's time for the people to make the decisions. Not the financial system.
.............The financial system of the world is merely hanging on to a thread which is inevitably going to break.....The matter is only ...When ? !...
