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View Full Version : Statists never change.



LWW
05-11-2011, 02:12 AM
We have millions in America who would cheer this thievery being implemented here ... and don't think the statists aren't watching to see how the Irish people react to this:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Irish government plans to institute a tax on private pensions to drive jobs growth, according to its jobs program strategy, delivered today.

Without the ability sell debt due to soaring interest rates, and with severe spending rules in place due to its EU-IMF bailout, Ireland has few ways of spending to stimulate the economy. Today's jobs program includes specific tax increases, including the tax on pensions, aimed at keeping government jobs spending from adding to the national debt.

The tax on private pensions will be 0.6%, and last for four years, according to the report.
From the jobs initiative release:

The various tax reduction and additional expenditure measures which I am announcing today will be funded by way of a temporary levy on funded pension schemes and personal pension plans. I propose that the levy will apply at a rate of 0.6% to the capital value of assets under management in pension funds established in the State.

It will apply for a period of 4 years commencing this year and is intended to raise about 470 million in each of those years. The levy will not apply to pension funds established here and providing services and benefits solely to non-resident employers and members. Further details regarding the proposed application of the levy are set out in the Summary of Initiative Measures.

Ireland's ability to levy further taxes on other parts of the economy is restricted because its economic growth has been inhibited in the wake of a financial crisis that crippled its banking sector and decimated its public finances.

Unwilling to budge on the country's low corporate tax rate, Enda Kenny's Irish government has chosen to target pensioners for funds to grow the economy. Whether it turns out to be an example to other countries seeking alternative ways to raise revenues with aging populations is yet unknown.


Read more: http://www.businessinsider.com/irish-bom...5#ixzz1M1tVMtu4 (http://www.businessinsider.com/irish-bombshell-government-raids-private-pensions-to-pay-for-jobs-program-2011-5#ixzz1M1tVMtu4) </div></div>

Common criminals.

llotter
05-12-2011, 02:28 PM
It's really a question of where the money can be used most efficiently and there is no doubt that the smartest people are in government and the smartest people know best how to allocate resources. In fact, once you subtract out all that that work for government, the remaining population is pretty dumb and pretty helpless. A lot of people recognize this simple truth and when they are not sure what to do with all of their money, they just give it to the people that know best, those who are smart enough to be in government.

In fact, an elderly and widowed neighbor once signed over all of her property to government and in return the government promised to take care of her for the rest of her life...a practice that I believe is quite common among old people who have property but little income. If all the remaining non-government people merely signed over whatever they have to the smart people in government, the problems caused by too many dumb people with too much money, would all evaporate.

LWW
05-12-2011, 04:50 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: llotter</div><div class="ubbcode-body">It's really a question of where the money can be used most efficiently and there is no doubt that the smartest people are in government and the smartest people know best how to allocate resources. In fact, once you subtract out all that that work for government, the remaining population is pretty dumb and pretty helpless. A lot of people recognize this simple truth and when they are not sure what to do with all of their money, they just give it to the people that know best, those who are smart enough to be in government.</div></div>

That, or buy a yacht.

llotter
05-12-2011, 05:02 PM
Conspicuous, ostentatious consumption is not appropriate for the dumb class.