The colonialists brought crime from Europe to Africa - Baleka Mbete

[saturnz]

Its a simple question dude.

take it as your give it

 

[saturnz]

God you are a perfect example of the Dunning Kruger effect. Tax avoidance is legal, tax evasion is not.

That's why I said tax evasion.

accusing me of criminal activity without proof

continue

 

[saturnz]

He refuses to tell us more about his theory that banks cause inflation and this combined causes theft from the public....

its not my theory, its the observation made my Milton Friedman, but you obviously have no idea who that is

 

[MidnightWizard]

I think that the way out of this is for South Africa to be -- RE-COLONISED
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By the FINNS
The only people I trust ....

 

[Splinter]

accusing me of criminal activity without proof

continue

Oh, there is proof. You have stated that you rent out a number of items (house, car, trailer are just the ones I am personally aware of), stated you only pay levies and rates - and refused to answer, on multiple occasions, whether you pay personal income tax or not.

And then last, but not least, often try and mock law abiding citizens for paying taxes.

On an internet forum, you are tried and judged dude. All that remains is what sentence applies....

 

[Splinter]

its not my theory, its the observation made my Milton Friedman, but you obviously have no idea who that is

"Your" Milton Friedman? And like you had no idea that tax evasion is illegal?

 

[saturnz]

Oh, there is proof. You have stated that you rent out a number of items (house, car, trailer are just the ones I am personally aware of), stated you only pay levies and rates - and refused to answer, on multiple occasions, whether you pay personal income tax or not.

And then last, but not least, often try and mock law abiding citizens for paying taxes.

On an internet forum, you are tried and judged dude. All that remains is what sentence applies....

I only pay levies and rates? maybe you want to tell my tenant that, because I just spent R30k painting the house and now spending R20k replacing the kitchen cupboards LOL

and you forget about the tenant that defaulted and where I incurred so much losses that they were ring fenced

but yeah you have your proof, I have mine

 

[rambo919]

its not my theory, its the observation made my Milton Friedman, but you obviously have no idea who that is

Actually he had a variety of observations on it from what I remember, there are many things that can cause inflation not central banks exclusively, it's the money supply specifically that the central banks are in charge of.

Put differently money supply is inflated or deflated by various means.

 

[lived666]

I only pay levies and rates? maybe you want to tell my tenant that, because I just spent R30k painting the house and now spending R20k replacing the kitchen cupboards LOL

what has painting costs got to do with income tax?

 

[saturnz]

what has painting costs got to do with income tax?

do you not know how income tax on let properties is calculated, maybe this is not your expertise?

 

[rambo919]

what has painting costs got to do with income tax?

Depends on whether you rent out the property or not.

 

[GhostSixFour]

what has painting costs got to do with income tax?

Don't play chess with a pigeon dude..

 

[saturnz]

it's the money supply specifically that the central banks are in charge of.

but that is the crux of the matter

 

[konfab]

Actually he had a variety of observations on it from what I remember, there are many things that can cause inflation not central banks exclusively, it's the money supply specifically that the central banks are in charge of.

Put differently money supply is inflated or deflated by various means.

Correct. Even a gold standard based currency can become inflated if a new source of gold is found.

The only currency that can't really be inflated is something like bitcoin, where it being a fixed supply is a feature.

 

[saturnz]

Correct. Even a gold standard based currency can become inflated if a new source of gold is found.

that must explain the book "the golden constant" then, with data spread over centuries

the amount of gold on this planet is fixed, the stock of gold is not going to increase, unless we start mining asteroids

 

[Splinter]

I only pay levies and rates? maybe you want to tell my tenant that, because I just spent R30k painting the house and now spending R20k replacing the kitchen cupboards LOL

and you forget about the tenant that defaulted and where I incurred so much losses that they were ring fenced

but yeah you have your proof, I have mine

haha - you were the one boasting about R15k a month rent on a R1.8m property, and now you made losses? How long did the tenant default for? And didn't you mention that you had insurance cover for lost rental?

Shame man, looks like you being economical with the truth again....

 

[Splinter]

Actually he had a variety of observations on it from what I remember, there are many things that can cause inflation not central banks exclusively, it's the money supply specifically that the central banks are in charge of.

Put differently money supply is inflated or deflated by various means.

it seems he has updated his theory to central banks; previously it was just banks he was referring too

 

[rambo919]

Correct. Even a gold standard based currency can become inflated if a new source of gold is found.

The only currency that can't really be inflated is something like bitcoin, where it being a fixed supply is a feature.

I have at times wondered how possible it would be to implement a negative income tax here but I doubt government is capable of the required administration on one hand and if you touch the grants there will be riots.

 

[konfab]

that must explain the book "the golden constant" then, with data spread over centuries

the amount of gold on this planet is fixed, the stock of gold is not going to increase, unless we start mining asteroids

How much gold there is on the planet doesn't matter. What matters is the amount of gold we can access and use for a currency.

The reason why people call gold "constant" is because the rate that we add to it is really, really slowly.

 

[rambo919]

it seems he has updated his theory to central banks; previously it was just banks he was referring too

All I will say is if you have a central bank there is only one supply of money, without a central bank every bank has it's own..... hardly rocket science.