• Cyprus now looks to take 25 percent from bank accounts of wealthy
    137 replies, posted
Even if all the bank accounts affected belong to rich Russian tax evaders wi connections to the mafia, this sets a terrible precedent for all future bailouts.
Much like Greece, Cyprus was a financially dubious place. It had this coming. At least it's no longer affecting ALL saving accounts like the earlier plan.
[QUOTE=yawmwen;40024510] fuck the imf and eu, people shouldn't be ruled by some international twats. let the system collapse and rebuild it independent of the imf and eu next time.[/QUOTE] roflmao fuck you guys youre not getting back a penny of what we owe you were shutting down edit: this is how you get people to allow you loans [QUOTE=yawmwen;40024582]thousands of people are going to suffer by sucking the eu dick. the suffering is happening, what matters is whether you are going to step forward and prevent these pricks from fucking you over again. [editline]24th March 2013[/editline] and not just the eu. the imf, the cypriot parliament, all these guys are fucking over the cypriot people.[/QUOTE] Do you realise that the financial demise is mostly caused by this peoples local fuck ups that spread onto a global scale.
[QUOTE=Falchion;40025068] Do you realise that the financial demise is mostly caused by this peoples local fuck ups that spread onto a global scale.[/QUOTE] that sounds like a systemic problem with the financial systems to me.
[QUOTE=Boba_Fett;40023157]So if a government does a terrible job, they can justify stealing from their citizens?[/QUOTE] this has been the system since the concept of a "country" has existed honestly at any time the government could just pull the "well you live in OUR country so if you don't like it then you can just leave" card and everyone would be fucked [editline]24th March 2013[/editline] but they don't because those are the people that pay their salaries
[QUOTE=cccritical;40024089]how is this different from a citizen breaking into another's house and stealing from them or is that just fine because they've got more money than you[/QUOTE] It depends on what they are using the money for. If it's to feed themselves or for other needs, why are you bitching? They NEED it. It doesn't matter what the fuck you want the money for, it's immoral for you to sit on your ass on your PC and nice house while there's people starving and homeless. And yes, it is because they have more money than me, because a lot of those rich fucks can't even spend all their money, so why is it a big deal if the state taxes them?
[QUOTE=Obnobs;40025165]It depends on what they are using the money for. If it's to feed themselves or for other needs, why are you bitching? They NEED it. It doesn't matter what the fuck you want the money for, it's immoral for you to sit on your ass on your PC and nice house while there's people starving and homeless. And yes, it is because they have more money than me, because a lot of those rich fucks can't even spend all their money, so why is it a big deal if the state taxes them?[/QUOTE] wait so it's completely alright to force someone to do something you want them to do? that sounds like rape to me.
ya guys let's justify theft i would love to have my money stolen from the govt, with me having no say in it [editline]24th March 2013[/editline] and at this rate they'll prob want to take 50%! for the peopel!!
[QUOTE=yawmwen;40025187]wait so it's completely alright to force someone to do something you want them to do? that sounds like rape to me.[/QUOTE] How is being impoverished a choice?
Just sell Cyprus to the Templars, they'll pay a good price
[QUOTE=Sleepy Head;40025194]ya guys let's justify theft i would love to have my money stolen from the govt, with me having no say in it [editline]24th March 2013[/editline] and at this rate they'll prob want to take 50%! for the peopel!![/QUOTE] The problem I have with the state taking my money is that most of it goes to killing people and enforcing American Imperialism on other people. But, if it went all to social services, I'd be fine with that.
i wouldn't be fine with it if it was without my permission because that's theft duh
This is outright robbery. 25% of over 100K is unacceptable. Mind you, people with 100K in their accounts are not rich by any standards. People who saved their entire life to buy that nice house? Well fuck you and your dreams! I look forward to the bank runs which will happen this week. I wonder where else bank runs will spread. I'm certain most people will transfer their money ASAP to another country within the 1st day banks open. This is a very bad precedent to set for the entire EU.
Well, that would be the death of their banking industry's credibility, literally nobody would ever deposit another dime there again unless they absolutely had to. Not if legal precedent is established that when the government gets in financial trouble, they can retroactively tax deposits and make 25% of your money disappear. However, there is pretty much no chance of getting that money out of the banks anyway, I'm sure they're all heavily leveraged and incapable of meeting even a fraction of the withdrawals people want to make after hearing about this plan. American banks were leveraged 35-to-1 when the crisis hit, and I wouldn't be surprised if Cyprus' banks are in a similar situation. Now would be a great time to set up shop in Cyprus doing residential safe installations. At least when you keep your money in a safe in the closet, you won't open it one day to find 25% of it missing because the government needed a bailout. [editline]24th March 2013[/editline] [QUOTE=Unsmart;40025721]This is outright robbery. 25% of over 100K is unacceptable. Mind you, people with 100K in their accounts are not rich by any standards. People who saved their entire life to buy that nice house? Well fuck you and your dreams! I look forward to the bank runs which will happen this week. I wonder where else bank runs will spread. I'm certain most people will transfer their money ASAP to another country within the 1st day banks open. This is a very bad precedent to set for the entire EU.[/QUOTE] May or may not happen. If they agree to this plan, nobody will be given the opportunity to withdraw anything until well after the money has been seized. Very strict controls will be in place, because an unmitigated run would collapse their entire banking system overnight. If the plan gets shot down, there will probably still be a smaller run, because the fact that the government even considered this idea would be enough to make people want to get the fuck out of the banks.
[QUOTE=Worldwaker;40023068]A government has failed at it's job. Why are we acting like we did when the banks started to fall? Let it collapse, move in with corporations, make the business of government an actual business. Cyprus wouldn't be in the shitter then.[/QUOTE] I don't get why this is being rated dumb. It's an excellent idea. If you privatized Cyprus and got some Steve Jobs-tier CEO to run it, I fucking guarantee that Cyprus would be the best place to live in the entire world by 2025.
[QUOTE=DainBramageStudios;40026951]I don't get why this is being rated dumb. It's an excellent idea. If you privatized Cyprus and got some Steve Jobs-tier CEO to run it, I fucking guarantee that Cyprus would be the best place to live in the entire world by 2025.[/QUOTE] lol you're literally saying that corporations should be allowed to be governments
[QUOTE=DainBramageStudios;40026951]I don't get why this is being rated dumb. It's an excellent idea. If you privatized Cyprus and got some Steve Jobs-tier CEO to run it, I fucking guarantee that Cyprus would be the best place to live in the entire world by 2025.[/QUOTE] More like the best place to live for a selected few, and a shithole for the rest. And then there is just the bad part of letting a thing which revolves around money having sway over people's lives.
[QUOTE=Zeke129;40026977]lol you're literally saying that corporations should be allowed to be governments[/QUOTE] Well yeah it wouldn't be unprecedented. I mean IIRC you actually live in an area once [url=http://en.wikipedia.org/wiki/Hudson's_Bay_Company]governed by a corporation[/url] and from what I can tell it was pretty good. Would you frequent a coffee shop run by the State of California? I doubt it, it would be fucking awful. So why would the reverse not be true? Corporate governance has many advantages over the status quo that would seem very attractive for the Cypriot people. The shareholder model encourages people with [I]actual competence[/I] to be the managers and higher-ups, and the difference between what someone in the 99th percentile, and someone in the 99.99th percentile can do for a company is fucking astronomical. A hypothetical CyprusCo would try to maximize its profits, right? It can do that by maximizing the real estate value of the landmass we call Cyprus. Which translates to making Cyprus as good a place to live as possible. If a CEO fucks up in this regard, the shareholders simply fire him or her.
[QUOTE=Chronische;40023096]It's basically saying that if the money is in their reach, they can feel free to take it when they need it, treating it like a piggy bank they can break into. Why anyone would leave money in a country that would allow that to happen is beyond me.[/QUOTE] Yeah, just doing this is begging for mass capital flight which will bring even more economic ruin to the nation.
[QUOTE=yawmwen;40025187]wait so it's completely alright to force someone to do something you want them to do? that sounds like rape to me.[/QUOTE] you keep finding new and fresh awful things to say do you have like a team of writers or something [editline]24th March 2013[/editline] [QUOTE=DainBramageStudios;40026951]I don't get why this is being rated dumb. It's an excellent idea. If you privatized Cyprus and got some Steve Jobs-tier CEO to run it, I fucking guarantee that Cyprus would be the best place to live in the entire world by 2025.[/QUOTE] except for all of the citizens of cyprus making iphones in sweatshops
[QUOTE=SigmaLambda;40027064]except for all of the citizens of cyprus making iphones in sweatshops[/QUOTE] Somehow I don't think that's an optimal way to govern a landmass for profit.
steve jobs was obviously a good manager and had good ideas for technology but his business (and all businesses, inherently) was still predatory, producing goods on the cheap with underpaid third-world labor and selling them, vastly overpriced, with the help of powerful ad campaigns in first world countries
[QUOTE=DainBramageStudios;40027030]Well yeah it wouldn't be unprecedented. I mean IIRC you actually live in an area once [url=http://en.wikipedia.org/wiki/Hudson's_Bay_Company]governed by a corporation[/url] and from what I can tell it was pretty good. Would you frequent a coffee shop run by the State of California? I doubt it, it would be fucking awful. So why would the reverse not be true? Corporate governance has many advantages over the status quo that would seem very attractive for the Cypriot people. The shareholder model encourages people with [I]actual competence[/I] to be the managers and higher-ups, and the difference between what someone in the 99th percentile, and someone in the 99.99th percentile can do for a company is fucking astronomical. A hypothetical CyprusCo would try to maximize its profits, right? It can do that by maximizing the real estate value of the landmass we call Cyprus. Which translates to making Cyprus as good a place to live as possible. If a CEO fucks up in this regard, the shareholders simply fire him or her.[/QUOTE] this is a new low for you lmao privatizing a government would be awesome!! i've always wondered what it would be like if we just stopped pretending to have any semblance of public representation and instead just let the same people who ran wall street into the ground openly run the entire country.
[QUOTE=DainBramageStudios;40027109]Somehow I don't think that's an optimal way to govern a landmass for profit.[/QUOTE] the point of a government isn't to profit off of it's citizens [editline]24th March 2013[/editline] a nation that turns a profit (that is, it produces funds for it's owners instead of spending any surplus on it's people) is a kleptocracy
[QUOTE=SigmaLambda;40027120]the point of a government isn't to profit off of it's citizens[/quote] not the stated purpose of course, but don't you think it's suspicious how much politicians and civil servants and [URL="http://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning_II"]defense contractors[/URL] manage to make out of this gigantic tax-driven money fountain [quote]a nation that turns a profit (that is, it produces funds for it's owners instead of spending any surplus on it's people) is a kleptocracy[/QUOTE] it turns a profit by improving the lives of its people and it would reinvest the profits into continuing this process if it had any sense the business making money out of its people would actually be a [I]virtue[/I] were it a proper commonsense company rather than the vice that it is for an ostensibly charitable government like what we have today. [editline]24th March 2013[/editline] [QUOTE=Kopimi;40027115]privatizing a government would be awesome!! i've always wondered what it would be like if we just stopped pretending to have any semblance of public representation and instead just let the same people who ran wall street into the ground openly run the entire country.[/QUOTE] public representation is overrated. look at singapore.
[QUOTE=DainBramageStudios;40027169] public representation is overrated. look at singapore.[/QUOTE] oh ok you're just trolling. high-five, you got me.
[QUOTE=Boba_Fett;40023157]So if a government does a terrible job, they can justify stealing from their citizens?[/QUOTE] The government has priorities based on morals and human rights. Public schools and hospitals, police, energy and water supply and all this are more important than preserving the static and noncontributing wealth of the rich.
[QUOTE=SigmaLambda;40027198]oh ok you're just trolling. high-five, you got me.[/QUOTE] I'm serious. Fucking go to singapore, it's a wonderful place. I mean what does public representation actually get you?
i could buy someone who thought that the ceos of major corporations were meritorious people who had skill and could act and manage people altruistically but you overstepped the line of believability when you identified as [i]an actual fascist[/i]. good try, though
[QUOTE=SigmaLambda;40027225]i could buy someone who thought that the ceos of major corporations were meritorious people who had skill and could act and manage people altruistically but you overstepped the line of believability when you identified as [i]an actual fascist[/i]. good try, though[/QUOTE] He's being serious. Like, he isn't actually a fascist, but he does have a lot of fascist ideas.
Sorry, you need to Log In to post a reply to this thread.