The stupid financial transaction tax is a euthanasia pill for financial markets. If Eurozone adopts this stupid tax, all financial transactions of the continent will move to London and New York. Barroso hoodwinks that if adopted as a new own resource of the EU budget the financial transaction tax (FTT) will significantly reduce the contributions of member states to the EU budget.
According to estimates presented yesterday by the European Commission, Member States' contributions would be slashed by €54bn in 2020. Stupid! Stupid! Stupid! There could not be any revenue from FTT, because all financial institutions will disappear from eurozone! Eurozone will lose trillions of euros!
The most popular euthanasia substance on the market is Nembutal, and the most disgusting euthanasia of financial markets is the financial transaction tax. I prefer Nembutal to the financial transaction tax!
A sensitive issue cannot be fully explained in a post, but only in a speech, in that magic eyeball to eyeball contact, baring my soul, and declaring truths that cause shock and awe. That's why I look forward to the invitation of your organization to speak at your conference. Basil Venitis, venitis@gmail.com
The Commission proposes that two thirds of the revenues of the FTT go to the EU budget, reducing by the same amounts Member States' contributions based on their GNI, with the remaining one third being retained by Member States. Therefore, every euro levied with the FTT will ultimately benefit the Member States, whether through direct revenue collection or through a reduction of contributions to the EU budget. But there would not be any financial institutions to collect FTT from!
Bewildered Greece, in its infinite stupidity, already applies a financial transactions tax on the sale of Greek listed shares at a rate of 0.2%. This stupid tax, which burdens the seller of the listed shares, is directly withheld upon each settlement of the transaction and paid by the Stock Exchange Depository to the tax service. This stupid tax also applies on the sale of foreign listed shares by Greek tax payers, i.e. Greek resident individuals, Greek enterprises, and Greek branches of foreign entities.
The financial sector does not pay VAT and has received massive support by taxpayer's money, said Financial Programming and Budget Commissioner Janusz Lewandowski. Taxing the transactions of all financial institutions at rates as low as 0.01% is only fair. Furthermore, the estimated revenue which the tax would generate by 2020 can only be welcome by cash strapped governments across the EU.
Frankfurt Group is the shadow board of Eurozone. It consists of Merkozy, Barrompuy, Draghi, Lagarde, Juncker, and Rehn. Frankfurt Group is hiding the fact that FTT is a euthanasia pill! Hoodwinking citizens is something Eurokleptocrats have learned from Graecokleptocrats.
Cameron rejects FTT. The decision by Cameron to block a Fourth Reich treaty change by using his country's veto power has sparked a festive atmosphere among libertarian Europeans. Cameron has applied the very veto that former Prime Minister John Major should have used against the Maastricht Treaty, which created euro. We should just be grateful.
I congratulate Cameron on an undeniably brave decision. There is an exciting sense that we are at the beginning of a very profound change in which our tortured relationship with Fourth Reich will be redefined, at long last. UK has been a downtrodden wife stuck in a bad marriage, constantly threatening to go but never having the nerve. Now she is finally revolting, and it is bound to start a domino chain of secessions.
Ever since Margaret Thatcher famously demanded "I want my money back," Britain has had to contribute less to the EU than the size of its economy would otherwise require. Napoleon Sarko is very rude to Britons, telling Cameron "you missed a good opportunity to keep your mouth shut. We are sick of you criticizing us and telling us what to do. You say you hate the euro and now you want to interfere in our meetings." Some times Sarko avoids an extended hand of Cameron to greet him!
We have to secede now from Fourth Reich, because we might not be able to do it later. Do not forget what happened to CSA. The Confederate States of America (CSA), 1861-1865, was a confederation of eleven Southern states that had declared their secession from USA. But USA rejected this justified secession as illegal, and used military action to defeat CSA.
VAT is a very good reason to secede from Fourth Reich(EU) now. Vatstruck Fourthreichians are looking for a Moses to liberate them from the yoke of Brussels. They have to do it now, before a new imposed treaty between Eurokleptocrats tie their hands forever. Californians and Texans want to secede from USA, but Uncle Sam does not allow it. The same thing might happen with Britons and Greeks. Infinite infinitesimal amendments to treaties might accumulate over time, leading to huge changes of original intent, enslaving all Fourthreichians to Brussels forever! http://venitism.blogspot.com
Greenland was the first country to secede from Fourth Reich. The Lisbon Treaty introduces a secession clause. A slave State may notify the Fourthreichian Council that it wishes to secede, upon which secession negotiations begin; if no other agreement is reached, the hateful Lisbon Treaty ceases to apply to the seceding State two years after such notification.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.