General Discussion

oldsoftie

(13,538 posts)

25. In that case, nothing will change here either. There's never enough money for government.

Sun Jul 14, 2019, 03:36 PM

Jul 2019

And a VAT taxes the dozens, if not hundreds, of occupations that do not have W2 or 1099 reported income. Everyone automatically thinks of the "underground economy", but the fact is there are many self report occupations out there. We miss hundreds of billions, if not even trillions, of taxable income just simply because people dont report it. I'm one of them. I can write down anything i want on my 1040. None of my income is reported by anyone I get it from.

And our government has shown that regardless of which party is in control, they will always spend too much on everything.
I wouldnt mind dedicating a VAT to paying down the debt.
Unfortunately too many people think we can pay the debt, balance the budget, and add new programs simply by taxing the rich at a higher rate. We CANNOT. It will not work. it isnt even CLOSE to being enough money.

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Real Hedge-Fund Managers Have Some Thoughts on What Epstein Was Actually Doing [View all] Clash City Rocker Jul 2019 OP

Or money laundering JDC Jul 2019 #1

Conceivable but difficult DFW Jul 2019 #2

Perhaps he doesn't have billions. JDC Jul 2019 #3

That could well be. DFW Jul 2019 #6

I'd say you are right. They wouldn't need Epstein JDC Jul 2019 #7

This is another reason we need a VAT in the US. Only 1 candidate supports it oldsoftie Jul 2019 #16

I don't support a national VAT in the USA either. DFW Jul 2019 #24

In that case, nothing will change here either. There's never enough money for government. oldsoftie Jul 2019 #25

Though I agree that merely taxing the rich" is just another gesture DFW Jul 2019 #44

You just turned a light on in my head. Blue_true Jul 2019 #31

Oh, they always pay their taxes DFW Jul 2019 #43

Do you remember when the US Treasury first set the $10,000 cash transaction limit? Blue_true Jul 2019 #46

And that was over 30 years ago DFW Jul 2019 #47

Wow. Your raised some scary stuff. Essentially, if it wants to, the government can trim people's Blue_true Jul 2019 #53

It CAN happen here DFW Jul 2019 #54

Then my question is... paleotn Jul 2019 #21

One guy pointed out how. Blue_true Jul 2019 #33

iirc, Epstein is known to be very friendly with Lars39 Jul 2019 #45

Very, very difficult to do that without leaving footprints. Even if the laundering is done offshore. Blue_true Jul 2019 #30

When you mange BIG money like super wealthily people, public pension funds, foundations etc... nycbos Jul 2019 #4

Blackmail ring? TruckFump Jul 2019 #5

Kick dalton99a Jul 2019 #8

And that trove of information needs to be dissected. Name the names. I'm sick of this shit. oldsoftie Jul 2019 #17

If hedge fund managers think you're shady Bettie Jul 2019 #9

A vertical blackmail operation. Provide secret access to fast turnover of young females NCjack Jul 2019 #10

Bernie madoff? UpInArms Jul 2019 #11

Well, it seems to me 2naSalit Jul 2019 #12

Seems like it could also get a bullet to your head. oldsoftie Jul 2019 #18

Not unless he devised a way Mme. Defarge Jul 2019 #29

I don't care how much money or power a person has, he or she can't check every claim. Blue_true Jul 2019 #34

If I was a blackmailed billionaire pedophile I would have had Epstein killed right after the first TeamPooka Jul 2019 #48

Thats why i wonder about the blackmail issue. oldsoftie Jul 2019 #51

of course good blackmailers have back-ups for protection etc TeamPooka Jul 2019 #52

that's a possibility too...nt 2naSalit Jul 2019 #55

Oh, I think there's much more to Epstein than we know. MineralMan Jul 2019 #13

Until Trump, I would have thought that what you just claimed was not possible. Blue_true Jul 2019 #35

Epstein was an asset crazytown Jul 2019 #14

this is a really important article. Thanks for posting. n/t MBS Jul 2019 #15

The post-sex debriefing of the young girls looking for details Greybnk48 Jul 2019 #19

Since Epstein owned the places that the young girls met the men at, Blue_true Jul 2019 #36

An advanced blackmail ring..... paleotn Jul 2019 #20

If there are enough powerful men caught up in his web, Blue_true Jul 2019 #37

Interesting.. kentuck Jul 2019 #22

It has happened since the advent of pictures. nt Blue_true Jul 2019 #38

I don't buy the S&P 500 or Treasuries theories jmowreader Jul 2019 #23

Could be. Blue_true Jul 2019 #39

I read somewhere the FBI recovered DVD's with names on them. onecaliberal Jul 2019 #26

THat's One Possiblility I Thought Of Me. Jul 2019 #27

Criminals typically don't like their money launderers living large on their dime. Blue_true Jul 2019 #41

I have heard others bring up this theory, as well. GoCubsGo Jul 2019 #28

Unrolled Twitter thread I stumbled across canetoad Jul 2019 #32

Blackmail makes the most sense to me DeminPennswoods Jul 2019 #40

DFT knows the best child molesters RainCaster Jul 2019 #42

He had no traders in his "fund". Recursion Jul 2019 #49

Kick ck4829 Jul 2019 #50