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Bank accounts taxed by up to 10%. Can it happen in Poland?


ShawnH 8 | 1,507
18 Mar 2013 #31
I don't believe for a second you would want to see normal people screwed out of part of their life savings.

Here is the killer thing though... Those with the most have so little sitting around in "plain old cash", and I am sure they will find a way to become exempt from the "tax". So it does seem like re-distribution, but not from the top down, it's from the bottom up.
OP poland_
18 Mar 2013 #32
So it does seem like re-distribution, but not from the top down, it's from the bottom up.

The apple always falls close to the tree.... The Anglo-Saxon model.

We have to think about how the UK reacted to changes to ' The City' by EU legislation.
Wroclaw Boy
18 Mar 2013 #33
You fecking kill me WB, I know you have more heart, you may be against certain elements of the banking system, I know you as a poster over the years on PF and I don't believe for a second you would want to see normal people screwed out of part of their life savings.

I want the system to fail more than anything else, i campaign for it all the time, anywhere and everywhere. We are on a collision course with nature and the main culprit is money.

This is not about peoples savings its about the system failing, the same system that is killing the planet, the same one that keeps the elite, super rich and the rest of us poor. The same one that guarantees the rich getting richer and the poor poorer. 10% is nothing for these people that have savings anyway, try taking 10% of the billions of people who live on less than $1 a day.

I hope the Cyprus crises spreads throught the entire planet like cancer.
OP poland_
18 Mar 2013 #34
I want the system to fail more than anything else

No you don't if you care for your kids.

The previous London riots would just touch the surface of what you would get in full meltdown mode. The main problem is the EU and central government they are far removed from the people.

This is not about peoples savings its about the system failing, the same system that is killing the planet, the same one that keeps the elite, super rich and the rest of us poor.

That is bullsh1t its the ceiling you have decided to live under. What is killing the planet is population explosion. There are only so many resources on the planet, capitalism needs new markets and breeds its new faith consumption, nothing in nature escapes if we expand new wealth in South American, Asia and Africa they will eat from your table.
Maybe 12 | 409
18 Mar 2013 #35
I'm already preparing my Mad Max outfit....
Wroclaw Boy
18 Mar 2013 #36
No you don't if you care for your kids.

actually its the complete opposite, if you care for your kids you'll stop perpetuating a flawed system that enslaves all us normal people.

The previous London riots would just touch the surface of what you would get in full meltdown mode.

Not if its managed correctly, we dont eat money. As long as people who truly contribute to society keep doing what they do - we'll be just fine. It would be a transition period into society without money.

What is killing the planet is population explosion.

and there isnt a solution anytime soon. Population can easily be controlled if we all sing from the same hymn sheet, in a new world order as put forward by the Zeitgeist Movement.

That is bullsh1t its the ceiling you have decided to live under.

Excuse me? i didnt decide anything, neither did you, we are controlled by vested interests and big business, its become a drone or sleep on the streets.

There are only so many resources on the planet

Like what? we have plenty of resources in order to sustain the entire planet in luxury.....AT THE MOMENT. If we carry on as profit being the main drive and people conducting useles activities on a daily basis using these resources to pay bills THEY will deplete soon enough. But with intelligent management we can sustain the population easily. In the future we can look at population control...but first the profit agenda has to go.

capitalism needs new markets and breeds its new faith consumption, nothing in nature escapes if we expand new wealth in South American, Asia and Africa they will eat from your table.

Capitalism doesn't work, that much is obvious. With regard to emerging markets the World needs to act as one, what they use affects us, so we all need to work together.
Maybe 12 | 409
18 Mar 2013 #37
Perhaps the EU is testing the waters an experiment if you like. If the Cypriots capitulate then onto the next economy.

If you fancy something amusing read the link, it is the NRA take on the Cypriot issue.

blog.nugun.org/2013/03/18/the-world-just-got-10x-more-dangerous-cyprus
OP poland_
19 Mar 2013 #38
Perhaps the EU is testing the waters an experiment if you like. If the Cypriots capitulate then onto the next economy.

If you're a small depositor in Cyprus you'll tell yourself that it would have been better to keep your money under the carpet than in a bank, And if you're a Greek, a Spaniard or an Italian, well, you'll tell yourself that you might be next.

Not if its managed correctly, we dont eat money. As long as people who truly contribute to society keep doing what they do - we'll be just fine. It would be a transition period into society without money.

There have been periods in history in which country's defaulted France for one, the revolution followed.

and there isnt a solution anytime soon. Population can easily be controlled if we all sing from the same hymn sheet, in a new world order as put forward by the Zeitgeist Movement.

Sounds dangerously, like the so called Illuminati to me.

Capitalism doesn't work, that much is obvious. With regard to emerging markets the World needs to act as one, what they use affects us, so we all need to work together.

Capitalism was going along just fine until the creation of Global Economics. Exporting jobs and industry was never a good idea, as you are exporting wealth. There needs to be trade sanctions, in Europe we should consume what we create, protect our industry, just like the Chinese.
Grzegorz_ 51 | 6,161
19 Mar 2013 #39
There have been periods in history in which country's defaulted France for one, the revolution followed.

Even recently, Russia or Argentina... Greece should have been allowed to default years ago... there would have been no burden in debt costs, on the other hand no one would lend them money for many years, so problem solved, they would not be able to get in debt again.

Capitalism was going along just fine until the creation of Global Economics.

It would be still working. The reason behind the crisis is irresponsible behavior of the governments and large banks working closely with them, not much to do with capitalism really...
Wroclaw Boy
19 Mar 2013 #40
It has everything to do with capitalism, it's the never ending pursuit for profit that has caused this mess.

@warsawski, if you knew anything about the movement you wouldn't comment like that. Do yourself a favour and look into it. I'll post a link later, I'm on the phone so it's a bit tricky at the moment.
kondzior 12 | 1,242
19 Mar 2013 #41
Let me see if I read it right:

EU arrives in countries unprepared for it, throwns lots of FREE MONEIS IF YOU JOIN incentives, nukes the local economy with their retarded single currency, and then they force austerity and even worse fiscal measures to "save the Eurozone"?!

The hell is this, ARE THOSE PEOPLE RETARDED?!!

Money is ALWAYS better kept under your mattress! Don't trust anybody.
jasondmzk
19 Mar 2013 #42
EU arrives in countries unprepared for it

How does it arrive and whose fault is it they're unprepared. More like Greece, where they doctored the books to make themselves more appealing to the EU.

ARE THOSE PEOPLE RETARDED?!!

Money is ALWAYS better kept under your mattress! Don't trust anybody.

I think even retarded people expect at least a 2% yearly interest on the most basic of savings accounts. But, uh, good luck with your Bank of Sealy Posturpedic.
kondzior 12 | 1,242
19 Mar 2013 #43
How does it arrive and whose fault is it they're unprepared

"Austerity muss sein!"

"Jawohl for ze forth Reich!

I think even retarded people expect at least a 2% yearly interest on the most basic of savings accounts. But, uh, good luck with your Bank of Sealy

Canadian banks are the most stable and financially sound in the world. The National Bank, the Royal Bank of Canada, and the CIBC are in the top 5 in the world.

As far as anonymity and lack of oversight from foreign interest goes, the best country in the world is Singapore. The standards for bank secrecy are higher than the Swiss.
Grzegorz_ 51 | 6,161
19 Mar 2013 #44
It has everything to do with capitalism, it's the never ending pursuit for profit that has caused this mess.

You think governments making trillions in debt or pushing banks to give mortgages to anyone, who breathing are so capitalistic ? Pursuit for profit for profit is a healthy behavior, the problem is not enough capitalism, for the real economy, small companies, individuals... that and totally foolish budget/monetary policy led to what we have now. Blaming that on capitalism will only lead to more problems.

EU arrives in countries unprepared for it, throwns lots of FREE MONEIS IF YOU JOIN incentives, nukes the local economy with their retarded single currency, and then they force austerity and even worse fiscal measures to "save the Eurozone"?!

Very true.
kondzior 12 | 1,242
19 Mar 2013 #45
It has everything to do with capitalism, it's the never ending pursuit for profit that has caused this mess.

In capitalism those banks would go bust, end of story, to hell with them. In socialism the government taxes you to help banks.
Wroclaw Boy
19 Mar 2013 #46
In capitalism those banks would go bust, end of story, to hell with them.

Lets say a bank like HSBC was allowed to go into administration in the UK, this is a bank with say a 20% market share, so everysingle person who owns a bank account losses their money and banking facilities. You with me?

So that 20% do not pay their rent or mortgage, do not pay their taxes, or utility bills, cannot buy food, insure their car etc etc. What ramifications do you think that might have on that countries economy? and do you see why governements cannot allow banks to go bankrupt beit capilatism or socialism.

Pursuit for profit for profit is a healthy behavior

the banking crises is a side effect of the pursuit for profit in the shape of banks lending money that was not able to be paid back, boom there it is - plain and simple. The banking crises is only one area of how the monetary system doesnt work, but it is a cracker for activists such as myself because it effects everyone and hits them right where it hurts.
f stop 25 | 2,513
19 Mar 2013 #47
I'm hoping that this precedence will only hit the banking systems that where established to provide tax havens.
If it starts hitting savings of 99%, they should start moving their money to their own credit unions.
Here is a credit union that some members of my family were involved in starting. I have not been following, but anyone knows how they're doing?

en.psfcu.com/Overview_20.html
OP poland_
19 Mar 2013 #48
I'm hoping that this precedence will only hit the banking systems that where established to provide tax havens.

youtube.com/watch?feature=player_embedded&v=AnmZcJxsyw0
Wroclaw Boy
19 Mar 2013 #49
@Warsawski i commented earlier that i would post a video - so heres one, i appreciate that your knowledge of the movement is limited and as such i wouldnt expect you to sit through some of the more time consuming vids so this one can serve as an introduction. It may be a problem for you though based on your religious beliefs.

In any case it would be great if you'd give it 5 minutes and possibly a comment or two of your opinion.

youtube.com/watch?v=bTbLslkIR2k

Admin needs to look at the youtube embed feature here, its not been working for a few days.
Maybe 12 | 409
19 Mar 2013 #50
Well if i were a rich man tad da da da..... i would stick my cash into Norwegian banks. Stable country, massive oil resources. Short flight away. job done.
pillager
19 Mar 2013 #51
To answer the question. Yes I think it will. Germany has not given up on Wrocław, Szczecin, and the rest of the Recovered Territories. Cyprus is paying for European solidarity because it bought some of those Greek bailout bonds - NOT the depositors who are KEY to economic growth. Now Germans are ordering the people to accept penury like the rest of Southern Europe, and sell off their crown jewels. Poland of course will be oblivious until it happens because it is always blind to everything but Russia. That is how you lost the Recovered Territories last time.
Maybe 12 | 409
19 Mar 2013 #52
Cyprus has become a safe haven for the Russian Mafia. Full Stop. End of. Period. The majority of the Cypriot people do not have savings over 100,000 Euros, most people in Europe and the UK don't.

The average household in central Manchester has just £569 in savings. It's closely followed by four boroughs of London - Hackney, Islington, Lambeth and Tower Hamlets - all of which have average household savings under £780.

Topping the list for the largest savings per household was Chiltern in Buckinghamshire, which had average savings of £15,712, while Mole Valley in Surrey had average savings of £15,435 per household
.

However, in Cyprus the majority of Russian expats in Cyprus DO have over 100,000 Euros in savings. And much of this money has been illegally obtained. So why not rob the rich.

"Behind every great fortune there is a crime."― Honoré de Balzac

I appreciate the Cypriot people will suffer, they are going to suffer regardless the poor always do. They are regarded as collateral damage.

Germany is flexing it's muscle through the EU structure and it is a geopolitical tactic to repel the Russian stealth/wealth invasion of Cyprus which Russia covets since it would provide a naval base in the med with access to the North Africa and beyond.

What I am not looking forward to is the Gazprom response, everyone is concerned about banks and money but if Russia chose to turn off the gas we'd all be f*cked.
irishguy11 6 | 157
19 Mar 2013 #53
thejournal.ie/cyprus-reject-eu-bailout-deal-837758-Mar2013
The government have voted against it and now they will try something else. The Brits flew a million euro over for the soldiers and their workers and gave them the choice of having wages paid into a british bank.
pillager
19 Mar 2013 #54
Hey Maybe,

If property is stolen it belongs to the people it was stolen from. Full stop. I hope someday thieves get you, so that after an exchange, they can declare they legitimately own it. The rule of law must exist all of the time, or it doesn't.

But accusing tax dodgers of being money launderers is crude spin being used to justify theft. Tax dodging is considered legitimate, even though it is the bane of most economies. But they are still savers, and savers' contribute growth, while bondholders contribute debt. The problems here are the bondholders who took risks on Greece, in an erroneous belief in European solidarity. If foreigners are having their wealth confiscated in Europe, they will stop using European banks, and the mountain of debt will grow and spread.

"Germany is flexing it's muscle through the EU structure and it is a geopolitical tactic to repel the Russian stealth/wealth invasion of Cyprus which Russia covets since it would provide a naval base in the med with access to the North Africa and beyond."

This would seem to bring Cyprus closer to Russia. If Russia loans them more money, they must get something big in return. The Germans are extremely unpopular in Cyprus, Greece, and the rest of southern Europe, so giving Russia natural gas and a base will be easy.
Maybe 12 | 409
19 Mar 2013 #55
If property is stolen it belongs to the people it was stolen from. Full stop. I hope someday thieves get you, so that after an exchange, they can declare they legitimately own it. The rule of law must exist all of the time, or it doesn't.

You've lost me in your first sentence.

.

But accusing tax dodgers of being money launderers is crude spin being used to justify theft.

The dirty Russian money is not to do with tax dodging it is money made from organised crime.

so giving Russia natural gas and a base will be easy.

Hmmm i have got the feeling you don't know what you are talking about.

The problems here are the bondholders who took risks on Greece, in an erroneous belief in European solidarity.

yup, you don't know what you are talking about.
OP poland_
19 Mar 2013 #56
The government have voted against it and now they will try something else.

So expect the banks in CY to be locked down until next week, then a restriction on the movement of money from Cyprus for a fixed period.
Maybe 12 | 409
19 Mar 2013 #57
Role on a week of demos culminating in curfews and the army on the streets......
SeanBM 35 | 5,808
19 Mar 2013 #58
The government have voted against it and now they will try something else.

They are damned either way at this stage, if they take the 10% or if they totally leave it the way it was (more likely something in between),

Anyone with money will take it away from Cyprus anyway as it is too risky.

So expect the banks in CY to be locked down until next week, then a restriction on the movement of money from Cyprus for a fixed period.

I think this is the only course of action they can do now, no matter what the final decision is.

These people are not fit to govern anything, this is really sick.
OP poland_
19 Mar 2013 #59
These people are not fit to govern anything, this is really sick.

Italy next, then Portugal and then last but not least Spain.

irishtimes.com/business/markets/equities/italian-bank-investors-vote-for-3-9bn-bailout-1.966864
SeanBM 35 | 5,808
19 Mar 2013 #60
Italy next, then Portugal and then last but not least Spain.

This will not be a shocker to Irish people who know what their government is cappable of but they had this to say:

The Irish Government welcomed the agreement, describing it as a "positive development for Cyprus, the euro zone as a whole, and Ireland ".

If this were to happen in the PIIGS countries in the E.U., would it not be the end of our European banking system?

It'd take generations for people to trust banks ever again, wouldn't it?


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