Power to tax an asset? People have the power to not pay or avoid taxes. Smokes are expensive in Jersey or New York so people smuggle cheap smokes in and upwards of 50% of all smokes sold in NY I believe are illegal, one of the northeast states. Greece taxes and people avoid it. Corporations are taxed and many figure out ways to avoid it. http://www.taxjustice.net/cms/upload/pdf/Price_of_Offshore_Revisited_120722.pdf Here is $32 trillion hidden by wealthy who avoided taxes. Unless the government imposes some sort of financial tax such as 1% on every transfer and purchase I don't see it ending.
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US blows through $18,000,000,000,000 debt limit, raised 100++ times since 1917, no worries though...
- Thread starter S2007S
- Start date
It's very simple... How many aircraft carriers does the United States have commissioned currently? More than the rest of the world combined...
'Nuff said.
'Nuff said.
Power to tax an asset? People have the power to not pay or avoid taxes. Smokes are expensive in Jersey or New York so people smuggle cheap smokes in and upwards of 50% of all smokes sold in NY I believe are illegal, one of the northeast states. Greece taxes and people avoid it. Corporations are taxed and many figure out ways to avoid it. http://www.taxjustice.net/cms/upload/pdf/Price_of_Offshore_Revisited_120722.pdf Here is $32 trillion hidden by wealthy who avoided taxes. Unless the government imposes some sort of financial tax such as 1% on every transfer and purchase I don't see it ending.
Strongly disagree, your US tax authorities are very powerful and strict. On the whole, they collect what is due.
Hi Visaria, I recall the geologic dept did a survey n guesstimated how much USA worth. Green River Shale was worth $60 trillion, which is a single asset that dems n reps both locked up at the urging of corps. http://beforeitsnews.com/opinion-co...-the-green-river-formation-worth-2147997.html Alaska has Pebble Mine worth $500 billion but EPA is limiting them because environmental concerns. http://www.pbs.org/wgbh/pages/front...ep-to-restrict-pebble-mine-project-in-alaska/ Perhaps when we're desperate we will tap such assets.
So if you have this one asset valued at 60 trillion, and of course you have plenty of other assets, (maybe the total is 200-300 trillion?), so why worry about a mere 18 trillion debt?
I haven't even mentioned the 'asset' of being able to print money to pay off dollar debts.
How much is the land worth that Greece sits under?So if you have this one asset valued at 60 trillion, and of course you have plenty of other assets, (maybe the total is 200-300 trillion?), so why worry about a mere 18 trillion debt?
I haven't even mentioned the 'asset' of being able to print money to pay off dollar debts.