Review of Moneyland by Oliver Bullough (2018)
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Review of Moneyland by Oliver Bullough (2018)
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Re: Review of Moneyland by Oliver Bullough (2018)
#2It is ironic that Britain is already close to a tax-heaven than they admit.
Re: Review of Moneyland by Oliver Bullough (2018)
#3Imagine if instead of constantly building horrific low-income housing projects to (fruitlessly) retroactively "solve" the problem of middle and lower-class people being unable to afford housing in major metropolitan areas, we didn't poison the market in the first place by treating housing as foreign investment vehicles.
Re: Review of Moneyland by Oliver Bullough (2018)
#4This article is painting mobility as a bad thing, but it also has a good side. China's capital controls are a big part of how it oppresses people: if they could just leave, China would have no ability to make itself into a productive dystopia. The ideal situation would be if countries had to compete for everyone's presence, but as it stands limitations on mobility mean that only the very powerful can leap over the boundaries and have countries compete for them.
Re: Review of Moneyland by Oliver Bullough (2018)
#5Imagine if instead of constantly building horrific low-income housing projects to (fruitlessly) retroactively "solve" the problem of middle and lower-class people being unable to afford housing in major metropolitan areas, we didn't poison the market in the first place by treating housing as foreign investment vehicles.
Yeah. I am in favor of a high tax on absentee ownership of real estate. Deduct the property where you live and where you work. Everything else gets taxed heavily.
Re: Review of Moneyland by Oliver Bullough (2018)
#6This article is painting mobility as a bad thing, but it also has a good side. China's capital controls are a big part of how it oppresses people: if they could just leave, China would have no ability to make itself into a productive dystopia. The ideal situation would be if countries had to compete for everyone's presence, but as it stands limitations on mobility mean that only the very powerful can leap over the bo…
Mobility is great but when on .001% of the entire global population gets to do it, and they get to do it much easier than anyone else would have (sometime skirting laws and requirements that normal people would).
The rich and elite get special treatment, when they should not. It leads to more unfair conditions.
Re: Review of Moneyland by Oliver Bullough (2018)
#7[deleted]
Re: Review of Moneyland by Oliver Bullough (2018)
#8It is ironic that Britain is already close to a tax-heaven than they admit.
The Channel Islands, Gibraltar and the Isle Of Man I believe are constantly being used for the purpose of tax evasion, money laundering etc... that’s what frightens me about Brexit - I think the hard Brexiteers actually want to make this easier, not harder.
I.e. I met a software guy from Sachs who told me about what he did there. Essentially he built automated software to flag “suspicious transactions”. So ie if 200 million came in from he Faroe Islands the software would flag it as “possibly” an unlawful transfer. It made sure the books were “kosher”.
So I asked him
Me: oh ok, so then the software blocked those transactions?
Him: no.
Me: Well did it flag them so they would investigate it?
Him: no.
Me: What did it do then?
Him: It just flagged them.
Me: just flagged them? ... so what did it do? What was it for?
Him: It was designed so when the Sachs managing team are called to court they can say “oh yeah we’re very sorry our software flagged that as a suspicious activity. We’re really sorry, won’t happen again”. And then they’ll get a 200 million fine on a 3 billion operation. By law they don’t have to do anything else, so they don’t.
Re: Review of Moneyland by Oliver Bullough (2018)
#9Tip of a giant iceberg. America's political class is corrupt to its very core and the biggest mouths are the biggest offenders. Most every US Senator got rich while being...a Senator, hmm. Insider trading is legal for them!
Then you have to factor in the intelligence agencies and the long con those groups have been running for decades now.
We the people need to stop and think about the heavy tax load (extracted at gunpoint) and consider slowing it down, or at least forcing greater accountability. We are ultimately the ones funding this growing worldwide nightmare. Every Democrat running for President wants to raise taxes, expand the government, and basically wither away our civil rights.
The city of Baltimore took in $16Billion in Federal money over a short couple year (?) period and nobody quite knows where all that money went. I'd like my refund check on that, please.
Bunch of crooked assholes in government, basically the mob.
Re: Review of Moneyland by Oliver Bullough (2018)
#10This article is painting mobility as a bad thing, but it also has a good side. China's capital controls are a big part of how it oppresses people: if they could just leave, China would have no ability to make itself into a productive dystopia. The ideal situation would be if countries had to compete for everyone's presence, but as it stands limitations on mobility mean that only the very powerful can leap over the bo…
Mobility is great but when on .001% of the entire global population gets to do it, and they get to do it much easier than anyone else would have (sometime skirting laws and requirements that normal people would). The rich and elite get special treatment, when they should not. It leads to more unfair conditions.
The question should be, how can we give the average person the freedoms that the elites have, not how can we enslave the Chinese elites in the way we've enslaved the average Chinese person.