The Forum > General Discussion > How Are These Immigrants Contributing To Australia?
How Are These Immigrants Contributing To Australia?
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Posted by Referundemdrivensocienty, Wednesday, 23 August 2017 6:53:59 PM
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Referundemdrivensocienty Quote "If the govt wanted to, they can create all the money for their own uses out of thin air using the exact same meathod the banks use."
Government can do this create money out of nothing BUT the banks do not they create money from the promise (or contract) of an entity they are giving the money to to pay it back usually with interest. Posted by Philip S, Wednesday, 23 August 2017 10:04:50 PM
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Foxy
Person in burqa 'robs fast food store in Melbourne’s east' A person wearing a burqa has allegedly robbed a fast-food outlet in Melbourne's east, police say. Officers were called to the store on Main Street in Croydon just after 5.30pm on Saturday and have since charged a 38-year-old man and are questioning a 21-year-old woman. Police said the person who allegedly robbed the store was wearing a head covering similar to a niqab or burqa. The pair have been charged with three other armed robberies. They allegedly robbed a fast-food outlet and a service station in Morwell and a Traralgon business on Monday. The Narre Warren woman is assisting police with enquiries. The Frankston man was charged with armed robbery and other related offences over Saturday's incident and will appear at the Melbourne Magistrates’ Court on Friday. http://au.news.yahoo.com/vic/a/36811469/melbourne-woman-burqa-allegedly-robs-fast-food-store/ Posted by Philip S, Wednesday, 23 August 2017 10:09:40 PM
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Referundemdrivensocienty,
Technically that's wrong. Governments do rely on tax for social security; just not in the way most people think. Currency issuing governments can indeed create money out of thin air. But that's no substitute for taxation. Taxation is needed to give the money value. If the government creates money but does not have an effective taxation system then even with a floating currency there's a danger of hyperinflation. ____________________________________________________________________________________ runner, She may have done, but it's hardly an original idea. ISTR something similar happening on an episode of Due South. ____________________________________________________________________________________ I'd rather avoid creating a problem than react to one. Unfortunately to most of the (few) women who wear burqas it is a sign of religion. It's sad, but banning burqas won't change their opinion. A burqa ban won't improve their social life at all - indeed it's far more likely to make them hikikomori. This is Australia - everyone should be free to wear what they want to. Posted by Aidan, Thursday, 24 August 2017 1:50:34 AM
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Lets get this very very clear.
If the govt wanted to, they can create all the money for their own uses out of thin air using the exact same meathod the banks use. Tax is used to hide the fact that the banks wont permit the Aus, govt to create the money it needs.
Reda, The Remarkable Model Of The Commonwealth Bank Of Australia by Ellen Brown,
In 1937 there was a royal commission into banking in Australia. The head of which said at the end of the enquiry:
"The Commonwealth Bank can make money available to Governments or to others on such terms as it chooses - even by way of a loan without interest, or even without requiring either interest or repayment of the principal."
There was no tax regieme in Australia until WWII when a one off tax was introduced to fund the Aus contribution to WWII.
Get this through your heads people.