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Author Topic: Spain Taxing Bank Accounts!  (Read 751 times)

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Offline tdrev123

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Spain Taxing Bank Accounts!
« on: June 26, 2014, 09:59:41 PM »
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  • http://www.zerohedge.com/news/2014-06-26/nirp-strikes-spain-create-tax-bank-deposits

    Spain has started taxing bank accounts, reported just hours ago.


    Offline Croix de Fer

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    Spain Taxing Bank Accounts!
    « Reply #1 on: June 26, 2014, 10:11:15 PM »
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  • Sounds like bail-ins either way you cut it.
    Blessed be the Lord my God, who teacheth my hands to fight, and my fingers to war. ~ Psalms 143:1 (Douay-Rheims)


    Offline poche

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    Spain Taxing Bank Accounts!
    « Reply #2 on: June 26, 2014, 11:53:33 PM »
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  • Sounds like the mattress is a good place to hide your money in Spain.

    Offline tdrev123

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    Spain Taxing Bank Accounts!
    « Reply #3 on: June 27, 2014, 01:11:19 AM »
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  • O Francisco Franco, where art thou?

    Offline marasmius

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    Spain Taxing Bank Accounts!
    « Reply #4 on: June 27, 2014, 04:00:30 AM »
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  • Hiding your money under the mattress won't work in an increasingly cashless society. I can't pay my monthly internet bill with cash because my internet provider insists on a monthly direct debit from my bank. When I bought my computer on eBay the seller wouldn't accept cash and I had to use PayPal.

    When the totally cashless society arrives the scenario is set for the Mark of the Beast mentioned in the book of Revelation.

    “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Revelation 13:16-17


    Online Nadir

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    Spain Taxing Bank Accounts!
    « Reply #5 on: June 27, 2014, 05:56:02 AM »
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  • Yes, hiding money is not a good idea, Before the war my grandfather-in-law buried his in a container in the garden. When he dug it up after the war, it was totally worthless. Not worth the trouble of burying it.
    Help of Christians, guard our land from assault or inward stain,
    Let it be what God has planned, His new Eden where You reign.

    Offline ggreg

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    Spain Taxing Bank Accounts!
    « Reply #6 on: June 27, 2014, 08:11:10 AM »
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  • One solution to this is to share assets within a large trusted clan.  In other words at any given time nobody has any significant amount of money that can be taxed or targetted.  However, they can borrow a lawnmower or get any favour responded to by someone in the clan.  People with a small windfall can share it out in the clan, maybe buying a useful tool or investing in a vegetable plot, if they are interested in gardening.  In otherwords everyone in the clan sinks their wealth into productive assets, training and skills and then shares those with the clan.

    I, for example, know how to fix washing machines, cars and virtually anything mechanical or electrical.  Recently I took apart a light switch and fixed that.  Six months ago I stripped down a washing machine and replaced the main bearing.  That skill can be taught to others in the clan.  Women can offer childcare as whether they are looking after 2 children or 4 makes little difference.

    I fix neighbours DVDs saving them £30 on a new one, but moreover saving them the hassle of installing and learning a new one.  I share entire libraries of high quality TV and video media which is appreciated in these days when the TV is total and utter garbage.  My neighbor who is 80 years old and a brilliant gardener makes us two large hanging baskets every Christmas which stay looking great for 8 months, January to August.  I would pay at least $40 each for them as they are huge and packed with different plants.  Before tax I would need to earn $120 to pay for them.

    So for him saving $50, I gain $120 and .gov and the banks get nothing at all.  And that is just one transaction.  Yesterday we were given a pair of Nike Running shoes for a small child which were worth at least $35.  In turn I will give back a free running lesson (= child care) to this woman's daughter for 1.5 hours while I am training my kids.

    If I pay a business for childcare, or buy the running shoes a significant amount of money goes to taxes, business rates, salaries etc.  Little of which directly benefits the clan and none of which goes to sustaining the value of the clan.

    Small families and extended families who don't get along with each other are losing out on this economic bonus which can be very significant.

    What people need to do is "clan up" and begin trusting neighbors and friends again and swapping and sharing favours and contacts, skills and capital.  As individuals, our slavemasters have got us by the short and curlies.  But as clans it is almost impossible for them to tax and enslave people.

    The family is the most natural clan, which is why politicians have attacked it and fostered the breakdown of families.  Once you get a large enough clan it is surprising how little you have to buy.

    eBay is a sort of hybrid where eBay take a smaller tax than the government and banks for arranging the transaction.  I almost NEVER buy anything on the high street any longer.

    Offline JohnGrey

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    Spain Taxing Bank Accounts!
    « Reply #7 on: June 27, 2014, 08:33:27 AM »
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  • Is there anyone familiar with Keynesian economics that really thought they wouldn't introduce negative interest rates on depositor accounts?  Banks are composed of people, and generally a people that are used to a certain standard of living, who are now fighting a losing battle to stay alive and they will stand on the shoulders of anyone to keep from drowning immediately, even if it destroys any chance of survival in the long-term.

    I didn't read the article, but expect introduction of Draconian limits on daily withdrawals to follow very shortly, and for it to start in the US in earnest when the first real negative print for GDP hits, probably at the end of the next quarter.