Why pay tax?

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scooterscot replied

11 April 2020, 20:43
It was my impression taxes are supposedly necessary to create public services. But since the country is abandoning the model... why pay taxes?
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GJABS replied

11 April 2020, 20:38
Originally posted by scooterscot View Post

If the BoE can print billions on a whim why bother paying tax? Discuss....

Taxes are necessary to create demand in the economy for the currency (the pound), thereby giving the latter value.
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BR14 replied

11 April 2020, 19:47
Originally posted by LondonManc View Post

Must have been a long queue in the sun if Scooty's having to create members to agree with him.

maybe he's got his lederhosen in a twist?
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LondonManc replied

11 April 2020, 19:41
Originally posted by BR14 View Post

3.

Must have been a long queue in the sun if Scooty's having to create members to agree with him.
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BR14 replied

11 April 2020, 19:18
Originally posted by KoolAccountsDotNet View Post

The banks are bust.

3.
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KoolAccountsDotNet replied

11 April 2020, 19:15
Originally posted by scooterscot View Post

Seems to be working out okay for the bankers.

The banks are bust.
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scooterscot replied

11 April 2020, 10:45
Originally posted by Mordac View Post

It's quite a good 'prison avoidance scheme'?

Seems to be working out okay for the bankers.
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Andy2 replied

11 April 2020, 09:55
very soon the incomes of the governments worldwide will not be able to pay for their expenses
The only option will be to run printing presses 24x7
PS- Buy Gold
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GigiBronz replied

11 April 2020, 09:14
Originally posted by Lance View Post

To make sure that everyone continues to work. Debt is the main driver of that, tax just makes it harder to get out of debt.

If everyone stopped working the elite would no longer be elite.

I’ll get my tin foil hat....

In this period, it is becoming more and more obvious.
And the establishment it is doing everything it can to maintain confidence and hide that.

As for the tin foil hat... there are some good recipes for fish with vegetables, in foil. Make good use of it.
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Lance replied

11 April 2020, 08:22
To make sure that everyone continues to work. Debt is the main driver of that, tax just makes it harder to get out of debt.

If everyone stopped working the elite would no longer be elite.

I’ll get my tin foil hat....
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Mordac replied

11 April 2020, 07:55
Originally posted by scooterscot View Post

If the BoE can print billions on a whim why bother paying tax? Discuss....

It's quite a good 'prison avoidance scheme'?
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KoolAccountsDotNet replied

11 April 2020, 06:19
Originally posted by scooterscot View Post

why bother paying tax?

Because if you do not you will have your assets confiscated and/or end up in prison.

Printing currency dilutes the value of the currency. It acts as an invisible tax taking value from savings and reducing the value of debts. Bankers like it as it encourages extra borrowing.

We could be heading for hyperinflation where trust in the currency is undermined and there is a scramble to convert cash into goods. Then we get a reset.

YouTube
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scooterscot started a topic Why pay tax?

10 April 2020, 21:23
Why pay tax?

If the BoE can print billions on a whim why bother paying tax? Discuss....
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