Re: Is there an (objective) definition of wealth?

From: Johnny 5 (johnny5_at_yahoo.com)
Date: 07/20/04 

Date: Tue, 20 Jul 2004 20:16:13 GMT

royls@telus.net wrote in news:40fd631d.4517292@news.telus.net:

>>> We don't have any slave owners now.
>>
>>Yes we do, and BUsh just told me in Tampa we have 17,000 slaves right
>>here in America, but I went to el paso and alberquerque and I think
>>his numbers are too low.
>
> They are kidnap and extortion and unlawful confinement victims, not
> slaves.

We kidnapped and unlawfully confined Kunte Kinte in ROOTS didn't we?

>They are legally crime victims, not property.

Legally or not, they are SLAVES right here in our backyard. But I
understand what you mean, we have OUTLAWED it.

>>> Incomprehensible.
>>
>>You need to go into walmart ROY L, and look at all the poor cashiers
>>working their now, RFID is gonna obsolete that slave - take a picture
>>- 2 years from now walmart will have STOCKERS but the cashiers wont be
>>the number they are today. When the robots get good enough to stock,
>>wont need the stockers either.
>
> So?

You said it was incomprehensible, I was trying to point out a real world
example where the robots are about to replace REAL people in walmart.

>>> By a secret, complicated method you cannot possibly understand:
>>> looking at whether they have land or not.
>>
>>People who dont pay property taxes have no land, people that do pay
>>taxes that pay for the gubbment, have land, problem solved.
>
> Property taxes pay for very little of government,

You wouldn't know it in my county, the property taxes EAT my ass up. One
of my major expenses that goes up every year and I don't use the new 24
hour heated community pool they are wanting to build with new property
tax money.

 but the economy,
> quality of life, etc. tend to be better where property taxes pay for
> the largest fractions of government, and worse where they pay for less
> of government.

Ok I see what all this LVT arguement has been about then, but see I am
not a worker needing to pay on a big house and big car and all those
other luxury items so FICA and INCOME TAX are not a large expense for me,
but my PROPERTY tax - WHEW! In my group of friend Roy, the ones that are
working 40-80 hours a week or more is because they have all these LUXURY
items to keep up with the joneses - so the way I see it they are being
TAXED for wanting all these nice TOYS, me, I have very modest TOYS and
PROPERTY tax is a major expense for me, not fica or income of which I
have very little - so in that regard, the RICH buyers of TOYS are the
ones getting taxed - not necessarily the poor productive people. SO how
does LVT help me - the library worker that educates and helps poor kids
in the library usually as a volunteer and hurt those WASTEFUL people
going to the casino in new SUV lincoln navigators eating 50 dollar steak
dinners that they work 80 hours a week to afford?

>>In waycross - NOBODY, land does not pay tax, people pay tax.
>
> That's one problem: if you tax improvements as well as (or instead of)
> land, and the tax exceeds the land rent as a result of changes in
> local conditions that are not reflected in assessments, the property
> tax can become very damaging.

In my old town the assessments were ILLEGALLY calculated, much more than
what the open market would bear, I tried to get a lawyer to fight this
corruption and get the tax appraisals brought down to fair market value
but the lawyer was related to the tax appraiser and to the judge like
everyone else, I gave up, stay away from small south georgia towns where
inbreeding is still a practiced form of reproduction. I went to the
century 21 agent to see what similar pieces of land and property had sold
for in the past 3 years, about 30% cheaper than what my properties were
assessed at - I said how do I fix this at city hall - the agent laughed
at me and said that is my sister in law - you don't :-( See there is a
scheme going in that town with ALL the people connected to land - the tax
appraiser puts too high a value on it, the bank officer loans the money
on this too high value, the insurance man sells a higher insurance policy
on this too high a value - etc etc - to make a long story short they
werent just ROBBING the individual land lords like me, they broke one of
the local branches of first union bank stealing in this way - the bank
officer made HUGE loans for land that was not worth very much because of
FAULTY appraisals at the tax office (his nephew or some other relative -
I dont remember) and one of the lawyers and a couple city officials got
arrested - but they are all buddies and family there - they were out in a
few months doing thier dirty tricks in other businesses attached to this
town wide scam. I assume this kind of trickery goes on in most places
cause once I moved there and here to the Tampa area the local HUD
director and a few of his people got arrested for similar trickery.

Some people paid these higher prices on these inflated assessment values
from the tax office without checking the sales of similar properties -
but see how that has a multiplying effect on the houses - creating a
bubble, that inflated purchase on corruption assessments will make the
next person think HEY - its worth the 300K he paid for it, even though
just 1 year earlier it sold for only 100K, so they pay 320K and the
person after him may pay 400K, all the while each year the tax assessor
was inflating prices 30 - 400% of what the previous years market sales
had been. It was such a mess when the investigators came in it involved
so many people they just couldn't arrest them all, its like an ever
increasing stock price where the MM's and crooks keep inflating prices
doing a classic pump and dump on suckers only with land. There was no
REAL DEMAND driving the prices up to those astronomical levels, I had
owned property there for a few years and they kept going up 30-50% on my
tax assessments even though I couldn't find any buyers to pay ANYWHERE
NEAR what they were assessing my property - I had to get out from under
it, that particular town was BREAKING ME. It made a lot of people rich
that were part of the scam.

>>I see no way you can prevent the corruption already
>>established in my old town with anything you propose.
>
> Corruption feeds on institutionalized injustice. Remove the
> opportunity for unearned land rent income, and the corruption that
> depends on it goes away.

You have to stop the supply of successively greater fools if you want to
stop bubbles. Even Newton got sucked into the South Sea Bubble and he
was the father of mathematics.

Newton - “I have learned to predict the movement of celestial bodies but
not the movement of man in markets.”

I would not consider Newton a FOOL, but the EVIL trickster that lured him
in had a serpent tongue twice as sharp as what satan tried to use on
Jesus in the desert.

>>As the USERS die or move away, you need to let
>>the local gubbment die - excessive gubbment killed rome - according to
>>the CATO boys.
>
> They got it wrong. It was not taxing the lands of the rich that
> killed Rome, no doubt about it.

Look at the underlying fundamentals though, why DIDNT they tax the lands
of the rich, because the RICH are always gonna have the best smartest
people to BEAT the taxes - the best crooks, same way me and other people
got lured into the spiders web in south georgia and newton into the south
seas - the TRICKSTERS are VERY GOOD. So identifying that as a problem,
that the TRICKSTERS will always be one step ahead of your TAXING bodies -
the mafia man one step ahead of your keystone cops and kaiser soze one
step ahead of your agent kujan - you have to find a new solution to that
problem or we will face the same fate as Rome, and our rich smarties will
find very convulated distorted and hidden loopholes that you won't even
think to check in your wildest dreams. You have to come up with an
innovative way to solve the CORRUPTION problem, and people are very GOOD
at getting around your LIMITS to thier freedom to make Profit, Quark was
always beating ODO on deep space 9 and ODO had the entire forces and
technology of the federation on his side.

Ferengi Rules of Acquisition : Rule 020 » Only give money to people you
know you can steal from.

The bank officer gave me money, and I got ROBBED :(

>>450 a month, too bad you need 650 a month as a landlord to be
>>profitable in that city.
>
> I would suggest you look at the rented properties in that city and see
> what those landlords are doing right that you did wrong.

The ones that are making money are the brothers and sisters and fathers
and sons of the roofers and plumbers and landscapers - IE they got FAMILY
to do thier work for FREE or cheap and I had to pay MUCHO dollars because
there was little competition in the service workers - I didn't have the
right connections.

Rule 027 » There's nothing more dangerous than an honest businessman. 

-- 
Government policy in interest rates, and on finance generally, has been 
marked by vacillation, wishful thinking, electoral expediency of the most 
shameful type towards the end of last year, contortions and 
contradictions, all to accommodate the redneck economics of the National 
Country Party. (Harsard Aug.27 1981)

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