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sabrina 1

(62,325 posts)
27. Who said anything about the German people contributing their tax money to prop up the system?
Sun May 20, 2012, 09:15 PM
May 2012

I am for nationalizing all the corrupt banks, refusing, as Iceland did, to bail them out, start investigations and prosecutions, retrieve whatever money that can be retrieved and throw out (and prosecute, again as Iceland did) any politicians who facilitated the corruption that led to the meltdown.

Then tax the wealthy and make sure they pay, no more hiding their money in offshore accounts while using the benefits of their respective countries.

Why should any of the people, German or otherwise, have to pay the debts racked up by Wall Street gamblers? Because that is what Austerity means, make the people pay the gambling debts of Wall Street Gamblers, both by cutting their salaries, eliminating their social service programs, and sending jobs to third world countries where virtual slave labor ensures even bigger profits for the greedy corporations.

Then pass laws that any Corp based in any country, doing business in third world countries, must abide by the labor laws, including paying a livable wage to workers, of their countries of origin. Eliminate tax breaks for Corps who utilize child labor etc.

Mostly, as quickly as possible, reinstate regulations that will prevent this from happening again.

It will be tough for a while, as it was in Iceland, but theirs is the only economy now on the rebound. That should tell us something. But to continue to make the people of Spain, Greece, Ireland, Portugal, Italy and yes, Germany, pay the debts of crooked gamblers was an insane idea from the beginning, and the results are in. As predicted, it only made things worse. Jobs must be the first priority of any government now, without jobs, with only 'Austerity', if it is bad now, it is going to get way, way worse.

Here's an example of a move in the right direction from Germany, though: German pay deal offers euro Ghost Dog May 2012 #1
BTW, here's a reminder of how this all started (ca. 2008) Ghost Dog May 2012 #2
When do they have elections in Germany? sabrina 1 May 2012 #3
Fall 2013, by the looks of it: Ghost Dog May 2012 #7
Don't be too harsh on the not guaranteeing peace remark DFW May 2012 #20
Yes, I understand that. sabrina 1 May 2012 #22
I'd have to reserve judgment until I saw the original text DFW May 2012 #37
Well, you have a point. sabrina 1 May 2012 #46
Greece needs to give back the money or take it's medicine. The EU needs more central power over RB TexLa May 2012 #4
I partially agree... Neue Regel May 2012 #6
I think the concept of national sovereignty belongs in the ashbin of history RB TexLa May 2012 #8
Ojalá. Ghost Dog May 2012 #12
You mean the Bankers have to give back the money, I'm sure. sabrina 1 May 2012 #13
Good thing you are not in charge of anything. girl gone mad May 2012 #14
You think they should be able to take the bailout and be able to run up debt RB TexLa May 2012 #30
I disagree Neue Regel May 2012 #5
German workers should receive higher wages and pay higher prices for consumer goods Ghost Dog May 2012 #9
WTF???? On what do you think the Greeks were spending those Euros? Hint, it wasn't coalition_unwilling May 2012 #10
German (and other) banks and such "invested" (speculated) heavily in Spain's Ghost Dog May 2012 #11
I thought that it was the British banks that led the financing of the Spanish real estate boom? FarCenter May 2012 #31
Of course. Ghost Dog May 2012 #33
Just to make sure I understand you... Neue Regel May 2012 #24
The money doesn't go to the people. Where do you think all these bailouts are going? sabrina 1 May 2012 #25
Okay then Neue Regel May 2012 #26
Who said anything about the German people contributing their tax money to prop up the system? sabrina 1 May 2012 #27
The person to whom I replied did Neue Regel May 2012 #29
Well I don't think there is any doubt about the trade deficit. sabrina 1 May 2012 #45
I do believe you are preaching to the choir Neue Regel May 2012 #43
Bingo. Ghost Dog May 2012 #47
You have exactly construed my meaning - Greek consumers and coalition_unwilling May 2012 #39
I understamd the concept of selling to other markets Neue Regel May 2012 #42
I would agree with you IF you had just said that the Greeks need to increase taxes on those who jwirr May 2012 #18
I wondered how long it would be before the old 'blame the victims' meme would show up. sabrina 1 May 2012 #23
Greece doesn't have to cut social services Neue Regel May 2012 #44
Germany is in the wrong . . . for providing all this money others have demanded of them 4th law of robotics May 2012 #15
It was the other way round. Really. Ghost Dog May 2012 #17
The eurozone has the wrong membership FarCenter May 2012 #16
Well, for a while there I was strongly of the opinion Ghost Dog May 2012 #19
The EU itself is a fundamentally misguided idea that flies in the face of historical trends. FarCenter May 2012 #28
The greatest anachronism is of course Ghost Dog May 2012 #32
There are several candidates for breakup FarCenter May 2012 #38
The Euro zone should never have included countries with cooked books and huge deficits DFW May 2012 #21
Seems to me both the Germans and Greeks should be going after Josef Ackermann from Deutsche Bank suffragette May 2012 #34
Ackerman is one nasty character, for sure DFW May 2012 #35
Far as I can tell, he's still in charge at IIF suffragette May 2012 #41
You're right. Germany should fuck off out of the EU Ghost Dog May 2012 #36
Germany would leave the EU and NATO before getting into ANY war DFW May 2012 #40
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