Comments on: Tavakoli on a windfall profits tax

By: just george

just george — Wed, 21 Oct 2009 03:26:06 +0000

asking a corrupt government to please impose a tax on the banksters who own them is a bit like asking a rabid dog to please not bite you.

that money isnt coming back without a revolution. only when the power structure changes, and the banksters no longer own the biggest gun in the land, will they be compelled to do anything different.

By: Michael S Harris

Michael S Harris — Wed, 21 Oct 2009 01:31:56 +0000

MAX KEISER for president of the USA.

By: Dante

Dante — Wed, 21 Oct 2009 01:24:01 +0000

A Goldman Sachs International adviser defended compensation in the finance industry as his company plans a near-record year for pay, saying the spending will help boost the economy.

“We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all,” Brian Griffiths, who was a special adviser to former British Prime Minister Margaret Thatcher, said yesterday at a panel discussion hosted by St. Paul’s Cathedral in London. The panel’s discussion topic was, “What is the price of morality in the marketplace?”

Goldman Sachs’s Griffiths Says Pay ‘Inequality’ Helps Everyone

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8upOpH5Q3Tw

Some Goldman main lobby music to read article with:

http://www.youtube.com/watch?v=n2qA2fXMJ9Y&feature=related

By: Andre

Andre — Tue, 20 Oct 2009 23:39:44 +0000

Why anyone would want to allow gunvernments to impose taxes on anything is beyond me. These excess profits exist because of the immoral central banking system, creating fiat money through the fractional reserve system, enabled by governmental force.

The application of force against an individual without his consent is immoral.

Taxes, subsidies, cheap funding should be removed, as should government as a concept. Go to http://www.mises.org and http://www.lewrockwell.com to find out more. Or, in case you can read Dutch, go to http://www.vrijspreker.nl

By: Dustin

Dustin — Tue, 20 Oct 2009 23:25:15 +0000

this on first read seems like a good thing, so whats the catch merve

http://news.bbc.co.uk/1/hi/business/8317200.stm

By: Mike waaaay out in Kansas

Mike waaaay out in Kansas — Tue, 20 Oct 2009 22:08:42 +0000

Local public owned groups, credit unions and banks put the lid there. Goldman Sachs, all those mega-monsters allowed to grow over the last hundred years or so without accountability (except by other crooks) should be tarred and feathered (pity the hens) and jailed! Here’s an idea by Ellen Brown:

http://www.yesmagazine.org/new-economy/reviving-the-local-economy-with-publicly-owned-banks

By: Canada/JK

Canada/JK — Tue, 20 Oct 2009 21:20:38 +0000

US taxpayers’ contributions (transfer of wealth) to the ‘Oracle of Omaha’:

http://blogs.reuters.com/rolfe-winkler/files/2009/08/buffett-bailout2.jpg

By: Zach OBrien

Zach OBrien — Tue, 20 Oct 2009 21:02:48 +0000

We should just hang anyone profiting at our expense. Why let a thief run away with 5% of what he stole?

By: Daniel S

Daniel S — Tue, 20 Oct 2009 20:57:29 +0000

Under the category of WTF?!

Adam Storch, who previously worked “in a unit at Goldman Sachs that reviewed contracts and transactions for signs of fraud” (their Business Intelligence Unit) has been hired as the Chief Operating Officer/Managing Executive of the SEC’s enforcement division.

http://www.huffingtonpost.com/2009/10/16/adam-storch-sec-hires-exg_n_323526.html

http://www.bloomberg.com/apps/news?pid=20601087&sid=a6ItnK32Cl6Y

By: frances snoot

frances snoot — Tue, 20 Oct 2009 20:43:18 +0000

@Canada/JK:
YES!

By: Canada/JK

Canada/JK — Tue, 20 Oct 2009 20:23:33 +0000

If the big hero Mr. Buffett hadn’t been bailed out by honest, decent US taxpayers, to the tune of billions of dollars, in a number of his holdings – Wells Fargo, GE Capital, GS to name a few – he would be bankrupt.

What a sick joke that he is hailed as the ‘Oracle of Omaha’.
He makes me puke.

By: Rian Orr

Rian Orr — Tue, 20 Oct 2009 19:57:08 +0000

@ Danny

To my knowledge the tobin tax was a proposed tax on currency speculation trades, it was set at a miniscule level but the volumn of trade meant it would probably collect a lot of money.

I personally think it is a bad joke. If the activity is fundamentally damaging to society then taxing an anti social activity is in fact condoning it. We don’t say tax paedophiles and give the revenue to childrens charities. We say stop or we will arrest try and if guilty incarcerate.

Why not do this with the bankers/speculators.

By: Viriathus

Viriathus — Tue, 20 Oct 2009 19:28:33 +0000

If by we you mean Americans, forget it. I’ve never seen or even read about such a pack of feckless, spineless cowards and dupes. They make the citizens of the late Roman Empire look dynamic.

It’s up to the developing world now. At least they understand who the real enemy is.

By: buddhabob

buddhabob — Tue, 20 Oct 2009 15:52:56 +0000

Without a mass challenge to the power base of corruption in Washington this is incredibly naive. First you need a mass movement, then it needs to get marginalized in the whore press,then it needs to be feared, then and only then do you get your change.

Hopey McChange is on the other side. He and his buddy Rahm will be guaging who is up and who is down much like a couple of judges at a Cannes Film Festival. When it becomes apparent to Hopey that he should finally jump in and lead, at the very end he will coat tail the operation.