Debt Moratorium with 1%Tax? The Arctic Mouse that Roared

I object when our leaders claim we the people are obliged to pay debts we never incurred.

On what basis should every man, woman and child be forced to pay ¤20,000 each?

I have heard that we have to pay the British and the Dutch because they are using their strong position to stop our loan from the IMF. I have heard that their MPs were ruthless and rude to our visiting MPs last week in the European Parliament, and had said more than once that if we didn’t pay, we could not join the European Trade Union.

I don’t know about you, respected government and prime minister, but I think the time has come to get out of this bind and seek alternative solutions.

The Movement supports the following ideas for action to bring us out of the economic calamity we are in:

First, we should rid ourselves of the IMF presence in our country using all available means.

The European Union has also been hostile to Iceland in the Icesave debate and hence it would be inadvisable to continue with our membership application at this time.

Secondly, we should initiate measures to control speculative trading, first by placing a 1% “Tobin-tax” on all financial transactions and profits, including derivatives, stocks, currency transactions and commodity speculation.

Additionally, we should halt the repossession of homes and businesses and update our regulatory framework for banks and financial markets.

We are now heading into familiar territory where left and right are positioning themselves in the usual opposing trenches.

Lament is now heard from a familiar corner about how the cutbacks aren’t large enough or that it’s unfair to tax more those who can afford to pay more.

We have often heard we need to get around this left-right paradox that places people in opposing camps.

It has never been more important than right now to lift the discussion on a higher plane than the trench warfare of obsolete values.

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This entry was posted on Friday, October 23rd, 2009 at 6:02 pm and is filed under Financial Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

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