Taxes and the Economy
Day 1,227, 04:33
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Published in Canada 
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by
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by Philip Delle Palme
Ladies and gentlemen of the jury, I draw your attention to exhibit: A
This is the state we found the victim in when we arrived on the scene. As you can see the CAD has been beaten beyond belief. Why did this happen? How did it happen? I am no expert in the area but I will tell you one thing. Something is going to be done about it. For weeks now we have heard citizens demand action on the governments behalf and now at least an attempt is being made and talks have begun. It isn't fixed but things will be moving along. Of that the people have my word.
In closing I leave you with this to consider. Bringing something from this:
To This:
Can only be done by reading and contributing to this
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Comments
First off, admin's fire sale on upgrades the past few days has contributed the most to this weakening of the CAD. You simply can't defend against this sort of massive change quickly enough.
Other countries have weaker currencies than our, we seem to be ahead of the curve on a global scale but our CAD is still weak, and still below what we are accustomed to.
which is exactly why I am ticked about it. yes there are curve balls but we were on this path long before the admins sale was even an idea.
Actually we were at a pretty stable rate between 85 and 100 CAD per gold for a couple of weeks, this push on company upgrades by the admins is the only thing that really pushed it over the edge.
If you believe we are ever going to return to the days of 0.030 or 30-40 CAD gold you are more than likely mistaken regardless of what the government does. That will rely solely on the admins who are the ones who broke what we had and without fundamental changes on their part, are the only ones whom can return it.
Also, if you had directed your eyes to Closed Door congress you will find there has been an ongoing discussion on the VAT rate for more than a week.
Simply the Vat tax idea failed....let's lower it....increase incoxe slightly and raise import taxes. Congress has sat idle for far too long.
Our high VAT might be part of the problem. Since the MM got capped to where you can only buy 10 gold per day, speculating, trade and movement of wealth is done by buying and selling products in the various global markets. The VAT places a high transaction cost on our finished goods so unless our producers discount their goods cover the VAT, traders won't touch our food, houses and weapons (ever noticed that they often sell for the market price of the raws or less after the government gets their VAT cut?). Low demand for our products means low demand for CAD to buy them.
Just food for thought. Other arguments aside that made the VAT a good idea, with the MM cap it now may be that the VAT is doing more damage than good.
Until the CAD gets fixed, don't pay $150 CAD for your gold. Spend your excess CAD on grain or stone and sell it in a market like the US with a low import tax and then buy your gold with their stronger currency.
The best way to raise the value of the CAD is to hike taxes to 25% across the board and suck all the excess CAD our of the economy. As the quantity of money declines, its value will increase. Coupled with a decline of prices in the marketplace.
But in all honesty, the CAD/Gold exchange rate means nothing. The real factor people need to focus on is the Purchasing Power Parity of the CAD against other currencies.
We don't control the economy anymore.
The economy is now nothing more then a figment of our imagination
"The best way to raise the value of the CAD is to hike taxes to 25% across the board and suck all the excess CAD our of the economy."
Okay, but then the next step will be to secure and sequester it. Sorta like a Carbon Sink, except instead of sinking CO2 into the ground, we bury CAD into it.
Capture CAD, invest it into the land of a player who can be trusted to burn/bury it all and never use it to make companies.
The problem is that we keep releasing all our CAD emissions via theft.
Donate all the money to dead players