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The two great revolutions of the West: The Reformation & US Independence. The rest of the world

Curly1918 18600 posts Joined:
Posted

remains mired in and clinging to a superstitious tribal past.

The leading proponents of this ancient heritage are the world's communist and Islamic nations.

Both are our enemies and wish us harm... like the barbarians did the Romans at the end of that Empire.

Of course, the Roman Empire suffered from internal decadence.

Perhaps that is our fate as well.

+2 #6004741
  • Level 1

    Once Trump's MAGA movement is defeated and exposed, America will return to its Democracy leading

    TyroneIrish26445 posts

    position in the world and reestablish the alliances that can control political and theological extremism...thus leading to peace and prosperity for all...not unlike what we accomplished after WWII...even in Germany and Japan. We have a History to be Very Proud of...

    Never Give Up.

    0 View Single #6004763
    • Level 2

      Or... we can fall into the European abyss predicted in Yeats' The Second Coming

      Curly1918OP18600 posts

      Turning and turning in the widening gyre
      The falcon cannot hear the falconer;
      Things fall apart; the centre cannot hold;
      Mere anarchy is loosed upon the world,
      The blood-dimmed tide is loosed, and everywhere
      The ceremony of innocence is drowned;
      The best lack all conviction, while the worst
      Are full of passionate intensity …

      Look at Europe today.

      0 View Single #6004769
      • Level 3

        As I've posted earlier, Europe has a financial problem, in large measure due to Wealth Inequality...

        TyroneIrish26445 posts

        and a Malignancy next door in the person of Vladimir Putin who is doing his best to destabilize the region in his quest to re-establish the Soviet Union...not easy to deal with...but if we get our Act together, we can come to the rescue...again.

        Never Give Up!

        0 View Single #6004781
        • Level 4

          Wealth taxes feel good... but just don't work... because...

          Curly1918OP18600 posts
          • Limited Revenue Generation: Historical data and studies, including reports from the OECD, often suggest that wealth taxes generate less revenue than anticipated. This is frequently due to high administration costs, legal loopholes, tax avoidance strategies, and capital flight. France’s ISF, for instance, often generated only a fraction of what was projected.
          • Administrative Complexity: Valuing diverse assets annually (e.g., private businesses, art, intellectual property, illiquid investments) presents immense practical difficulties for tax authorities. This complexity leads to high compliance costs for taxpayers and administrative burdens for the state.
          • Economic Disincentives: Wealth taxes can disincentivize entrepreneurship, savings, and productive investment. Imposing an annual tax on wealth, particularly on illiquid assets like family businesses, can force owners to sell parts of their enterprises or relocate, potentially harming innovation, job creation, and long-term economic growth.
          • Capital Flight: The mobility of capital means that wealthy individuals may move their assets or even their residency to jurisdictions with more favorable tax regimes, leading to a loss of tax base and economic activity.
          • Legal Uncertainty and Constitutional Challenges: As seen in the Netherlands and Spain, wealth taxes can face significant legal hurdles, particularly concerning property rights, non-discrimination principles, and the potential for double taxation (as assets may have already been taxed as income or capital gains).
          • Double Taxation: Critics argue that wealth taxes constitute a form of double taxation, as the wealth being taxed has often already been subject to income tax or inheritance tax at an earlier stage.
          0 View Single #6004892
End of conversation