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The Cyprus Situation
Comments
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and who elects the judgesthe Government can do what the hell it likes but the courts can overturn it
The Government can produce tons of tripe - Tolleys Tax Guide runs to an insane 11,000 pages.
But not one page setting out the Constitution.
Why do you think that is?
If it was written down people would realise how indefensible it is in a so called Democracy. The ultimate power held by one unelected person, just in case we plebs elect the 'wrong' people. They would have to make the constitution democratic, and then be bound by it.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
We are used to Government's imposing taxes and yes I canrecall them imposing a 'windfall' tax on oil companies i.e. there is obviouslysome legal means by which they can impose a retrospective tax but I believe ithas to be based upon an argument of 'fairness'. They couldn't impose a different tax on twoidentical oil companies because one had a blue logo and one had a redlogo. That's why I ask, what is the lawbehind this? I have emailed Sky News andasked the same question, I can't understand why with all the news coverage thequestion hasn't been considered / discussed.
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Glen_Clark wrote: »0
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If I had safe deposit box in a bank with my Rolex wrist watch in it could the Government lawfully take the watch or part of the watch?
If I had safe deposit box in a bank with bar of Gold in could the Government lawfully take the Gold or part of it?
If I had safe deposit box in a bank with £100,000 in bank notes in it could the Government lawfully take it all or part of it?
If I had safe deposit box under my bed with £100,000 in bank notes in itc ould the Government lawfully take it all or part of it?
If not, where is the law that says they can take it out of my bank account. It may be for example (and I don't know) that the money in my bank account is not my money but the bank's money, is it the case for example that when I deposit money into a bank account I relinquish the rights of an owner? I don't know what the answer is but I do know that between now and next week someone will need to come up with an answer.0 -
Glen_Clark wrote: »
I wish - if the Government could impose their Will on Judges Abu Qatada would be in Jordan.
Of course they have to pretend to be Independent.
Like the Governor of the Bank Of England pretends to be Independent of The Chancellor who appoints him :rotfl:
Bread and Circuses.
I only know one Honest MP - Dennis Skinner, who has never risen above the rank of MP because he doesn't want to owe favors to the politician who appointed him.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
They couldn't impose a different tax on twoidentical oil companies because one had a blue logo and one had a redlogo. That's why I ask, what is the lawbehind this?
The keyword there is "identical". I would agree with you, if they were indeed identical, it would be hard to understand why there should be a different levy.
However, in the case of Cyprus, there are no identical cases. Various banks have acted irresponsibly in different ways.
As an example, bank A has liabilities of 2,000% whilst bank B only has liabilities of 500%. Thus they are not "identical". Both banks need bailing out and the government has decided that some of the bailout must come from depositors.
Surely it would not be fair to ask customers of bank A and bank B to pay the same levy since this would mean that customers of bank B pay extra so the customers of bank A can pay less?0 -
I don't know what the answer is but I do know that between now and next week someone will need to come up with an answer.
Assume there are no laws, and none can be made (dunno whether this is so). There is a law, however, that people need to pay tax. So the Government could just raise taxes for everybody. Thus making the whole situation grossly unfair because now even people who did not enjoy the benefits of high interest rates are being asked to directly pay for the failures of the banks (as has basically already happened in the UK, lol).0 -
If I had safe deposit box in a bank with my Rolex wrist watch in it could the Government lawfully take the watch or part of the watch?
If I had safe deposit box in a bank with bar of Gold in could the Government lawfully take the Gold or part of it?
If I had safe deposit box in a bank with £100,000 in bank notes in it could the Government lawfully take it all or part of it?
If I had safe deposit box under my bed with £100,000 in bank notes in itc ould the Government lawfully take it all or part of it?
If not, where is the law that says they can take it out of my bank account. It may be for example (and I don't know) that the money in my bank account is not my money but the bank's money, is it the case for example that when I deposit money into a bank account I relinquish the rights of an owner? I don't know what the answer is but I do know that between now and next week someone will need to come up with an answer.
Basically the Government can help itself to whatever it likes - just call it Taxation.
(This fact is not lost on people like the Krays who call their protection money 'tax')
But the Government doesn't need to take cash from your safe deposit box. They can just help themselves to some by printing more pounds.
Why do you think the UK Government is really so keen to keep its own currency?
Talking meaningless spin like 'Our Sovereignty' :rotfl:“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Lets just be clear here - taxing the actual and existing *capital* of a individuals savings is very different from taxing the interest or income generated from that capital. Introducing a 100% tax on *interest* might be a good start, although wouldn't generate the amount required.
Confiscating capital seems like a very dangerous proposal and position to be in. Could it happen here - theoretically yes, I suppose - but in reality I would have to say never!
Politics being politics, they have to protect their own !!!! so they remain in power - which is why it would never happen. Unlike Cyprus, the UK credit rating would allow us to borrow as much cash as we'd need at reasonable rates so I cant see how we'd ever get ourselves into such a mess as this. Or, we'd print more £££.
That said, i've always wondered who pays up when a bank fails. If cyprus has deposit protection up to (euro) 100k, who has stump up savers cash if they simply let the banks go bust? The EU? The Government?0 -
Government can do what the hell it likes but the courts can overturn it if it contravenes Natural Justice.
Where is natural justice written down so WE can see it exactly and interpret it in an easy and understandable manner and use it to challenge authority? My comparison was with the States with a written constitution and undeniably we have far less natural rights. We have a system where it is easier for the ruling classes to make it up as they go along to suit themselves.0
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