Watch Ireland and Manhattan (On economic issues.)

[Faust For ScienceParticipant 22521]

Watch Ireland and Manhattan (On economic issues.)

In the last few weeks I have read some interesting news articles which need attention.

In the Republic of Ireland, the pro-European Union government maybe voted out: https://www.reuters.com/article/us-britain-eu/may-wants-eu-uk-to-move-together-to-brexit-trade-talks-idUSKBN1DO0PJ

While not mentioned in the article is that the Republic of Ireland is where a lot of major global corporations shelter their fortunes from taxation.

If the government changed in the Republic of Ireland, these corporations might see themselves suddenly blocked from having access to their fortunes hidden in Ireland.

On Manhattan New York City, the economy in on that island is going into the tank due to over-taxation: http://www.zerohedge.com/news/2017-11-17/manhattan-retail-new-rust-belt

This article is from a week ago. Look at the maps in the article. The number of businesses are closing up. The people that actually pay the taxes cannot afford the taxes. Meanwhile such taxes do not effect the rich and poor, only those keeping the system going.

Still, Manhattan is one of the places in the world where the wealthy like to spend their wealth. If Manhattan is economically dying it shows that the wealth is not being spend as readily as before.

Due to the logistical involved, these two locations are economic indicators of what is happening with the wealth in the world. People need to keep an eye on such locations.

Note, while this article does deal with economics, this article deals with economics on the global stage of politics, which is why I posted this article in the political section of the forum.

[CarnageParticipant 22113]

Wait, how wold the brexit and relationship between us, Ireland Republic and British brexit are related?

I now about Ireland working as a fiscal paradise, but what it has to do with uk?

To those following me, be careful, I just farted. Men those beans are killers.

[CarnageParticipant 22113]

And what you mean government change in Ireland?

Elaborate if you can, I remind you I’m was married m, wich means IM STUPID.

To those following me, be careful, I just farted. Men those beans are killers.

[MonkParticipant 16979]

Ireland is a classic example of economic penetration leading to political control.

Never wealthy, Ireland joined the EU, and the EU (which means Germany), then poured in vast, at first glance ridiculous, quantities of money.

The ecomony boomed (the so-called ‘Celtic Tiger’). Living standards soared and all appeared rosy. The politicians rode the wave, and were hooked.

But once they were dependent, the trap snapped shut. They suddenly found that the EU required this and that, and if they failed to comply, the financial teat would be withdrawn.

If that happened the ecomomy would bust and the politicians would all be out. And so Ireland became a German fiefdom, voting whichever way it was told.

Cheap at the price.

[Anonymous 42]

Faust For Science wrote:

The people that actually pay the taxes cannot afford the taxes.

The sick part about insolvent property is municipalities sell tax leans in the form of municipalities investments, further reinforcing the toxic real estate as insoluble. The over taxed, over assessed, abandoned real estate becomes a carcass of rotten meat sold to these municipalities investors, they’re in mutual funds also.

The collapse shall happen, it’s not a question of if, but rather a question of when??? They robbed me this way too! I’m gonna roast it! Just another economic scar upon the land. Economic cancer is ugly, the North East and Mid West, U.S., has stage 4 cancer, it can be seen in all the dilapidated and abandoned property that lives on in the municipal necrophiliacs devouring real estate in America…

[Anonymous 1]

Monk wrote:

Ireland is a classic example of economic penetration leading to political control.

Never wealthy, Ireland joined the EU, and the EU (which means Germany), then poured in vast, at first glance ridiculous, quantities of money.

The ecomony boomed (the so-called ‘Celtic Tiger’). Living standards soared and all appeared rosy. The politicians rode the wave, and were hooked.

But once they were dependent, the trap snapped shut. They suddenly found that the EU required this and that, and if they failed to comply, the financial teat would be withdrawn.

If that happened the ecomomy would bust and the politicians would all be out. And so Ireland became a German fiefdom, voting whichever way it was told.

Cheap at the price.

I’ve been wondering about Ireland. I keep hearing about all these big American Corporations relocating their HQ over to Ireland. This is for tax reasons, but what is the impact for the local economy in Ireland?

If the economy is booming now, it could be busting next year. It all depends on the tax laws, I guess. Just when I was thinking Ireland would be a swell place to move to…

[Anonymous 1]

Anonymous wrote:

The collapse shall happen, it’s not a question of if, but rather a question of when???

Thats right, all of the USA will look like Detroit. Its just a matter of time…

[Faust For ScienceParticipant 22521]

Anonymous wrote:

MG-ɹǝʍo┴ wrote:

The collapse shall happen, it’s not a question of if, but rather a question of when???

Thats right, all of the USA will look like Detroit. Its just a matter of time…

Actually, depending on what part of Detroit that is being talked about, it is a good thing. There are parts of Detroit where the people grow their own food. Detroit has one of the largest farmers markets in the U.S. People are going back to basics in growing their own food.

[Anonymous 1]

Faust For Science wrote:

Actually, depending on what part of Detroit that is being talked about, it is a good thing. There are parts of Detroit whom grow their own food. Detroit has one of the largest farmers markets in the U.S. People are going back to basics in growing their own food.

Right, there are some positive things going on in Detroit especially over the last couple years. The problem that MGTOWER and I are referring to is like this: A holding company from Florida or wherever is owning all these abandoned sites. No one can buy these sites and do anything positive with them. The abandoned “urban blight” just sits there and these holding companies let them rot.

Its weird, but you see a lot of this sort of thing in Rust Belt zones. Perfectly good buildings left to rot and disintegrate. No one can purchase them because they are not even on the market.

[Faust For ScienceParticipant 22521]

Anonymous wrote:

A holding company from Florida or wherever is owning all these abandoned sites. No one can buy these sites and do anything positive with them.

Detroit had this problem until the City Council realized how much they were losing in tax revenue. The City Council told these companies to do something with their property or they would forfeit their property.

[Anonymous 1]

Faust For Science wrote:

Detroit had this problem until the City Council realized how much they were losing in tax revenue. The City Council told these companies to do something with their property or they would forfeit their property.

Yes, they are really turning the City around. Mayor Mike Duggan has revitalized the City like I never thought possible.

Unfortunately, most of the Historic buildings are too far gone to fix. It only takes a couple years for a building to rot without regular maintenance. Now these buildings have to be torn down and cleaned up. Perfectly fine buildings wasted because of mismanagement. What a tragedy it is…

Now those lots will be turned into Urban Farming communities. I only hope the soil is not too polluted though. Still, its a big step in the right direction.

[MonkParticipant 16979]

Anonymous wrote:

I keep hearing about all these big American Corporations relocating their HQ over to Ireland. This is for tax reasons, but what is the impact for the local economy in Ireland?

Minimal impact. A few office jobs and fatter politicians, that’s all.

[Faust For ScienceParticipant 22521]

Monk wrote:

Heavicidal wrote:

I keep hearing about all these big American Corporations relocating their HQ over to Ireland. This is for tax reasons, but what is the impact for the local economy in Ireland?

Minimal impact. A few office jobs and fatter politicians, that’s all.

The impact deals with how much money these corporations have parked in Ireland. This is a tax shelter for the corporations to not pay taxes, while these same corporations lobby congress to raise taxes on everyone else.

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