Wealthy Americans Fleeing To Escape Collapse

[bripat9643]

Got a thing for ticks, Pattycake?

I enjoy applying a flame to their asses to watch them squirm, but other than that, no.

 

[bripat9643]

Your ass is being handed to you.

The economy is roaring back from the Bush recession.

Nothing for Republicans in Congress to do but pass anti abortion bills or black voter suppression laws.

Yeah, a recovery that takes 4 years is "roaring back."

Obama is toast.

 

[FactFinder]

You lost me on how the California energy problems have to do with some Canadian fatcat wanting to leave North America.

 

[kiwiman127]

Your ass is being handed to you.

The economy is roaring back from the Bush recession.

Nothing for Republicans in Congress to do but pass anti abortion bills or black voter suppression laws.

Yeah, a recovery that takes 4 years is "roaring back."

Obama is toast.

The much smaller Recession of 2001 took over three years to come "roaring back".

 

[bripat9643]

Yeah, a recovery that takes 4 years is "roaring back."

Obama is toast.

The much smaller Recession of 2001 took over three years to come "roaring back".

You're forgetting something else called "9/11"

 

[kiwiman127]

Yeah, a recovery that takes 4 years is "roaring back."

Obama is toast.

The much smaller Recession of 2001 took over three years to come "roaring back".

You're forgetting something else called "9/11"

The housing market bust/credit crunch was economically, a much, much bigger eventl. All one has to do is look at the total wealth, jobs and homes lost.

 

[georgephillip]

How many liberals worked for Enron?

"The California electricity crisis, also known as the Western U.S. Energy Crisis of 2000 and 2001 was a situation in which California had a shortage of electricity caused by market manipulations and illegal shutdowns of pipelines by Texas energy consortiums."

California electricity crisis - Wikipedia, the free encyclopedia

Rich parasites like Ken Lay have been consolidating state power and using it to enhance their private wealth for thousands of years. That's the mess we all need to escape from.

The California "Energy crisis" was pure purely the result of the stupidity of California politicians. They deregulated the wholesale market for electricity but imposed price controls on the retail market.

Capitalism Magazine - The Cause of the California Electricity Shortages: "Price Controls"

As an economist, whenever I hear the word "shortage" I wait for the other shoe to drop. That other shoe is usually "price control." So it was no great surprise to discover, after the electric power shortage in California made headlines, that there were price controls holding down the price of electricity to the consumers.

In the absence of price control, a shortage is usually a passing thing. When prices are free to rise, that causes consumers to buy less and producers to produce more, eliminating the shortage. But when the price is artificially prevented from rising, the shortage is prevented from ending.

The electric power shortage in California is not unique. What is a new twist, however, is that there are no limits on how much the wholesale electric power suppliers can charge the utility companies that directly supply the consumer. Since the utility companies have been paying more for electricity than they were allowed to charge their customers, they were operating in the red and the financial markets are downgrading their bonds. Buying high and selling low is the royal road to bankruptcy, and bonds in a bankrupt company are not usually worth much.

From your link:

"Nothing forces prices up like restricting the supply."

Enron and electricity generators did exactly that after California's politicians were stupid (greedy) enough to deregulate the wholesale markets.

"Robert McCullough, a consultant in Portland, Ore., said Enron’s Belden arranged to send 2,900 megawatts — enough juice to light up Sacramento for a few hours — through a rural power line near the Nevada border capable of handling only 15 megawatts.

Belden, who later pleaded guilty to fraud, knew full well that state officials would cancel the transmission. That was fine by him; it left the state having to scramble for power at the last minute. The gambit sent prices up temporarily, costing California millions of dollars.

"Enron was fined $25,000, but McCullough said it could have cared less. It was learning how to game the system. 'It’s a perfect one for the books,' he said.

"A fuller understanding of the Enron mentality surfaced in 2002, with the release of a memo detailing 'Dark Star' and other Belden techniques.

"Two years later came the discovery of the 'Grandma Millie' tapes, in which Belden and other traders bragged about stealing money 'from those poor grandmothers in California.'”

 

[georgephillip]

Enron's Role in Energy Crisis Complex - Science News - redOrbit

 

[georgephillip]

It's obvious the taxpayers are paying your salary and you don't want to admit it.

I work for a private corporation.

You, on the other hand, are a tick on the ass of society.

The private corporation you work for would not exist without government.

So that gives ticks like you the right to loot everyone?

Government wouldn't exist if it weren't for private citizens supporting it.

Individuals form governments which charter corporations.

For thousands of years all governments have placed the interests of their richest individuals above those of the majority of their citizens. The richest individuals in this country currently exploit corporate entitlements to maximize their "private" wealth. US Corporations currently enjoy all the benefits of citizenship while receiving virtual immunity from its responsibilities.

One solution to this age-old problem is to build a wall of separation between private wealth and government. Is that something you would support?

 

[California Girl]

Well, I hope that the fat junkie does leave the US. Just shows how much he cared about all the people that he lies to on a daily basis.

So your hope that he leaves shows what Limbuagh believes? Then my hope that Obama commits suicide shows what a pathetic coward he is.

I think your forum name is short for "Old Rocks in the Head."

Your ass is being handed to you.

The economy is roaring back from the Bush recession.

Nothing for Republicans in Congress to do but pass anti abortion bills or black voter suppression laws.

Roaring back?

Now that is fucking funny.

 

[georgephillip]

"American expatriates are fast becoming the world's financial refugees. Onerous legislation from the U.S. government is making it too difficult – and too expensive – for banks to service U.S. citizens that live abroad. Expats are being left with a fast diminishing range of options. An increasing number are taking the most drastic step and renouncing their citizenship."

Toxic Citizens? - WSJ.com

 

[bripat9643]

You lost me on how the California energy problems have to do with some Canadian fatcat wanting to leave North America.

I'm not the one who brought up California. Ask the guy who did.

 

[bripat9643]

The much smaller Recession of 2001 took over three years to come "roaring back".

You're forgetting something else called "9/11"

The housing market bust/credit crunch was economically, a much, much bigger eventl. All one has to do is look at the total wealth, jobs and homes lost.

ROFL! For one thing, something like $10 trillion disappeared when the stock market collapsed. Then the economy got blasted again by 9/11. I distinctly recall how business travel came to a dead halt. Hotels, airlines and numerous other travel related business went into the dumper.

The latest economic debacle wasn't all that much worse and arguably it was smaller. The Bush recession also didn't take 3 years to recover.

 

[Wiseacre]

When a person gives up their US citizenship to avoid paying taxes, that tells me the US Gov't is asking for more than just their "fair share".

 

[hortysir]

Cameron left the US because of the oppressive top marginal tax rate of 35% that is assessed on everything over $372,000

So, he went to New Zealand, land of the free and home of the brave! A nation that does not oppress their rich, no sirree! They have incredibly low taxes! Check this shit out: They only assess a top marginal rate of 33%, applied to everything over about 100,000 US.

Because you said so??

 

[bripat9643]

Individuals form governments which charter corporations.

For thousands of years all governments have placed the interests of their richest individuals above those of the majority of their citizens. The richest individuals in this country currently exploit corporate entitlements to maximize their "private" wealth. US Corporations currently enjoy all the benefits of citizenship while receiving virtual immunity from its responsibilities.

One solution to this age-old problem is to build a wall of separation between private wealth and government. Is that something you would support?

What "responsibilities" are corporations immune from?

What the heck would this "wall of separation" consist of?

 

[Dr Grump]

Yeah but Cameron went to New Zealand - that's where Limbaugh has been talking about.
The Southern hemisphere is very big

BTW note the NZ ads at the bottom of the window - hmmmmmm

How funny. NZ is a big time socialist country.

You and I are probably the only two people on this message board who have actually been there and know what it's really like.

Wrong. And what is it like?

 

[Dr Grump]

The only problem with going to South America is that you're on the hook for ALL your services. Security, electricity, etc. The infrastructure in South America is NOWHERE near as robust as here.

Unless you trust the local cops that don't know you from adam and probably view you as a rich gringo who deserves whatever happens to them for flaunting their wealth.

Yeah but Cameron went to New Zealand - that's where Limbaugh has been talking about.
The Southern hemisphere is very big

BTW note the NZ ads at the bottom of the window - hmmmmmm

How funny. NZ is a big time socialist country.

Compared to the US it might be socialist, but in reality it has a mixture of both socialism and capitalism....

 

[georgephillip]

Individuals form governments which charter corporations.

For thousands of years all governments have placed the interests of their richest individuals above those of the majority of their citizens. The richest individuals in this country currently exploit corporate entitlements to maximize their "private" wealth. US Corporations currently enjoy all the benefits of citizenship while receiving virtual immunity from its responsibilities.

One solution to this age-old problem is to build a wall of separation between private wealth and government. Is that something you would support?

What "responsibilities" are corporations immune from?

What the heck would this "wall of separation" consist of?

Since members of legislative bodies are currently selected by political parties largely financed by private capitalists who separate the electorate from the legislature, a wall of separating the state from private wealth would pay for all elections with public funds. Citizens who cared to donate would have no control over which candidates received their monies. Likewise, lobbyists would be barred from writing legislation or bribing elected officials in the way that now occurs.

Corporations poison the air, land and water in order to maximize private profits while socializing the cost of clean-up onto the taxpayers. Their shareholders are shielded by limited liability statues that enable criminality on a scale that individual miscreants can't imagine. Corporations as they are currently constituted are the last vestige of 20th Century Fascism and deserve the same fate, imo.

 

[sealybobo]

Romney already has millions in Switzerland and the Caymans. Do you know that in Switzerland, YOU pay the bank 3% to keep your money with them. You don't make interest. But its secret. SHHHH. Wonder how much Romney has over there.