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Recession-hit Italy's economic and social situation is on the "verge of collapse"

Discussion in 'Preparedness & Survival' started by erudne, Jun 12, 2013.

  1. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    ANSA) - Rome, June 12 - Recession-hit Italy's economic and social situation is on the "verge of collapse" and needs decisive measures, CISL trade union leader Raffaele Bonanni said on Wednesday.

    Bonanni said at the union's 17th annual congress opening that the country needed "a fiscal shock" to bring it back to life.

    The country's struggle with high taxes remains one of its principle challenges to overcome for economic recovery to take hold, Bonanni said on Wednesday.

    The "mother of all battles, the mother of all our troubles, remains the tax issue. We need to reduce income and labor taxes," Bonanni said. The leader of the country's second largest union emphasised that companies investing and hiring young people and the unemployed also need a tax break.

    This would give a "strong boost to the economy and consumers," he said. Bonanni also encouraged Premier Enrico Letta's left-right government to create family allowances and tax credits for low wage earners.

    "Resources come from flexibility. "The government must stop further increases in local taxes...and coordinate national and local taxation while increasing the penalties for tax evaders," Bonanni said.http://www.ansa.it/web/notizie/rubri...medium=twitter
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  2. Squidly

    Squidly Sandy Active Member

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    A trade union leader pleading for lower taxes? Now I've heard everything.
     
  3. knuckle Head

    knuckle Head southeast Well-Known Member

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    He wants companies to invest in hiring people

    Ok now wait a minute, companies are losing money the economy is tanked, no one is buying your products, how the H3LL can companies come up with money to hire people.

    Hey maybe if the people who gat a paycheck there actually did do some work and made a quality product that people wanted and needed then they could them to people in other countries bringing the EU's back to Italy.

    Where do these idiots think they companies, governments and such are going to get the money to bail them out.

    They suck the cow without feeding it and keep adding on more people sucking even more milk off the cow, well guess what it is going to dry up and die, just like counties do when the run out of milk ($$$$)
     
    erudne and (deleted member) like this.
  4. maxisback

    maxisback Western Washington Member

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    Why can't gooberments get it in their heads that LOWER taxes boost the economy, not higher? Wealth is created by the MOVEMENT of money, not holding it or taxing it. Just my .02
     
  5. Galant

    Galant portland Active Member

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    Where does money come from?
     
  6. Burt Gummer

    Burt Gummer Portland Completely Out of Ammo

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    Money is debt.

    [video=youtube;YDYfyAQ8lUI]http://www.youtube.com/watch?v=YDYfyAQ8lUI[/video]
     
    rocky3, peetar, knuckle Head and 3 others like this.
  7. rocky3

    rocky3 oregon coast Active Member

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    Too bad nothing said about duping Mr. and Mrs. JQ Public out of their most important financial asset, their home, through the Reverse Mortgage scam. I know several older people that have nothing left after they took out the reverse mortgage. They, by law, must keep up the repair of the house, pay high interest and taxes, try to live off the meager earnings of said loans. And there stands the greedy banks salivating over the home they will soon inherit. "Only in America". How pitiful sad.
     
    Burt Gummer and (deleted member) like this.
  8. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Because Debt= poverty=slavery=Control
     
    Burt Gummer and (deleted member) like this.
  9. PolishedBrass

    PolishedBrass Gresham, Oregon Active Member

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    People were duped a long time ago ... out of their homes.
    A long time ago people owned their home with a true allodial land title patent.

    Then along came uncle who offered a deal and a "Title" they issued in lieu of actual ownership.
    Then they taxed that land ... since people acquiesced true title and deed of said property.
    Then if they did not pay taxes ... that property was taken.
    (Title issuance authors the issuer to enact rules and sovereignty.)

    I am skipping the Banksters fraud here since it came after property ownership was scammed.



     
  10. knuckle Head

    knuckle Head southeast Well-Known Member

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    Too bad the elderly couple did not do a reverse mortgage during the end of the housing boom on a $400.00 home now worth $40.00 and take the money and run.
     
  11. Burt Gummer

    Burt Gummer Portland Completely Out of Ammo

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    Italy, Spain, Greece .... yes ... all doing poorly but lets not forget the USA has the worst balance sheet on the planet.

    5-10 years from now I fully expect we will be like a giant Detroit or worse. Once we have finished being the world's billy club for the central bankers and Iran/others have their central banks and are under the thumb of our Empire.

    Then the banksters will finally drop the hammer on gullible Americas and leave them holding worthless slips of paper.

    http://theeconomiccollapseblog.com/...ee-the-future-of-america-just-look-at-detroit
     
  12. Will

    Will Everett Active Member

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    Italian unions are not like what we have here in the states. The union negotiates with the government and the results apply to all companies that are classified to be in that industry. The companies can't negotiate with the union directly or vote the union out, they must comply with the conditions the government and the union agreed to. Imagine the opportunity for corruption in that process.
     
  13. cookie

    cookie THE SOCIALIST STATE OF KALI - FORNIA Well-Known Member

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    In the state of California the unions give money to the politicians to get elected the politicians agree to raise the union members pay and benefits. IMO seems to be a conflict of interest.
     
  14. unionguy

    unionguy Portland Active Member

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    Corporations outspend unions $14-1 in every Presidential cycle. Outspent at the state level too. Go figure.