A Quote by Angela Merkel
It certainly is dangerous that there are only a few clubs left in Europe that can afford to pay millions. At the end of the day however, the spectators decide the rates of pay - by watching the games and consuming the goods and services advertised on sports TV programmes.
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The purpose of the media is to make us all spectators, to watch. So that's why we have millions of fat children watching the games, eating and consuming and not playing themselves.
Money does not pay for anything, never has, never will. It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services.
I took it for granted that there must be a few men left in the world who had that kind of strength. I assumed that those men would also be looking for women with principle. I did not want to be among the marked-down goods on the bargain table, cheap because they’d been pawed over. Crowds collect there. It is only the few who will pay full price. "You get what you pay for.
If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.
More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes debt deflation and shrinks markets. If you pay the banks, you have less to spend on goods and services.
The United States and Europe are in a state of debt deflation, where people and businesses have to pay banks instead of spending their income on goods and services. So markets shrink, sales and profits fall, and the stock market turns down.
Millions and millions of people don't pay an income tax, because they don't earn enough to pay on one, but you pay a land tax whether it ever did or ever will earn you a penny. You should pay on things that you buy outside of bare necessities. I think this sales tax is the best tax we have had in years.
High tax rates that people don't actually pay do not bring the government as much revenue as lower tax rates that they do pay.
As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy goods and services - unless you borrow even more and go further into debt.
Nah, I don't watch TV either, apart from a few sports programmes. I just don't have the time.
In Nigeria, you have to have sports channels to watch that but not everyone can afford it. My parents couldn't afford that so you have to pay a viewing centre to watch that.
People who can least afford to pay rent, pay rent. People who can most afford to pay rent, build up equity.
At the end of the day, I still have bills to pay and taxes to pay.
My policies are based not on some economics theory, but on things I and millions like me were brought up with: an honest day's work for an honest day's pay; live within your means; put by a nest egg for a rainy day; pay your bills on time; support the police.
This was years ago, I think during the early [Ronald] Reagan years. I came up with a plan that everybody just pay $8.95 in taxes. Cheating would be allowed. But the incentive to cheat wouldn't be nearly as great if you only had to pay the $8.95. There were a few people who would have to pay hundreds of millions of dollars under this plan. I think it was Mark Goodson and Bill Todman, the guys who do the quiz shows. But almost everybody else would be off really cheap.
People have to pay so much money to the banks that they don't have enough money to buy the goods and services they produce. So there's not much new investment, there's not new employment (except minimum-wage "service" jobs), markets are shrinking, and people are defaulting. So many companies can't pay their banks.
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