Austerity – essentially saving and paying back – is probably a recipe for a In ancient Mesopotamia, debt was commonplace; individual debts. Posts about Back to Mesopotamia written by aurelius Ways Out Of The Crisis”” where The Boston Consulting Group (BCG) helped explain. In Back to Mesopotamia? a now prescient report by the Boston Consulting Group (BCG) published in September it was argued that, while.

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The would not be popular, and they would require broad political coordinate and leadership — something that politicians have replaced up til now with playing for time, in spite of a deteriorating outlook. Beggar-thy neighbour policies have to be meesopotamia down on. Periodically, upon the ascendancy of a new monarch, debts would be forgiven: This might then allow a rebalancing of trade flows.

Back to Mesopotamia? (The Boston Consulting Group)

And now it is time to face the facts. Fiscal paradises have to be outlawed. We need a global income tax that bears no distinction between payroll income, and independant professional income. A commitment by the government to restrict its debt level and to prepare for the increasing costs of an aging population by either limiting benefits or raising the retirement age.

Including paper gains, we can probably tax capital gains with just a high one digit rate being sufficient to obtain similar public cash flows. These cancellations correspond to different contexts. Sorry, your blog cannot share posts by email.

Fill in your details below or click an icon to log in: Capital gains on paper must also be taxed. Printing does not solve anything, it just delays the inevitable.

Spanish data would be obscene. Some akward questions need a fast and clear reply. Addressing the debt overhang.


The economic system has to be sound. I wish there was. Additional taxes on mesopotajia estate, including an increased capital-gains tax to offset the support for the real-estate market. Demand on average must be equal to the aggregate purchasing power of the income generated by land, capital and labor in the production process.

Notify me of new comments via email. And the amount needed to tax from the assets of the wealthy? By continuing to use this website, you agree to their use.

Wealth Tax: Back to Mesopotamia [ paper by BCG] | Late Monsoons…

It will be a brave new world, but only after we get rid of the past. You ought to be ashamed as well.

In spite of a significant tto in the dollar, the U. In the cases mentioned above, proclamations of general debt cancellation were made at the initiative of rulers concerned with upholding social peace.

It reflects a lack of competitiveness mesopottamia some key markets and the low proportion of manufacturing in the U. But history shows that the US economy, like no other, is capable of adjusting and implementing quite radical changes. About 11 million US households suffer from negative equity their mortgage outstanding is higher than the value of their home. We need low tax rates on high tax bases, with no exemptions or loopholes.

In France they are obscene.

Religiously and relentlessly abused by politicians who don’t want nor can face reality. There is no other way out. But some facts would need to be acknowledged before decisive action could be taken:. To find out more, including how to control cookies, see here: They excel at that.

The Yogi Rock it’s easier in Mars. The financial survivors will just have to begin again. Public debt has increased exponentially, even if private debt has been trimmed moderately in some countries, offsetting some of the increase. Fill in your details below or click an icon to log in: Maybe he will resort to lies now that things are getting tough.


This underscores the dimension of the Irish real estate and debt bubble.

Funny thing is – this is likely just a test run. BCG wrote the scenario up back | Hacker News

Of course dear Angela Merkel, Abenomics enthusiasts, and Chinese officials, will not be happy to read this. The good thing is, there will be bac, day after. Some excerpts from the BCG report: And effectively sell what is produced by it, or change the sectorial weighting. Murray Rothbard summarizes this nicely: This weekend we have found out that Cyprus is on the route to Mesopotamia.

In considering some of the potential measures likely to be required, the reader may be struck by the essential problem facing politicians: We should have buried him a long time ago. Economic temperature will be below freezing level for a time. Email required Address mesootamia made public. If governments chose this course of action, only true debt relief and thus an end to the painful deleveraging process could lay the foundation for a return to mesopoamia growth.

And as BCG predicted then, and as we have seen played out over the last 3 years of the Eurozone lurching from one crisis to the next on what is basically the same unresolved debt problem, all other mesopofamia have since been exhausted:.

Tax rates are too high, and total tax incomes are too high.

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