My understanding, Dr. John, is that China did not commit to the 200 plane order...and some have pointed out that with the rapid expansion of china's high speed rail system, they may not be needed....
Airline orders are only smoke screens until a down payment is made. Even then, the orders can be cancelled at any time. Not only China's economy may not be able to support these 200 jets, but also the needed fuels may not be there. The "deal" is only a thin veil to cover a fruitless meeting which did not need to happen in the first place.
(1) Liquid assets: there are national averages and standard deviation. Everything below average is exempted. Anything above 4 sigma will be under heavy tax. Alternatively, just treat inheritance as normal income for the current year.
(2) tangible illiquid assets used for production (Paintings and antiques not included) are completely exempted as long as the receiver personally work on it and derive more than 50% of income from it. Somebody inheriting 3 fishing boats but never work on boats will have to pay tax after appraisal. Someone who inherits a forest but work as a lumber jack in that forest, no tax. BUT, once the inheritor sells the inherited assets (say, for his own retirement, etc.) then it becomes taxable. If a farm is passed between generations, continued in production, with owners actually working on the farm and get the bulk of his income from that farm, then no tax.
Corporations, like GE, Pfizer, BoE and the Federal Government exist to shield the members of the elite classes from any consequences of their actions, which are generally to kill, enslave, addict and rob ordinary people.
It works great, even when there are investigations and lawsuits. Settlements come out of "earnings" and the primary elite humans never go to jail, ever, according to your AI query.
just a comment on the travesty of the so-called "federal" "reserve" banks.
they shouldn't be allowed to exist.
Congress is supposed to coin money. gold and silver. constitutionally, money is not supposed to be created by banks.
and the privately owned banks who issue loans by creating paper money without backing out of thin air then create more by charging usury "interest" on the newly fabricated loans, are frauds from start to finish.
the "reserve" concept is hilarious if you ignore the fraud. it's explicitly stated that the "backing" of "federal reserve" debt notes is nothing more than the "full faith and credit of the government of the United States." talk about circular, their credit is actually the fake fiat money that the private central bank produces and then charges the American people trillions in usury fees for the privilege of the government misspending the monopoly money.
My understanding, Dr. John, is that China did not commit to the 200 plane order...and some have pointed out that with the rapid expansion of china's high speed rail system, they may not be needed....
Airline orders are only smoke screens until a down payment is made. Even then, the orders can be cancelled at any time. Not only China's economy may not be able to support these 200 jets, but also the needed fuels may not be there. The "deal" is only a thin veil to cover a fruitless meeting which did not need to happen in the first place.
"Agreed-in-principle", subject to further negotiation & revision...
Yes, they needed to give some good news, the amount of which (200, not 500) was a signal.
;-/
We don't like inherited political power. Why do we like inherited wealth?
"How much" inherited wealth is allowable, right?
Family farm? Soros Empire?
;-/
(1) Liquid assets: there are national averages and standard deviation. Everything below average is exempted. Anything above 4 sigma will be under heavy tax. Alternatively, just treat inheritance as normal income for the current year.
(2) tangible illiquid assets used for production (Paintings and antiques not included) are completely exempted as long as the receiver personally work on it and derive more than 50% of income from it. Somebody inheriting 3 fishing boats but never work on boats will have to pay tax after appraisal. Someone who inherits a forest but work as a lumber jack in that forest, no tax. BUT, once the inheritor sells the inherited assets (say, for his own retirement, etc.) then it becomes taxable. If a farm is passed between generations, continued in production, with owners actually working on the farm and get the bulk of his income from that farm, then no tax.
Yes, there are lots of specific considerations.
Separating productive-assets, personally worked/managed from assets that produce wealth to "absentee-owners" is an important line.
Veblen: Absentee Ownership (Whole durned book) https://ia601507.us.archive.org/19/items/AbsenteeOwnershipAndBusinessEnterprise/Absentee%20ownership%20and%20business%20enterprise.pdf
very interesting book. Thank You!
Hey John!
The title of this newsletter alone sent me scurrying to a very short comment I had just finished writing, one that I thought you might appreciate.
https://lionessofjudah.substack.com/p/marjorie-taylor-greene-nobody-will/comment/260284660
Cheers, and keep up the good fight!
steve
Thanks Steve: My non-AI-summary:
Corporations, like GE, Pfizer, BoE and the Federal Government exist to shield the members of the elite classes from any consequences of their actions, which are generally to kill, enslave, addict and rob ordinary people.
It works great, even when there are investigations and lawsuits. Settlements come out of "earnings" and the primary elite humans never go to jail, ever, according to your AI query.
On our collective tombstone, it was fun (for a few) while it lasted.
Here's something good for a grin ... https://conspiracysarah.substack.com/p/trumps-hantavirus-official-is-a-penis
Cheers!
He has a high-quality wool suit and a sharp badge... Clothes make the man, right?
;-/
😂
just a comment on the travesty of the so-called "federal" "reserve" banks.
they shouldn't be allowed to exist.
Congress is supposed to coin money. gold and silver. constitutionally, money is not supposed to be created by banks.
and the privately owned banks who issue loans by creating paper money without backing out of thin air then create more by charging usury "interest" on the newly fabricated loans, are frauds from start to finish.
the "reserve" concept is hilarious if you ignore the fraud. it's explicitly stated that the "backing" of "federal reserve" debt notes is nothing more than the "full faith and credit of the government of the United States." talk about circular, their credit is actually the fake fiat money that the private central bank produces and then charges the American people trillions in usury fees for the privilege of the government misspending the monopoly money.
The purpose of the international banking system is to place ownership of everything in a few elite hands through fractional-reserve-lending.
The purpose of the US Constitution was to break away from the BoE and the East India Company, right?
Bankers/Financial-elites win until it breaks the system, which they are now preparing for, because it looks ready to happen again.
;-/
Nowadays even more apparent than when it was written:
https://singularian.net/the%20NeoConstitution%20revealed.html
1-billion-dollars = 1-vote
Indeed, and a great cartoonist made that clear long ago.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4R0dYTK14lILJ2nID6bp8I2D7QwQNFBhvCXyPRBlxE7-xO0H7R9lP7LYtsHSfsDpi96es1eHOqE3P9nboPPTU5qn5tzroRGl5uPwwPgvD1lfdLWpRPa2nXGsKpdecJDJp_DmtMG9KfyY/s1600/Vote++Pig+Bank.jpg
Not to mention this issue:
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhi-dgpo7wW_oirI6CD3SdUP6KnTlVH9HAsdMcsBnL4PyUhRMLDQAp5GFg_o7zdrHpdOObTnuXBlCma3U_0IdLVDanilcLnPp52vraqQZNXQ9gKmDc5Nb7tfOO0Jnp4YE7hQU5BNEp1-Lw/s1600/Christ+Votes.png
and this one:
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidQv8V3J7vhyphenhyphentb4VFyLHjqAW-iw8yfqb5KGY5aRCbvL7M8yeiTlKCkKoovrocLM997DkdL8F0WZK6fw4F42bSO7tQ3leCzW4q1NfIjv78EIrq-arFD4kde5YoUzROyi1Ek0F-Qysh6pLU/s1600/911+Goldenn+Opportutnity.jpg