From 2022 onwards, the district will likely require regular truth-in-taxation hearings to shift debt service capacity to the capital levy
as debt is amortized and to maintain its capital tax levy rate in the face of AV increases.
Of particular interest in this vein is a new proposal from Dean Baker to convert the federal CIT into an annual capital levy
. In this scheme, instead of paying cash to the federal government, corporations would transfer a fixed proportion of shares of their stock.
In the late war years, Pigou's concern with the distribution of the burden of war finance takes a back seat to the more basic issue of the sustainability of the public debt; and his writings on the proposed capital levy
are interpreted in that context.
The "bail-in" (also disingenuously referred to as a "haircut," but more honestly described as an amputation or decapitation) is referred to officially in banking circles as a "capital levy
." We provide more details on this global IMF scheme below, but it is important to point out that plundering the savings of depositors through "capital levies" is but one of the outrageous criminal enterprises being planned.
First Milk is also increasing capital levy
contributions, from 0.5ppl to 2ppl, and recouping extra capital from farmers.
The news comes after an announcement from First Milk that it is delaying its next milk payment by two weeks, increasing capital levy
contributions and recouping extra capital from farmers at a time when they are already under significant financial pressure.
The apex bank is suggesting that European countries facing bankruptcy could, in the future, consider imposing a one-time domestic capital levy
rather than seeking foreign aid.
Germany's Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy
before asking other states for help.
For example, the German movement is considering both a regular, periodic net wealth tax and a one-time capital levy
in order to shift the fiscal burden of the financial crisis.
Some of the super rich in Germany are calling for a capital levy
. They suggested that a 5% levy on the very richest would raise pounds 88.5 billion over two years.
They call themselves "The Wealthy for a Capital Levy