Freaking Out Over Dropping Oil Prices

Freaking Out Over Dropping Oil Prices


Many years ago I saw a TV episode of “The Jefferson’s” program where George the main character had died, but 20 years later he got to come back as a ghost so he checked in on his family. The one other part of the program I remember was a little girl coming into the room and she asked her dad for five dollars so that she could get and ice cream and her dad said “only five dollars”? That line was put into the program for the laugh factor yet those words ring with and obvious truth of the deflation of our own dollar. At the time of this program you could get and ice cream for about 75 cents, now days quite a few of the treats cost between $2.75-3.50, the joke is on ourselves. Fake money, that which we strive and die for all of our lives. When your Pepsi cost $5.00 and your burger cost $15.00 what good is a $8.00 per hour job? Twenty years from now when we are maybe making $18.00 to $20.00 per hour and a Pepsi is $15 and a burger is $30 how do people survive the real costs of living?


I have believed for a long time now that Deflation is absolutely required within the worlds most industrialized nations which of course includes us here in the U.S.. I believe that the biggest inflation maker in our nation is generated from the very base level of Government, the local level Politicians. These Politicians are the ones who are always needing more revenue and the local home owner is the venue of which they suck from. About 20 or so odd years ago I heard part of and interview of Tom Jones with a lady commentator, I think it was Ms Walters but I’m not positive of that. Mr Jones spoke of the home that he and his wife had lived in for twenty years, he said he paid one million for it twenty years ago but now this same house is now worth ten millions so says the tax collector. Taxes go up, people have to make more money to pay these taxes or one of many different Government agency’s will take “your property” from you. When the prices of houses keep going up it makes it where the majority of people don’t believe they will ever have and actual house of their own. I believe that one of the necessary steps Our Government should do when they are gathering data on everything that breathes and many that don’t is to get rid of the Out Liars and the liars.


Deflation is and absolute requirement that at some point we as a nation will have to live through. Is the dropping oil costs the trigger that topples the phony houses of the .01% who reap fortunes on the bones of those they have crushed beneath them on their unending desire to always have more? If We The People want a more truthful stat on things like average wages or the value of houses in our area I believe the stats people need to always get rid of the Out liars. I believe we would get a better state of the Nation figures if for example on value of houses if the top 10% and the bottom 10% were taken out of the equation you will get more truthful results. I’m not saying that these people don’t count they do, every one of them count. But we need more truthful numbers if we want to know what the true state of the Union is, we need to get rid of all the obvious Out liars. When the price of a nation’s fuel is dropping it should be a great thing for business and the people of that nation. Instead the stock market is stumbling because of it. When people lose their jobs the value of the company goes up just like with mergers, then their stock value goes up. Things are backwards in our society folks, deflation of the housing and vehicle markets (as examples) are necessary otherwise the world we are leaving our children will be where they can’t afford toilet paper. The cost of absolutely everything must reach a stage where it’s cost quits going up. If I make $100 per hour but my Pepsi cost $50 and my cheese burger is $90 what good is the $100 per hour? This balloon has got to pop at sometime in the future, is it now? The world oil glut is getting harder to hide, is this the fire cracker that pops the balloon?


Demonetisation windfall: Civic agencies record 268% increase in tax collection


Demonetisation windfall: Civic agencies record 268% increase in tax collection

    • Moushumi Das Gupta, Hindustan Times, New Delhi


  • Updated: Nov 23, 2016 01:35 IST
Civic agencies are making a windfall as people are to clearing longstanding tax dues with abolished 500- and 1,000-rupee notes. (AFP Photo)

Civic agencies are recording a demonetisation windfall as people are taking advantage of schemes to clear longstanding tax dues with abolished 500- and 1,000-rupee notes.

But experts believe the returns don’t reflect improved efficiency in tax collection.

Figures provided by 47 urban local bodies to the Union urban development ministry show their tax collection increased by 268% in November 2016 compared to the same period last year.

These municipalities collected Rs 3,607 crore last November. But the corresponding figure till November 22 this year is Rs 13,192 crore already.

A majority of this tax has been collected after November 8, the day Prime Minister Narendra Modi announced scrapping of the high-value notes. The collection figures for the preceding months were far less.

Mumbai municipality’s tax collection has been Rs 11,913 crore this month, which way better than the Rs 3,185 crore it collected last November. Surat’s municipal revenue increased from a mere Rs 7.19 crore to Rs 100 crore.

The fantastic returns could be attributed state governments’ special schemes for taxpayers to pay their dues — some of which are said to have been unsettled for years — with the demonetised notes.

“This is the positive effect of demonetisation. People are clearing up their old dues, paying with Rs 500 and Rs 1,000 notes. For the urban local bodies, it has meant substantial mopping up of tax collection,” urban development minister M Venkaiah Naidu said.

But expert Srikanth Viswanathan, the CEO of advocacy group Janagraaha, called the increase in municipal revenue a reflection of people using up their defunct notes, rather than an indication of improved tax efficiency.

“The municipalities’ own revenues continue to be in the range of 1-1.5%, far less than in countries such as Brazil and South Africa. But the increase does reflect the huge potential from such revenues once the entire property tax administration is overhauled across urban local bodies,” he said.

Viswanathan said municipalities could transform the system by levying property tax on rational market-oriented base capital values, ensure a good tax assessment register and significantly improve their collection efficiency through spatial analytics and outsourcing.