June 2010

Monthly Archive

paying capital gains on a home when we had 50K invested?

Posted by admin on 27 Jun 2010 3:26 pm. Filed under Renting & Real Estate.
lkps


If i have lived in my home for less than a year, and I put 50K down when i bought it – Will I have to pay gains on the 50K if I do not put it into another real estate venture?

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Are banks and interest really needed?

Posted by admin on 22 Jun 2010 11:02 am. Filed under Other - Business & Finance.
Anders


If I buy a house, then I can take a loan, from a bank, with the obligation to pay back the loan at a certain minimum amount per month or year, with zero interest. Why is the interest needed other than to keep the bank going? I could take the loan directly from the government, and no bank is then really necessary.

Then what about if a company wanted to take a huge loan? The answer is: they will have to get money from venture capital companies, and the agreement they make is a deal between the company that wants the loan and the venture capital company that provides the money. No banks needed.

The same with other services banks provide. They could be done by ordinary companies.

I understand that in practice, banks are deeply integrated into society. But in theory, are banks and interest really needed? Would it be possible to have a totally interest-free economy?

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Is US government at war with US CITIZENS?

Posted by admin on 4 Jun 2010 6:40 pm. Filed under Politics.
Anarchist


Did Obama declare a war?

On entrepreneurs.
On investors.
On small businesses.
On large corporations.
On private-equity.
On venture-capital funds…
and EVERY FISCALLY RESPONSIBLE CITIZEN in this country
with his proposed budget?

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