French MEPs (Members of European Parliament) introduced a proposal to create a “virtuous circle of financing creation” via a “You-Tube Tax” on online advertising.
My counter proposal is a high tax on politicians, political activities, and of course socialists.
Via translation, please consider French MEPs Vote for a “YouTube Tax” on Advertising Online Videos.
MPs voted in committee on Wednesday for an amendment to introduce a tax on advertising revenue of the sites that make available free and premium Internet video content.
Nicknamed “fee YouTube“, this tax will be voted upon again during consideration of the bill finances in session for adoption.
The amendment proposed by MPs PS Karine Berger, Bruno Le Roux and Pierre-Alain Mute, fixed the tax at 2% of total sales and business subscriptions or advertising revenue and sponsorship.
A schedule of 10% is expected for sites displaying works “pornographic or inciting violence.”
The fee is part of the ‘virtuous circle’ of funding project.
Question of the Day
When does France go after Google’s free translation service?
I repeat my counter-proposal: Put a high tax on politicians, political activities, and of course the socialists who think they know better how to spend your money than you do.
Mike “Mish” Shedlock
Reblogged this on stockoption.io.
I think they really meant the “Vitrious” Circle of Financing Creation.
https://i.kinja-img.com/gawker-media/image/upload/s–bAxoc9LA–/c_scale,fl_progressive,q_80,w_800/17ujg7rjpw919jpg.jpg
If Hillary is elected President the You-Tube tax is coming to America. Count on it.
And a surcharge will be placed on any You-Tube ad that depicts Wall Street in a demeaning manner.
Do your part to keep that from happening.
Vote Trump!
VAT – spending tax. TICK
Earning it – employment tax. TICK
FUTURE?
Withdrawing money from the bank tax? They already have NIRP.
Thinking about earning it – some tax or other.
Trying to lose yourself in fantasy to avoid thinking about all this crap – entertainment tax?
Growing your own food – tax, drones over your land to enforce it.
Generate your own electricity – tax if you don’t spend enough on utilities.
Daring to think about escaping the system – PUNISHMENT.
I often notice tax is just a political avenue to involvement and regulation, control. It is a way to oppress by having a foot in someone else’s affairs. I note it always pursues activity and individual effort, wherever there is buoyancy and celebration of achievements it interrupts. You are spot on about EU, not forgetting that there is a layer of organisation that is working its way through the continent, or attempting to, that hopes to fully replace the old order indefinately – it exists, but is causing misery and destruction as it goes, just as placing weapons in the hands of untrained idiots and telling them they are in charge and responsible will lead to disaster. The tight knit of accountability only ever exists at a local level, the attempt to have people allow outside control be ushered in is simply naive in terms of true result.
It’s not the UK that is looking inwards, it’s the EU that is scared to look out but prefers to tax anyone that innovates into their markets.
The real reason being protectionist policies to various interest groups.
If the rest of the world was to join to send the same message to them it might change but so long as Germany can keep exporting under a weak Euro (vs what the DM would now be), and EU politicians are so left facing, there is little chance of change.
I would even say, with the EU being such a high % of total global trade, that their policies are damaging the entire of world trade. To change would require a major dismantling on the project and the EU won’t ever allow that.
http://www.telegraph.co.uk/business/2016/10/13/canada-pm-warning-to-brussels-if-you-wont-do-a-trade-deal-with-u/
It’s doomed if it continues as is.
Meanwhile, your very clever President stabs the UK in the back when the only chance of change for the EU is to have the UK leave so they get the message.
The EU is a poster child for global stagnation – not Japan – the EU.
Your President endorses it fully. You’re heading the same way.
The UK tries to escape and faces nothing but a wall of threats from allies and the EU.
Shame on you.
Escaping will cost the GBP reserve currency status in all likelihood.
S&P commenting.
I also suspect the dead hand of the EU and US in this as one of the methods of punishment.
Businesses will come up with a way to avoid or minimize paying silly taxes. The higher the tax, the more the corruption.
& the more money spent trying to avoid it that could be declared as profit for some legitimate tax to take a small % of, more transparently.
The MEP class need to pay for themselves some way or other and be seen to do something for the masses. Just that the masses don’t understand it comes out of their pockets in the end anyway and the MEP class aren’t needed at all. Parasites.
You become frencher and frencher
Your post contains two suggestion of new taxes (one on politicians, one on translation services).
The deputies proposing this shit are idiotic leftwingers that propose new taxes. The big problems isthat their ideas are sometimes enacted.
A tax on tax proposition could be a popular idea.
Look for products from Google, Google Proxy and Google VPN. Instruction page will default to French.
“All your money are belong to us.”
PLEASE DO NOT SAY FRENCH OR THE FRENCH GOVERNMENT BUT SOCIALIST FRANCE THANK YOU 1 OUT OF 2 FRENCH CITIZENS VOTED AGAINST HOLLANDE AND SOCIALIST SO WE SHOULD NOT BE HELD RESPONSIBLE FOR LEFT WING ERRORS
I REPEAT THE BEST MATHEMATCIANS ARE FRENCH LOOK AT THE FIELDS MEDAIL WINNERS
MOST OF THE FRENCH LIVING IN LONDON 500 000 ARE NOT WORKERS OR BAR TENDERS BUT WORK IN FIANCIAL DISTRICT THE CITY ETC AS TRADERS QUANTS ETC…
THE CURRENT LEGAL FRENCH GOVERNMENT DO NOT REPRESSENT FRANCE AS
20 PERCENT CITIZENS SUPPORT HOLLANDE AND HIS MINISTERS / SOCIALIST ADMINISTRATION
WAIT IT IS ONLY A MATTER OF FEW MONTHS BEFORE THIONGS CHANGE IN PARIS AND YOU CAN COME BACK AND FEEL LIKE HOME IN FRANCE AS RIGHT WING POLITICIANS IE THE FRENCH REPUBLICAINS PARTY WILL ARRIVE IN POWER JUNE 2017
SOCIALIST WILL BBE SO CRUSHED THAT EVEN THE FAR RIGHT FRONT NATIONAL OF MARINE L EMPEN WILL HAVE MORE REPRESENTATIVES IN PARLIAMENT BUT DO NOT WORRY AS THE MAJORITY AND NEXT PRESIDENT WILL BE MAINSTREAM REPUBLICANS PRO AMERICANS AND ATLANTISTS
REMEMBER THAT SINCE GENERAL LAFAYETTE AND THE AMERICAN REVOLUTION FRANCE HAS ALWAYS BEEN A CLOSE ALLY AND FRIEND OF THE USA
I generally agree with alot of what Mish says, however isn’t this proposal ultimately just a tax on corporate earnings by another name?
Funniest thing I’ve seen all day, thanks, Mish!
Taxing socialists is counterproductive because they are all broke which is why they became socialists in the first place.
Think about it, when was the last time you met a rich socialist?
Bernie Sanders is kind of rich. He claims to be a socialist.
The president is rich. He thinks. acts and talks like a communist.
Do they not count?
Pff…that’s weak. How about an “email tax”? Now THAT’s the mother of all taxes…saves the Postal Service as well…a nice two-fer.