• 0 Posts
  • 20 Comments
Joined 1 year ago
cake
Cake day: June 14th, 2023

help-circle





  • If you feel happy with the current state of reddit you should be there. I could not stomach it anymore so I’m at the next best alternative, that has all the potential. You need to take the sour with the sweet in all new ventures. But if that’s not for you just go just go where you feel fine, nobody is making you stay or is invested in having people stick around that do not feel they want to be here.



  • The case — which dates back over five years to the time when Scholz was still mayor of the Hamburg city-state — is linked to the broader so-called “Cum Ex” affair, under which the German state was defrauded by over €30 billion as some banks, companies, or individuals claimed tax reimbursements from authorities for alleged costs that never occurred. The scandal already hung over the Social Democratic politician’s election campaign in 2021 but had little impact in the end as Scholz’s potential involvement remained unclear. Now it is heating up again after new details emerged that put his previous defense in question.

    https://www.politico.eu/article/germany-chancellor-olaf-scholz-parliament-investigation-tax-fraud-scandal-hamburg-cum-ex/

    ‘Cum-Ex’ is Latin - and it means ‘with without’. In essence, it’s a massive stock trading scam by bankers, brokers, hedge funds, international tax firms, investment companies, lawyers and insurance companies. By acting as promoters to help their clients get a refund for a tax they never actually paid for, they have defrauded EU member states by billions of euros. This rapid trading of shares with (cum) and without (ex) dividend rights thus gave rise to the scandal of the same name.


  • They are definately not fair. But fair is not an economic or political quantifyable term. Slavery wasn’t fair either.

    What is just or not changes with times and societies. If there is political capital to be made by making reparations then they make sense. If the public disagrees they can and will vote out those responsible. For better or for worse that’s our system.

    But I personally do not feel there’s such a thing as Sins of the Fathers. I have nothing to do with the slavers of 300 years ago, the whole concept of owning a human being is repugnant to me. And I genuinly feel that should be enough.



  • We have come to fundamentally different insight into the psyches of the rich and the ultra rich. There’s a reason I say that for me they might as well be adiiferent species, we’ll see in the fullness of time how this develops. Both the system and the individual in it can be problem. Glossing over an, in my mind, fundamental difference is a mistake. But that’s my opinion of course. It’s clear you do not get my argument and that’s that.

    I guess we will have to agree to disagree on this subject. Fact is that the world is in serious peril, and the foundations of our system are shaking at its core.



  • Oh, it was bad already. But what most people do not realize how far removed from the “real” world that you, me and yes-millionaires inhabit the multibillionaires are. The “out of touch” elite of the old rich and powerful did exist in the same framework we did. The megarich do not. The difference between indirect influence and direct power might seem trivial but I am convinced it’s not just fundamentally different but also potentially catastrophic as they might as well be a different species from us for all practical purposes and to have them make decisions that directly influence our lifes but not theirs is Kafkaesque.