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Can you make moeny from nothing?
QuestionEverything Show this Post
07-17-2014, 11:53 AM #1
QuestionEverything Incognito
Hi everyone, I am new here. Someone said this was a great site, so had to check it out for myself.

I thought I would leave on a little dilemma the banks cannot argue with.

The Question is, can you make money from nothing?

Here’s a story ONLY……

One day I get a letter in the mail. It’s from the taxation office. They say I owe them $600 dollars, because I have not declared money that has been sitting in an account gaining interest. So I decide to not pay the $600 dollars, and contest the bill, saying that I should not have to pay them anything.

Court day arrived. The judge says, “On what grounds do you wish not to pay this fine?”
I say to the judge “because I did not earn the money, it came from nothing, and it was a gift from the bank for having an account with them. I earned the money I put into the account, but did not earn any money they put in their extra.”
The judge says “The law states you have to declare all earnings, even interest from a bank, as it is declared as earnings.”
So I asked, “The bank creates money from nothing, I mean all they do is print money out that is basically worthless plastic, which holds no value beside the plastic it was printed on. They turn numbers into plastic sheets. Therefore they make something from nothing? Is this allowed?”

Now here’s where it gets tricky for the judge.
The judged could answer as “this is correct” which allows for me to reply “Well then if a bank can make something from nothing, then I must be allowed to as well without it costing me a cent? Because it is not costing the bank anything to change numbers on a computer. Therefore I earned something from nothing as well. And should not have to pay my $600 dollars as it was not earned and was given as a gift, for putting my money into their account, which I might add, they make a lot more interest off my money alone?
Judge has no other option to close the case, and no fine will be charged ever again on anyone’s money, if it was not earned, and given to a person as a gift for being with that bank.

But the Judge could also answer as “But it against the law to not pay a fine to the taxation department, regardless of whether the money comes from nothing, and was a gift.”
So I say, so it’s okay for a bank to make something from nothing, but not okay for the average person like you and me.
The judge replies “I know it does not sound fair, but the law is the law. You owe the taxation department $600 dollars.”
So I say “okay, that’s fair enough then. So I will pay the $600 dollars, but I also wish to sue the bank, for all the money I have ever paid on interest on any loan I have ever made with all my banks. Because Now I know it’s against the law to make something from nothing. And the banks do this; therefore they have broken their own law. So I will sue them for $6000 dollars for all interest paid on my loans, thank you”

Case closed

And now, all of you can take that to the bank. Stealing is an offence. It works both ways, not just one.
07-17-2014, 12:02 PM #2
Octo Mother Superior
Posts:41,538 Threads:1,589 Joined:Feb 2011
wave.gif Hi there.

Interest as a gift? I find it highly unlikely that would fly in any court. Certainly not here in the Nordic.
QuestionEverything Show this Post
07-17-2014, 12:16 PM #3
QuestionEverything Incognito
When you search around to choose a bank, We all go by the benefits a bank gives us for joining them. They give you interest on a savings account, for joining their bank, It is a gift. Because while your money sits there, they use that money to loan to others, making, more an more interest on your money. They reward you for doing this. As they might give you 3 to 4% interest, they have made any where between 100 to 200% percent or even higher, the longer you leave your money with them. So they are making more money from nothing, just because your money sits their. But they don't have to pay tax, because the taxation is run by the banks, they would just be giving the money back to themselves.
It is your tiny reward for joining them, no matter how they try to put it. it's rightfully a gift.
If you get taxed on your earnings that you worked for, and you put some of the earnings into a savings account. they reward you for doing this. But then when tax time comes again, they want to take some more back off you, for having you money in their bank, I believe this is called double taxing on one earnings. And is against the law in most countries around the world?
07-17-2014, 12:33 PM #4
Octo Mother Superior
Posts:41,538 Threads:1,589 Joined:Feb 2011
So if you borrow money from the bank you will only have to give them gifts and pay back the money you borrowed? Banks don't give gifts and you don't give them gifts.

Your whole case will collapse when it is established that interest ≠ gift
failboat Show this Post
07-17-2014, 12:50 PM #5
failboat Incognito
gifts are taxable too op. they're taxable because otherwise people would try to circumvent inheritance tax.

and btw: even if money was created the way described in your post (which isn't the case anyway) the law would still make it valuable. if the law said turds were money you'd pay in turds.
and if the law says that interest equals income then interest equals income.
and usually you don't start a philosophical discussion with a judge and the judge usually isn't going to deliver a judgment based on opinion.

edit: but hey... if you don't want to pay the tax call your bank and tell them you don't want any interest on your money.
07-17-2014, 01:09 PM #6
Octo Mother Superior
Posts:41,538 Threads:1,589 Joined:Feb 2011
This is the law regarding tax on gifts here:

What kind of gifts are subject to gift tax?

Quote:You must pay gift tax if you receive gifts worth €4,000 in total from the same donor in the course of three years. If there is more than one donor, the assessment of gift tax applies separately to the gifts of each donor.

Example: The mother and father of a grownup daughter are both separately entitled to give her, her husband, and their three children gifts worth maximum €3,999 each or — 2 × 5 × €3,999 = €39,990. The next time this mother and father can give gifts tax-free to the same recipients will be after three years.

07-17-2014, 01:10 PM #7
Octo Mother Superior
Posts:41,538 Threads:1,589 Joined:Feb 2011
(07-17-2014, 12:56 PM)the white ribbon Wrote:  i think this OP qualifies for the kritterbox trophy awards.. most interesting OP of the month.. good job.. we like your style..

*now where is that effen trophy?*

I tried to install trophies and awards, but it wouldn't work here on the moon. tissueguy.gif
QuestionEverything Show this Post
07-17-2014, 01:26 PM #8
QuestionEverything Incognito
(07-17-2014, 12:33 PM)Octo Wrote:  So if you borrow money from the bank you will only have to give them gifts and pay back the money you borrowed? Banks don't give gifts and you don't give them gifts.

Your whole case will collapse when it is established that interest ≠ gift

Actually, that's how it works, we give them gifts to keep them open and running. As they do with us if we support them. It's our way of saying thankyou for your help in getting what we wanted. And it should be the same visa versa. Either way they always win and make more money than any person knows what to do with. At the end of the day they are only numbers on a screen. If the power is gone tomorrow, those number and paper of plastic becomes worthless. The is time to know how to survive with out money, and fast.
07-17-2014, 01:35 PM #9
Accidental Stoner Member
Posts:8,641 Threads:80 Joined:Feb 2011
Am learning.

Looking at 14 days without any incom€ here 13.gif

No, wait...blues gig next Tuesday! :)

The gods are good. :)
QuestionEverything Show this Post
07-18-2014, 06:09 AM #10
QuestionEverything Incognito
Awefully quiet in here too.

Funny thing is, these people probably think I am joking. So sad.
07-18-2014, 08:50 AM #11
Stoppitt Kruger Ally
Posts:64 Threads:13 Joined:Jul 2012
I finally got to spend some time with my Mom. She had me out cutting Fir boughs and such. We made the most beautiful wreaths with pieces of ribbon and other garments. Passed them around to some local shops and really didn't make much money.

The payoff came in other ways.

It was hard work in a way. I earned a billion dollars in memories.As If there is enough to pay for those.

Grew a little potato patch there too. She is still getting them.
failboat Show this Post
07-18-2014, 10:09 AM #12
failboat Incognito
(07-18-2014, 06:09 AM)QuestionEverything Wrote:  Awefully quiet in here too.

Funny thing is, these people probably think I am joking. So sad.

no. not really. i think you don't know what you're talking about but think you know what you're talking about. and that's the only thing that's sad.

and the most stupid part was when you wrote that you're going to sue your bank. lmao.gif
07-18-2014, 11:26 AM #13
Octo Mother Superior
Posts:41,538 Threads:1,589 Joined:Feb 2011
I don't think you're joking, I just think you're wrong and your case would be thrown out of court very fast.
failboat Show this Post
07-18-2014, 11:34 AM #14
failboat Incognito
i think op has schizophrenia or some other sort of mental illness. i googled the story part and came up with a thread at lop in which op states that he's going to destroy the world.

07-18-2014, 11:39 AM #15
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
There's been a lot of talk about suing as of late. Interesting, we never had the subject come up here until recently.
I realize sometimes it's necessary, but a lot of it's greed driven ugliness in a lot of instances.



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