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How Trump's Newly Approved Tax Reform Will Affect Nigeria? - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsHow Trump's Newly Approved Tax Reform Will Affect Nigeria? (5330 Views)

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Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 12:32am On Dec 22, 2017
mikolo80:
socialism makes few rich. Capitalism makes majority rich so long as you're not lazy
No one must be richer than the King. grin

Stop calling collective economy socialism. A self control and powerful society doesn't encourage a free meal such as socialism. An art and craft economcy is no welfare state.
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 12:36am On Dec 22, 2017
KingSango:
No one must be richer than the King. grin

Stop calling collective economy socialism. A self control and powerful society doesn't encourage a free meal such as socialism. An art and craft economcy is no welfare state.
it's either socialism or capitalism or slavery choose one
Arts and crafts is capitalism
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 12:38am On Dec 22, 2017
mikolo80:
it's either socialism or capitalism or slavery choose one
Arts and crafts is capitalism
If you listen you can teach. Listening and knowledge must not be separate. Capitalism, Communism and Socialism are European terms.
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 12:42am On Dec 22, 2017
KingSango:
If you listen you can teach. Listening and knowledge must not be separate. Capitalism, Communism and Socialism are European terms.
their terms
But the concepts are universal
Either work for yourself (capitalism) or for the group (socialism communism)

People work more efficiently for themselves to get rewards
Few people work in a group Cos they are penalised for working
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by SalamRushdie:
The only fallout of the Trump tax reforms is that Nigerians living in US will send more money back to loved ones at home due to more expendable dollars in thier wallets...Trumps tax reform is a win win for everyone
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 12:46am On Dec 22, 2017
SalamRushdie:
The only fall of the Trump tax reforms is that Nigerians living in US will send more money back to loved ones at home due to more expendable dollars in thier wallets...Trumps tax reform is a win win for everyone
Or just the opposite. grin Always be careful of what you wish for.
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 12:48am On Dec 22, 2017
mikolo80:
their terms
But the concepts are universal
Either work for yourself (capitalism) or for the group (socialism communism)

People work more efficiently for themselves to get rewards
Few people work in a group Cos they are penalized for working
That's the old thinking and it hasn't worked for lifting up any African nation. grin
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 12:51am On Dec 22, 2017
KingSango:
That's the old thinking and it hasn't worked for lifting up any African nation. grin
there is no capitalist African nation
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 12:56am On Dec 22, 2017
mikolo80:
there is no capitalist African nation
There's plenty of capitalistic investments though.
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 12:59am On Dec 22, 2017
KingSango:
There's plenty of capitalistic investments though.
all depending on crucially on socialist govt. (electricity, railways,river Niger licensing,ports congestion,) so private investments remains very ineffective
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 1:01am On Dec 22, 2017
KingSango:
That's the old thinking and it hasn't worked for lifting up any African nation. grin
thinking not same as implementation
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 1:03am On Dec 22, 2017
mikolo80:
all depending on crucially on socialist govt. (electricity, railways,river Niger licensing,ports congestion,) so private investments remains very ineffective
The issue is the ordinary Nigerians don't save enough to have capital investment therefore always struggling so the established businesses can't grow either. If you lower the price of food then the price of fuel goes up because it takes fuel to run trucks to deliver, tractors to work fields, and to run machinery. But there is a solution.
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 1:06am On Dec 22, 2017
mikolo80:
thinking not same as implementation
Implementation is requires power and self control.
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 1:08am On Dec 22, 2017
KingSango:
The issue is the ordinary Nigerians don't save enough to have capital investment therefore always struggling so the established businesses can't grow either. If you lower the price of food then the price of fuel goes up because it takes fuel to run trucks to deliver, tractors to work fields, and to run machinery. But there is a solution.
remove govt restrictions and 'big ' investors will sort electricity which will encourage manufacturing which will provide jobs.

Lack of savings is govt (socialist) fault cos ppl keep hoping for manna to fall from govt instead of solving their problems themselves. Cruel.

And you haven't mentioned your solution
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 1:09am On Dec 22, 2017
KingSango:
Implementation is requires power and self control.
this is poor ppl problem world over. Zero motivation
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 1:14am On Dec 22, 2017
mikolo80:
remove govt restrictions and 'big ' investors will sort electricity which will encourage manufacturing which will provide jobs.

Lack of savings is govt (socialist) fault cos ppl keep hoping for manna to fall from govt instead of solving their problems themselves. Cruel.

And you haven't mentioned your solution
1. People must invest in themselves in small increments into one pot with their local leadership to form capital investment. Small groups at first and then plot a trajectory of gathering more people as profits from investments grow to accommodate more people.

2. Lower the price on every single good and service. Offer a discounts as oppose to hand outs. This way businesses generate more costumers and increase profits. Consumers have more money in their pocketbooks and can start to save, buy more or start their own businesses.

That is just the beginning, it is much more detailed than that but those are two of the key points of the proposal. grin
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 1:20am On Dec 22, 2017
mikolo80:
this is poor ppl problem world over. Zero motivation
Sango is passion. Passion is fire. Passions color is red. Benefits motivate people.
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 1:21am On Dec 22, 2017
KingSango:
Sango is passion. Passion is fire. Passions color is red. Benefits motivate people.
no benefit in socialist dominated country
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 1:23am On Dec 22, 2017
mikolo80:
no benefit in socialist dominated country
There's benefits in everything. Stop thinking in European terms and invent your own equations and scripts. grin
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 1:26am On Dec 22, 2017
KingSango:
1. People must invest in themselves in small increments into one pot with their local leadership to form capital investment. Small groups at first and then plot a trajectory of gathering more people as profits from investments grow to accommodate more people.
Cooperative or corporations

2. Lower the price on every single good and service. Offer a discounts as oppose to hand outs. This way businesses generate more costumers and increase profits. Consumers have more money in their pocketbooks and can start to save, buy more or start their own businesses.
Result of division of labour and economies of scale
That is just the beginning, it is much more detailed than that but those are two of the key points of the proposal. grin
I've got the gist
same with my plan.start small
Scale up
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 1:31am On Dec 22, 2017
mikolo80:
Cooperative or corporations



Result of division of labour and economies of scale
I've got the gist
same with my plan.start small
Scale up
The gist is combing number 1 with number 2 in comprehensive and effective manner. grin
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 1:48am On Dec 22, 2017
KingSango:
The gist is combing number 1 with number 2 in comprehensive and effective manner. grin
tis the only way
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 1:55am On Dec 22, 2017
mikolo80:
tis the only way
I have done this and more in my mind only need to put it on paper for a strong proposal.
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by SLIDEwaxie(m): 2:12am On Dec 22, 2017
KingSango:
Mali had the richest man in history and do you know what type of economy they had? It wasn't capitalism. grin
kingsango, I sent u a pm... We can be friends, but don't push your religion in my face.
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 2:26am On Dec 22, 2017
SLIDEwaxie:
kingsango, I sent u a pm... We can be friends, but don't push your religion in my face.
Sure, welcome aboard the Sango express to OyoTunji. High speed rail from Lagos to Ibadan. grin

Ase

Love Sango
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 7:53pm On Dec 22, 2017
KingSango:
I have done this and more in my mind only need to put it on paper for a strong proposal.
me too
google the Mondragon cooperative
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 7:54pm On Dec 22, 2017
KingSango:
There's benefits in everything. Stop thinking in European terms and invent your own equations and scripts. grin
of course there is benefit for the lazy which makes the hardworking feel stupid and also become lazy
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 7:55pm On Dec 22, 2017
mikolo80:
me too
google the Mondragon cooperative
The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain. It was founded in the town of Mondragon in 1956 by graduates of a local technical college. Its first product was paraffin heaters. It is the tenth-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country. At the end of 2014, it employed 74,117 people in 257 companies and organizations in four areas of activity: finance, industry, retail and knowledge.[3] By 2015, 74,335 people were employed.

Exactly. wink
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 7:59pm On Dec 22, 2017
mikolo80:
of course there is benefit for the lazy which makes the hardworking feel stupid and also become lazy
Most certainly a product of socialism.

But capitalism makes people very individualistic, anti-social, human eaters, and believe they can overthrow the King. grin

Accepting Whiteman's terms accepts all the bad that comes with his demonic theories. Nothing the savage ever had do we need to build economy and civilization. Nothing.

Ase

Love Sango
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 8:07pm On Dec 22, 2017
KingSango:
Most certainly a product of socialism.

But capitalism makes people very individualistic, anti-social, human eaters, and believe they can overthrow the King. grin

Accepting Whiteman's terms accepts all the bad that comes with his demonic theories. Nothing the savage ever had do we need to build economy and civilization. Nothing.

Ase

Love Sango
it is not Whitman o
it's nature
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by mikolo80: 8:08pm On Dec 22, 2017
KingSango:
The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain. It was founded in the town of Mondragon in 1956 by graduates of a local technical college. Its first product was paraffin heaters. It is the tenth-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country. At the end of 2014, it employed 74,117 people in 257 companies and organizations in four areas of activity: finance, industry, retail and knowledge.[3] By 2015, 74,335 people were employed.

Exactly. wink
worth 17 billion a few years ago with just 80,000 members
Re: How Trump's Newly Approved Tax Reform Will Affect Nigeria? by KingSango(op): 8:14pm On Dec 22, 2017
mikolo80:
worth 17 billion a few years ago with just 80,000 members
Then bring a proposal to Nigerians. Muster your forces and form these worker cooperatives in farming and other natural resources areas.
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