imported_gatherer

well it's time to bow our heads in silence

LINK

PULOVR

repost...where have you been?

imported_gatherer

it's been posted already that Mugen is closing it's doors....

I know it's been posted that the head of mugen is thought to have commited tax evasion. but if you look at this story it claims a new company called M-TEC will be created and Mugen will shut down.

bttrfly23jam

Hey

bbarbulo

iTrader: (2)

not shut down... just renamed for legal purposes to being a division of M-TEC... that way everything that they make from now on will be OUTSIDE of the lawsuit and not subject to the penalty of Mugen, as Mugen's assets will likely get liquidated to cover the tax scam. IMO, white collar crimes never hurt nobody.... How many ppl does Honda hire? Why do they gotta trip over some silly tax?

Astroboy

Ok, that has got to be the dumbest thing I ever heard.

If white collar crimes never hurt anyone, then what about Enron and all those other huge companies now in turmoil. All there employees with families, mortgage payments, car payments, now probably working in a Mcdonalds earning pennies compared to what they use to just to feed there family because of a "white collar crime that never hurt anyone" Yes taxes in most countries are high, but who will pay for all the government services, like free health care for us for example. And yes I know gov'ts waste tons of public money but having everyone fraud the tax system isn't a good solution now is it?

Yes Honda hires tons of people, so did Enron, but now they don't.

bbarbulo

iTrader: (2)

I fail to see your point

bbarbulo

iTrader: (2)

gov't and social nets introduce enormus inefficiencies to the economic model of the free market upon which "capitalist" economy is based. Namely, it promotes such things as crime... cuz if you take what someone else owns... it's now yours.

There are two ways to run a country... communist/socialist oriented or free market. A piecemeal solution of the two may seem like a great idea to the Joe Blow with no education because "We is getting the best of bof wurlds". Well, to an academic, this mixture of economic systems is a horror in itself, proven in utility studies, and simulations of the two economic models. While this becomes a political issue, it's a mathematical fact that pure economies are better than mixed. It is indeterminable whether socialism or capitalism come out on top, but it has been proven that both are better than what we face today.

What world you live in is your choice... if you like the idea of free health care, go live in communism. If you like the idea of personal freedom, go live in capitalism. In theory, if the world was split down the middle, the two sides could have free trade to greater benefit to both. Tariffs and other trade barriers would negatively impact utlilty levels on both sides since the world is not evenly furnished with natural resources.

Hope that clears up a few things for you Astroboy.

ryuujin

ummm joo speaka Engrish?

damn, that's gonna look so retarded! Look, I have M-TEC rims umm

*edit* oh nevermind, they're retaining the Mugen name..yay!

bbarbulo

iTrader: (2)

someone needs to chop this into M-TEC equipped

CiViC [-_-] BoY ™

MUGENS DONE?!?!!?!?!
NOOOOOOOOOOOOOOOOOOOO!!!!
:cry: :cry:

Astroboy

I see what your saying, and yes in some aspects I would agree an economy based on bits from each model will be worse than an full fledged socialist or capitialist system.

All I was trying to say is that white collar crimes in todays society do hurt people.

93hatchcx

boooo m-tec sounds silly, mugen way bester

imported_gatherer

bbarbulo you have really good points about the social econmical state we are in.

Taxes are the worst thing created. initially they were levied only during war time but then the government needed money on a consistance basis for social programs... well what happened then? a consistant tax on the rich ... an income tax. this tax helped for a bit but then the rich discovered that they could shelter themselves with corporations as more of the rich did this taxes were levied on poorer and poorer people. the result? today the middle class and poor pay for the most of our social programs while the rich shelter themselves as much they can by incorporating...

the difference between business and personal taxes is simple.

personal taxes are levied on the amount you make before expenses are considered. while coporate taxes are levied on profits ... profits are revenue (or income) minus expenses which means less tax. personal income tax doesn't account for expenses.

bbarbulo

iTrader: (2)

I see what you are saying, but my point is that white collar crimes are in fact REWARDED heavily in society with enormus personal gains to one person at a only minimal cost to many many ppl. Like if everyone gets gypped a dollar, there are 30 million ppl in Canada, that's $30 mill for one person... right? Would you care if for example one day your bank acc't dropped a buck? prolly not... that's how banks make money - service fees.

Another example is insider trading... does it matter than Martha Stewart traded on insider info?? IMO, no... if you are resourceful enough to obtain insider info, and have capital to move... then why not??

As for taxes... we get taxed when we make money, we get taxed when we spend it, we get taxed after we die on our belongings. You spend money you pay sales tax... you save money, you pay capital gains tax when does it stop... and they pull out more and more money from publically funded "social" programs such as health care (let us not forget the health care reform of Ontario in the mid 90s), out of schools, and out of our infascructure (hydro, roads, etc.) yet I didn't see our taxes or our quality of life improve. I'd be perfectly content to pay my taxes and see that money being put to good use... what use you ask?? How about research - knowledge is money, research both increases knowledge AND creates jobs - a great boost for the economy! But NOOOOO!!! we'll spend that money creating reports, holding meetings, attending international conferences, and supporting public workers who do absolutely nothing for us. I swear if Canada gives that gimp Bush any ******* money for rebuilding his new colony over in the middle east, I'd freak out. It's understandable that we would do that cuz we benefit from lower costs of crude petroleum, but that's a volatile situation that can't last too long. All the money that went into war and now rebuilding the desert should have gone into the domestic economy, for one... doing research on alternative fuels or making synthetic gasoline cheaper. Doh! nobody thought of doing that... cuz it's fun to blow up those who have tresspassed on us, even if the only thing they have in common is that the guy who perhaps organized the 9-11 "attack" (if you wanna call it that) and the ppl that live in the country have the same religion and color of skin. But hey... patriotism is a great fire starter, esp if you wanna convince an american he needs to go over and kick some foreign ***... and it's a great way to mask an attempt to create an american-run colony that is in the viscinity of 75% of the world's oil supply. So now tell me... who's a bigger criminal, Kenneth Lay of Enron, or the ppl who head the gov't of the most powerful nation in the world? If you consider how much money Enron lost in cooking the books and getting discovered, take a look at how much money the gov't has wasted... and it's not just willing investors that get taken like suckers... it's EVERY WORKING ADULT!

bbarbulo

iTrader: (2)

for the record, unversal sales tax (percentage based) is okay since it does not affect consumer behaviour, but it does reduce utility (quality of life if you will).

Nova_Dust

Well, use Spoon parts then...

bbarbulo

iTrader: (2)

Mugen is not dead you *****... it's keeping the same name, just headed as a division of a parent company named M-TEC.

Nova_Dust

Ya you noobs....

cosmic zx2

repost
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