Skip to comments.Back To The Future? Kremlin Proposes Taking Profits Of Private Companies To Survive Sanctions
Posted on 08/10/2018 9:50:50 AM PDT by Pavegecko
Russia is considering confiscating the profits of large private, natural resource companies in a bid to escape the pain from possible new sanctions coming out of Washington, inflicted on the Kremlin in response to the Skripal poisonings in the United Kingdom.
Putins economic advisor suggested siphoning the profits of those natural resource companies not yet hit with sanctions. The Russian president responded, Agreed, according to the Russian news outlet, The Bell.
(Excerpt) Read more at tsarizm.com ...
This looks like retroactive taxation to me.
That won’t be good for productivity.
Red to his core, once a communist, always a communist.
No wonder the Democrats are so critical of Putin, he’s stealing their playbook.
If you are OK with "Russian election meddling" as the excuse to cut Russia out of the US dollar system entirely, then go for it.
The problem with American economic sanctions is that they have a fading timeline of effectiveness. They will have to be permanent, and go to the extent (which we may be at now) where Russia is cut off from the US dollar system completely. I guarantee you, Russia will not collapse from this, and thus, we will have created a model for countries to de-dollarize completely.
I never mentioned meddling. Don’t have to. Putin and his thugs need to isolated or destroyed.
The same plan the socialist dims have for the USA if they get power again
IOW theft, pure and simple.
Time for change is fleeing by. Sad, that people can hate that long.
American sanctions on more and more nations is resulting in them dedollarizing, which is bad for us. This card has been overplayed and will lose effectiveness.
Back to communism.
But Socialism works in Europe.
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