Post
Topic
Board Economics
Re: Why the banks dont give free money? Why they loan it?
by
V for Varoufakis
on 31/03/2016, 19:09:10 UTC
Most people dont know that it is illegal to payback a loan to a bank with or without interest. Only a contingent tax is legal. If they knew it, massive lawsuits would happened against the banks.

What? I don't understand what you mean. You mean it's illegal to pay a loan?

Yes, because it is double charging, you  pay 1)the tax and 2)the loan and if you pay interest it is triple charging.

I still don't understand. You don't pay the tax, what kind of tax do you pay on a loan?

I mean the tax to the state.