Geithner talk cock : need stimulus, not financial transactions tax
Rainbow 虹
more money to pay for the bad debt incurred by their greedy bankers.
http://www.reuters.com/article/newsOne/idUSTRE5A611320091108
UK is smarter to urge G20 to consider bank levy
http://www.reuters.com/article/topNews/idUSTRE5A60IP20091108
ltlee1
> Geither is talking cock. He just want the whole world to come out even
>
> UK is smarter to urge G20 to consider bank levyhttp://www.reuters.com/article/topNews/idUSTRE5A60IP20091108
Agree.
It is about externality. There is no reason why both a banking
reform and a levy cannot be applied at the same time.
Dänk 1010011010
> Geither is talking cock. He just want the whole world to come out even
>
> UK is smarter to urge G20 to consider bank levyhttp://www.reuters.com/article/topNews/idUSTRE5A60IP20091108
I think a financial transactions tax is a great idea. If someone
expects to profit off of risky securities and also expects the
government to bail out his risky investment when it fails, he should
pay some sort of tax to fund what is essentially a government
insurance program.
Capitalism is dead. True capitalism involves risk along with rewards,
but now the government assumes the risk of bad investments while
investors get to keep their profits. Since this amounts to a kind of
investment insurance, investors should be required to pay premiums if
they expect to receive bailouts.