Quote:
Originally Posted by Chrysalis
cue the the bankers elite core to say we as a country need these greedy capitalists.
Yes I am aware if we let them leave there would be a gap in tax income, but the entire financial sector wouldnt be gone, retail banking would remain, its just the investment side I want either gone or severely legislated and taxed.
That storyville documentary where there is a economy based on people betting on defaults and the like makes me sick to the stomach. The US and UK financial success always based on house prices and investment bankers and we now know why governments fight so hard to keep the housing market up.
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So how much tax income will that lose and where would you like the cuts to start as we will have to reduce our spending to match the loss