Quote:
Originally Posted by spanna
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
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I would increase taxes to make up the shortfall, not necessarily 100% of it but since its only 11% of tax intake it wouldnt take a huge amount of increases to make it up.
I am not one of those who thinks cuts are the only ways to make up shortfalls.
---------- Post added at 09:33 ---------- Previous post was at 09:31 ----------
Quote:
Originally Posted by Hugh
If by "bankers elite core", you mean those who don't have a one-sided view on the subject*, and want to consider the implications of any drastic proposals on the overall economy, count me in as a member of the "bankers elite core". 
*but who do think that the bankers shafted the world economy due to the disconnect between risk and reward, but that they were also supported in this by governments who deregulated too far and by consumers who spent too much without thinking through who was going to have to eventually pay for this cornucopia of consumer goods and housing. |
The overall implications on our economy by this financial sector is huge, far bigger than 11%.
Also the shareholder mentality I moan about a lot, a lot of shares are owned by financial institutes so its they who have also pushed the growth at any price mentality as well. The damage to society is huge by these financial companies.
Its sad you cant see they have simply got too big.