Cable Forum - View Single Post - Britain. Ruled by the banks for the banks.

**Hugh** · 14-12-2011, 10:37

£54 billion is a lot of extra taxes - 12% of the total UK tax revenue.

Would you be willing to pay an additional 12% in Income Tax, NI, VAT, etc?

btw, you are making an incorrect assumption about not seeing that the banks have got too big, but I don't agree with your proposal cutting them off at the knees - I think they need more regulation, and as I have said before frequently, more connect between risk and reward (and you appear to be conflating hedge funds and stockbrokers with investment banks).

14-12-2011, 10:37	#19
Hugh laeva recumbens anguis Cable Forum Mod Join Date: Jun 2006 Age: 69 Services: Premiere Collection Posts: 44,315	Re: Britain. Ruled by the banks for the banks. £54 billion is a lot of extra taxes - 12% of the total UK tax revenue. Would you be willing to pay an additional 12% in Income Tax, NI, VAT, etc? btw, you are making an incorrect assumption about not seeing that the banks have got too big, but I don't agree with your proposal cutting them off at the knees - I think they need more regulation, and as I have said before frequently, more connect between risk and reward (and you appear to be conflating hedge funds and stockbrokers with investment banks). __________________ Thank you for calling the Abyss. If you have called to scream, please press 1 to be transferred to the Void, or press 2 to begin your stare. If my post is in bold and this colour, it's a Moderator Request.