Quote:
Originally Posted by Sephiroth
I've carefully explained the rationale for removing the limits on bankers' bonuses. It's a matter of economics in our principal service industry, including the tax take.
https://obr.uk/box/tax-revenues-from...ancial-sector/
Attachment 30162
You, on the other hand (and one or two others), are taking the leftie's position of citing "wealth" and "greed" as reasons for not unshackling the economy.
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The theory, at textbook level, is sound. But in practice if they're at the roulette wheel knowing the taxpayer will fundamentally back their losses - "too big to fail" - the situation necessitates tighter regulation.
If they're genuinely at the roulette wheel with their own money (no laughing at the back, please) then fair enough. Good luck to them, so long as they pay the appropriate tax of course.