Can You Tax Wall Street Into Submission? « Modeled Behavior


an even worse possibility than future banks simply getting the massive profit tax laws repealed, is the threat that they manage to use the massive profit tax laws to their advantage; carving out loopholes for themselves, using the tax to erect barriers to entry, turning it into a protectionist policy that taxes foreign banks more than domestic banks… these things could all help Wall Street become less competitive, more centralized, and thus more dangerous.This whole idea strikes me as unprecedented, highly speculative, politically costly, and more likely to make things worse than better for future regulators, legislators, consumers, and taxpayers. So no, you can’t tax Wall Street into submission.

Can You Tax Wall Street Into Submission? «  Modeled Behavior

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