The economic terrorists at the banks have just plundered another 40 billion of our hard earned cash, this time through the IMF. http://www.bbc.co.uk/news/uk-politics-15611429 Make no mistake these psychotic selfish treasonous savages are a greater threat to our national security than Al Qaeda have ever been.
I thought the conservatives argument was that taxation hurts the economy and is a disencentive to growth. Yet here they are taxing the middle class to give to banks! Investors that own corporate stock in financial companies and wealthy people with more money in the bank will benefit.
Only an idiot would think bringing down the entire financial sector of the global economy is going to improve everything. Society needs banks, it needs loans, and in order to give those loans banks need capital, something they don't have. So what is the solution to the problem? You can't have theft without a cash transfer now can you?
Simply moving money around from the deserving to the undeserving is not going to help. The financial sector "collapsing" would not be any more damaging to the economy than raising enough taxes on the working people and small businesses to keep the financial industry on life support. I say let the banks fail. Even if they all went bankrupt (which is never going to happen), new banks would quickly pop up in their absence. What you are saying is that the bank will not lend me any money, so your solution is to tax me to inject money into the bank so it can lend money back to me? That makes absolutely no sense.
Society need banks, not bankers. Nationalise them, scrap the casino banking completely. May as well. The losses have been nationalised already, so only a fool would argue the profits should not be too. Oh and jail the top bankers for life for the protection of society. These animals are just super-fraudsters who have robbed every family in Europe.
Society does not need banks that make reckless decisions that endanger the economy and then demand the public to make good on them or else. Instead of continually knuckling under to these extortionists we should just nationalize the banks. Sure we need banks, but not that kind.
So long as they're "too big to fail" they are effectively nationalised; capitalised profits and socialised losses. While obviously we need banks, the current situation is incredibly far from where it needs to be. The same can be said of the stock markets. Initially they were there as a mechanism for people with capital, to invest in a company and receive dividends in return. Now, since the advent of computers, dividends are far less the incentive, increase in share price is the predominent incentive. This makes the stock market as a whole very very unstable. We need to simplify both banks and the stock markets, if we and our children want to stand any chance of being able to retire on even a moderate income.
You can ask yourself a few questions: What is the purpose of banks? Are they fulfilling that purpose?
You can also ask another question. Who is supposed to be the best at handling money? If a bank cannot handle its money why is it even in business? They should have their banks repossesed...just like a homeowner that can't pay his bills. These are the guys that advise people on how to handle money and they can not handle their own. Sick...just plain sick.
People are dying of poverty in the UK! http://www.dailymail.co.uk/news/art...ullins-wife-Helen-driven-suicide-poverty.html
