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Your last sentence is an unbelievably ignorant comment. First, what are you going to tax? Credit card use? Home loans? Business loans? Exchanging money? Debit
by MR4D 10y ago
Your last sentence is an unbelievably ignorant comment.
First, what are you going to tax? Credit card use? Home loans? Business loans? Exchanging money? Debit card use? Deposits & withdrawals?
Secondly, making the financial industry smaller makes the economy smaller. There is a direct relationship. So if you want to shrink it, realize that your job, my job, and everyone here on HN will have their job at risk from a shrinking economy. The financial industry shrunk in 2008, and also in the great depression.
You might want to understand the cause and effect in the business before you make comments like your last sentence.
There are some simple solutions to the financial misbehavior, but politicians on both sides aren't interested in doing them. Shrinking the industry and taxing transactions aren't solutions.