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The economy is not a fixed pie that you can just take slices from one sector and give them to another. Financial services provide liquidity that supports every
by lukas099 1y ago
The economy is not a fixed pie that you can just take slices from one sector and give them to another. Financial services provide liquidity that supports every other sector; getting rid of them would cause contraction in every other sector.
- puchatek 1y agoThat's true to a degree. But giving them free reign inventivizes the kind of behavior that gave us the 2008 financial crisis. So the commenter can be forgiven for wanting to limit that sector.
- airstrike 1y agoThey don't have "free reign". And who's to say whether 9% is better or worse for society as a whole. The comment is an uninformed take.
- tonyedgecombe 1y agoIt feels like a fairly hefty tax for the benefits it provides.
- airstrike 1y agoPolicy is generally decided on more than what "feels" right. You'd have to quantify "hefty" and "benefits it provides"