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the heavy taxes of the financial sector and the oligarchs on the real economy must be lowered significantly in proportion to its size.

So the solution to the problem of low median wages is to reduce taxes for the very rich ??? My arse.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 12th, 2009 at 05:05:18 PM EST
[ Parent ]
I don't think that's the meaning. I think the author is using tax in the meaning "to make onerous and rigorous demands on". Note the proposition "on the real economy". I was puzzled at first as well, which suggests that this is poorly written (and I've no idea what "in proportion to its size" means).
by gk (g k quattro due due sette "at" gmail.com) on Sun Jul 12th, 2009 at 05:13:05 PM EST
[ Parent ]
It's making the point that the financial sector TAXES the real economy.

Which is true, although the wording could be clearer.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jul 13th, 2009 at 05:28:43 AM EST
[ Parent ]
Having a financial sector is taxing...

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Mon Jul 13th, 2009 at 05:32:41 AM EST
[ Parent ]

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