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We just need honest regulation!

That's always difficult to impossible to achieve when private companies have a lot of money -> lot of leverage -> lot of influence over politics and bureaucrats.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Wed Oct 15th, 2008 at 05:22:54 AM EST
[ Parent ]
That's always difficult to impossible to achieve

understatement of the millennium!

if you're so smart as to be a clued-in bank regulator, how come you don't come play the game from our side and become rich?

how in heck can we pay regulators enough to be uncorruptible?

i'm agin the death penalty, but i fear it would take a deterrent of that magnitude to deter the kinds of legal (because their game designers are several steps ahead of the regulators and legislators) shenanigans that are reducing trusting citizens to penury.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Wed Oct 15th, 2008 at 06:15:26 AM EST
[ Parent ]
Hence you prevent companies and private individuals from having lots of money.

We know roughly the price of a seat in the Danish parliament. Cut that in half and set it as having 100 % rate in a progressive tax scheme. (For added fun, have double the number carry a 110 % tax rate...)

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Oct 15th, 2008 at 07:03:46 AM EST
[ Parent ]


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