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Top 20% of Income Earners pay 84% of Income Tax
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Quote:All of that is true, however the subprime market would not have existed if not for the state interfering in the first place. A mortgage is a risk investment for banks they are waging if you'll pay off the note they have no desire to be landlords. Removing the risk created the subprime market, I believe there was even a percentage of subprime loans that where mandatory starting in the 90sYou complain that regulations caused this to happen and you honestly think that no regulations will cause banks to behave in a proper manner that does not risk the overall economy? Why would they even care if they get bailed out? They have already made the money and have it stored off shore so they can participate in various tax loop holes. What do they care what the end result is if they can scoop up tens of millions in personal profits? Intelligent regulation is the only thing that keep the banks in a capitalistic economy like outs in check. |
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