By an individual who stands to get wiped out personally if it goes wrong. In exactly the way the Andy Hornby and Fred Goodwin didn't when HBOS and RBS fell over
I remember reading the tax figures. The article also made the point that income tax was the only one they could eaasily measure. It would be interesting to know what the overall tax take provided by these top 1% and top 10% were although I have no idea how one would determine that.
re. the premiership footballers, I was thinking of the situations of clubs like Leeds, Man City a few years back, Portsmouth now and Liverpool/Chelsea/Man Utd to come. These clubs are central to the supporters lives and they get blown apart by a few greedy people.
Having said that, I agree with pretty much all of what you say. It would be ideal to find a way of being able to take some sort of retrospective action against somebody who gambled, won, gambled some more, lost and then just left with their earlier winnings which is what a lot of these guys fundamentally did. What I don't know is how one can go about doing that and taxing those who benefit from the company they keep rather than the social cohesion they help create was a starter for 10, as it
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http://news.bbc.co.uk/1/hi/8417205.stm
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re. the premiership footballers, I was thinking of the situations of clubs like Leeds, Man City a few years back, Portsmouth now and Liverpool/Chelsea/Man Utd to come. These clubs are central to the supporters lives and they get blown apart by a few greedy people.
Having said that, I agree with pretty much all of what you say. It would be ideal to find a way of being able to take some sort of retrospective action against somebody who gambled, won, gambled some more, lost and then just left with their earlier winnings which is what a lot of these guys fundamentally did. What I don't know is how one can go about doing that and taxing those who benefit from the company they keep rather than the social cohesion they help create was a starter for 10, as it
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