Ah well if Italy is doing it, we all should. They manage their economy famously well.
Do the banks get a "windfall subsidy" when they have bad years?
Do the banks get a "windfall subsidy" when they have bad years?
"Congress approves $700 billion Wall Street bailout" - https://www.nytimes.com/2008/10/03/business/worldbusiness/03...
July 20, 2008 -> "...it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation..." - Henry Paulson
November 20, 2008 -> "...We are working through a severe financial crisis caused by many factors, including government inaction and mistaken actions, outdated U.S. and global financial regulatory systems, and by the excessive risk-taking of financial institutions..." - Henry Paulson
Should the Silicon Valley banks that have recently failed also pay a windfall tax? And if not, why tax success? Because it's clearly not a 'windfall' if it only goes to people that made good predictions and not ones that made bad predictions.
Is that sarcasm? Cause yeah, they generally do…
Is that like "windfall taxes" where the banks buy shares in the government and get repaid later?
If it helps society to be more productive in the long-term, yeah (in an indirect way)?
No, never happened as far as I can remember.
Where were you in September 2008?