View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JohnM who wrote (220146)	3/21/2013 10:26:46 PM
From: cosmicforce	Read Replies (1) of 542201

A classic play: a rich country subsidizes, matched by an increase in that thing subsidized (in this case banks)... So, by subsiding the banks, we get bank flight to poorer tax havens where they take the subsidy we gave them and move it to the new country to avoid taxation. The rich follow their money, at least part time, only to run up real estate. It becomes trendy due to the wealthy building out high end infrastructure (high end apartments and hotels, restaurants, etc), so movie stars and the marginally rich and famous follow. Trend stalls - becomes uncool as crime rate spirals up due to uptick in the income disparity. Social instability increases. Rich flee - taking money with them. Cycle repeats. This is all very Gatsby-ish.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next