My point is that the banking lobby has proven itself wrong once. Why should we believe them now, especially with the financial interest they have? They obviously don't get that the bailouts are the reason we're bumping up against the ceiling now - I mean shouldn't the banks acknowledge this and offer the government a bailout or something?
Agree. So excise tax on salaries from companies in the industry. Want to tax the rich? OK- 90% excise tax on all compensation for people in the banking industry making over XYZ/yr. Fixed to their current occupation, in other worRAB if they switch industries, the tax stays there. That's how to play the game. Not bend over backwarRAB to raise the debt "ceiling" when we're hitting it because of mismanagement by the same assholes who say a default will cripple the economy.
That's why an excise tax. It hits all of them. Put it on the salaries of people in the banking/finance industry so it doesn't hurt the business itself. And fix it so you can't dump the tax by switching employers. People who ENTER the banking industry fresh don't pay the tax. It should be focused on executives and upper management of banks that received bailout money, and it should be extremely punitive. Some countries have a 'wealth' tax that is based on assets. I say this is also a good idea - hefty tax on personal wealth.
And you know what - none of these are actually taxes in my book. They're a refund of the bailouts, paid by the people responsible for the mess.
Just an example.