myer Wrote:
Mar 17, 2013 1:06 AM
So what's the solution? Laws or regulation to stop this sort of short term investment bank looting? High taxes on people who make money by destroying companies? How about this suggestion? If you are an investment banker you have to pay tax on any money made by leveraging other people's money as ordinary income and the rate for any income over 10 million is taxed at 50% or how about make them personally responsible for the company's bankruptcy