Thread: Quiz about money.

All sovereign governments can bypass financial sector. Financial sector can be severely restricted to not impair real economy. Credit creation can be operated as a public infrastructure, public utility, to eliminate не трудовые доходы.

Originally Posted by Seraph

All sovereign governments can bypass financial sector. Financial sector can be severely restricted to not impair real economy. Credit creation can be operated as a public infrastructure, public utility, to eliminate не трудовые доходы.

Imho: In theory...

But also any credit has a beneficiary - the roads are build by someone, the utility is run by someone, the credits are operated by someone. It is not always нетрудовые доходы, it is a premium/ Profit/ %/ bonus and etc. Any businessman are attracted by the opportunity of getting even more profit, isn't it? Also there is no point to work more for less profit if there is a choice.

Also they will be taking funding from the government for various projects. And give the money away in bonuses and premiums for suppliers, and their suppliers, and their suppliers... And they won't forget themselves and the guys who helped them to win the tender, consultants and experts...

Besides, the recent events showed that the government has no enough competence to close the holes in legislation in due time.

And also sovereign governments (in our case US) are returning (printing) national debt to....yes, other countries (and foreign banks, funds, trusts, and etc.) too...which can't be that easily controlled. Where do you think they will invest the money?

And I'd like to add that increasing taxes on rich can at least partially reduce the money drainage into finance sector for some time. As it is not the janitor or school teacher who plays on stock exchange. In the long run, as a Russian proverb says - should the prices go up, it is not me who will be smoking less, it is you, my son, who will be eating less. So, there should be other measures implemented too.