Why should those who make their income by gambling in Wall Street s casinos be taxed at a lower rate than those who earn their money in other ways.

Capital gains should be taxed at least at as high a rate as ordinary income.

As a result, commercial providers of debt or equity cannot get the high returns and quick exits that they seek.

Rather, the banking system is at the brink of insolvency, with a permanent loss in equity capital.

Abolition of taxes on realized capital gains increased the sales of shares enormously.

At a minimum, proprietary trading ought to be financed by banks own capital.

They will continue to deprive the banking system of its equity capital, with little chance of it being recouped in the near future.

China could usefully explore shifting part of the burden from labor toward property, capital gains, and inheritance taxes.

With the property market booming, prospective capital gains promised untold wealth.

The lack of equity resulted largely from the concept of limited liability, which provided an incentive for excessive leveraging.

Corporations, moreover, are holding the largest amounts of cash, relative to assets and net worth, ever recorded.

My profits were just on paper.

I am convinced that we need an overall cap on leverage on banks balance sheets, regardless of risk asset weightings or value at risk measurements. The fact that equity to asset ratios are currently averaging out at about 3 tells you everything that you need to know about the inadequacy of the current pro cyclical capital requirement framework.

The fact that equity to asset ratios are currently averaging out at about 3 tells you everything that you need to know about the inadequacy of the current pro cyclical capital requirement framework.

They put the Americans, deluded by grandeur, in their place.

I say this from my own experience.

Income tax relief due in 2003 has been postponed.

One post in the middle of August (when the Bank s top cats were certainly away, allowing free rein to the mice) pointed to some of the weaknesses in banks internal capital models, which are at the heart of the Basel 3 capital requirements regime.

If you are a high net worth investor, or a sovereign wealth fund, it makes perfect sense to hold a small percentage of your assets in gold as a hedge against extreme events.

The mutual interaction between the incentive to minimize equity capital and the incentive to gamble in order to exploit the upside risks caused America s crisis.

And yet, despite what pundits claim about strong balance sheets, firms debt levels, relative to assets and net worth, also remain near record high levels.

The reduction in tax collection can increase disposable income.

When private incomes fall, so do public revenues.

Military occupation saps dignity, and grinding poverty and economic disarray sap hope.

Peace is about dignity and hope for the future.

His income was diminished by half after retirement.

He's a victim of his own success.

She's a victim of her own success.

Tom killed his own father.

Tom murdered his own father.

Tom is afraid of his own son.

Mary is afraid of her own son.

He killed his own father.

She killed her own father.

He murdered his own father.

She murdered her own father.

Tom betrayed his own brother.

Banks would scale down their balance sheets in proportion to their reported equity losses and exacerbate the credit crunch from which the world is already suffering today.

Gordon focuses on the effect of technological innovation on Americans real incomes.

Using a measure of comprehensive income money income, total capital gains on wealth, imputed rent on owner occupied housing, non cash government benefits, and public consumption income taxes are generally progressive.

Regulators have proposed steep hikes a Bank of England study, for example, suggested a more than three fold increase.

Lack of equity capital, in turn, made risk averse shareholders hire gamblers to manage their limited liability investment companies.

UNOPS provides start up funds from its administrative budget only in order to leverage the first one or two projects.

Thereafter, the earnings from these projects serve to leverage additional projects and to replenish the administrative budget.

That is in addition to explicit tax hikes on income, capital gains, and dividends, the implicit ones on energy via cap and trade, etc.