"where banks aren't doing anything productive with it" Funny kind of bank business not to use the money that has been deposited with them. (View Post)

L'enfer, c'est les autres. N'est ce pas? (View Post)

Yeah, and they cannot be proved wrong because if the outcome is less than their non-forecast it's because of the tightened policy, while if the outcome approaches or exceeds their non-forecast … (View Post)

Unless it falls on the immovable assets (i.e. housing) form of wealth it will be prone to large scale avoidance in the same way as iht. Many forms of capital are moveable, fungible and protean. Getti… (View Post)

To find the maximum point on the Laffer curve the condition is that the elasticity of the tax base with respect to the tax rate is equal to one. Your sense is therefore that said elasticity <1. Ot… (View Post)