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Originally Posted by andrej_NDC
Aren't US taxes about 50% for good earners, too?
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No top bracket is 35%
Quote:
Originally Posted by roly
investment banks are privately owned (although they are gambling with other peoples money), how can it not be capitalism?
it couldn't be allowed to collapse, that would have been financial armageddon.
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Free market is the word, not capitalism, in a real free market AIG and rest of the crooks on Wall St would have failed. While you want to call it "financial armageddon", I call it a market correction