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Originally Posted by elTwitcho
I only glossed over most of your post, because the important part is in bold. Thanks for agreeing with me.
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LOL, nice post. I suppose at this point, having lost the argument, the best tactic is to declare victory and retreat.
Quote:
Originally Posted by elTwitcho
Kind of like how even though there is traffic laws we still have accidents, so the solution is to completely remove any restrictions on what you can do behind the wheel. Brilliant!
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The problem with your analogy is that capital is mobile. When you overburden it with regulations, taxes, etc..., it leaves. If you'd like to drive capital away, increase regulations on these industries. That way nobody will be able to get a mortgage.
You also continue to ignore the fact that the mortgage and banking industries are already heavily regulated. Despite this, the solution is apparently to pile on more regulations. Wow, not very bright.