Italy shocks banks with 40 percent windfall tax for 2023
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Re: Italy shocks banks with 40 percent windfall tax for 2023
#2Ah well if Italy is doing it, we all should. They manage their economy famously well.
Do the banks get a "windfall subsidy" when they have bad years?
Re: Italy shocks banks with 40 percent windfall tax for 2023
#3Ah well if Italy is doing it, we all should. They manage their economy famously well. Do the banks get a "windfall subsidy" when they have bad years?
Yes, but we call them bailouts.
Re: Italy shocks banks with 40 percent windfall tax for 2023
#4Re: Italy shocks banks with 40 percent windfall tax for 2023
#5so.... if banks make "super profit", doesnt that imply they managed to gouge customers by charging them excess % on their loans and fucked depositors by giving them less % on their deposits?
Re: Italy shocks banks with 40 percent windfall tax for 2023
#6so.... if banks make "super profit", doesnt that imply they managed to gouge customers by charging them excess % on their loans and fucked depositors by giving them less % on their deposits?
It also implies a booming, healthy economy where more people want money to start businesses. Also, you can choose your tyrant. If the bank you're at offers you shitty deals, switch the bank.
Nobody forces you to accept bad deals. By the way, do you have time to talk about this amazing money-doubling service I've created?
Re: Italy shocks banks with 40 percent windfall tax for 2023
#7I see some mentions of Spain and Hungary, what are the chances of contagion across governments?
What about contagion to other sectors Oil & Gas?
Retail players (P&G, Unilever, Nestle, Etc.)?
Re: Italy shocks banks with 40 percent windfall tax for 2023
#8so.... if banks make "super profit", doesnt that imply they managed to gouge customers by charging them excess % on their loans and fucked depositors by giving them less % on their deposits?
It also implies a booming, healthy economy where more people want money to start businesses. Also, you can choose your tyrant. If the bank you're at offers you shitty deals, switch the bank. Nobody forces you to accept bad deals. By the way, do you have time to talk about this amazing money-doubling service I've created?
yes. i am indeed free to discuss the same with the current nigerian prince. (/s obviously)
Re: Italy shocks banks with 40 percent windfall tax for 2023
#9so.... if banks make "super profit", doesnt that imply they managed to gouge customers by charging them excess % on their loans and fucked depositors by giving them less % on their deposits?
It also implies a booming, healthy economy where more people want money to start businesses. Also, you can choose your tyrant. If the bank you're at offers you shitty deals, switch the bank. Nobody forces you to accept bad deals. By the way, do you have time to talk about this amazing money-doubling service I've created?
> It also implies a booming, healthy economy where more people want.money to start businesses
Lol, have you ever been to Italy...? Banks will not lend to you unless you're quite rich already. Catholicism says debit bad, and the country is pretty conservative as a whole.
Italian banks making money implies two things: them screwing consumers (famously called literally "available cattle", il parco buoi, in local finance circles) and rich people getting richer.
Re: Italy shocks banks with 40 percent windfall tax for 2023
#10I see some mentions of Spain and Hungary, what are the chances of contagion across governments? What about contagion to other sectors Oil & Gas? Retail players (P&G, Unilever, Nestle, Etc.)?
UK half-heartedly tried with oil&gas, the companies largely found ways to avoid it.