Taxpayer
in sentence
118 examples of Taxpayer in a sentence
The fact that an even larger catastrophe would have resulted had governments not been willing to draw on
taxpayer
funds to bail out the banks was an additional blow to those who have told us to trust the unregulated market.
This means that most of the cost risks associated with longevity fall on government and the
taxpayer.
Second, a clear cost ceiling should be set for these schemes;I have suggested basing this limit on the percentage of pensionable pay financed by the
taxpayer.
This realization – that the European
taxpayer
does not have to save every troubled bank – might have a very beneficial effect, because Germany’s resistance to a banking union is motivated by the fear that German taxpayers would be forced to underwrite indirectly the losses of banks in the distressed countries of the eurozone periphery.
The status quo allows banks instead to leverage
taxpayer
assistance by holding razor-thin equity margins, relying on debt to a far greater extent than typical large non-financial firms do.
But both left and right agree on the fundamental asymmetry that the recent “Citigroup Amendment” implies: Bankers get rich whether they win or lose, because the US
taxpayer
foots the bill when their risky bets fail.
After all, why should companies benefit from
taxpayer
support if they are unwilling to put accountability and educational excellence at least on the same level as their targets for return on investment?
To see why, consider the tax rate necessary to pay for social benefits, which equals the replacement rate (the average level of benefits relative to
taxpayer
incomes) multiplied by the dependency ratio (the share of the population receiving the benefits).
If the Bundeswehr’s guns don’t work, its frigates are in dry dock, and its logistical capacity is zero; what other commitments might the French
taxpayer
be taking on?
Indeed, it appears that the typical northern European
taxpayer
supports the typical stakeholder in northern European banks that are over-exposed to southern European debtors.
For their part, politicians must participate in the
taxpayer
identification system.
Denmark’s wind industry is almost completely dependent on
taxpayer
subsidies, and Danes pay the highest electricity rates of any industrialized nation.
In bad times, it is national taxpayers who pay for any financial-sector trouble, because there is no pan-European
taxpayer
or plausible burden-sharing models.
And speculators must take responsibility for their decisions, and stop clamoring for
taxpayer
money whenever their investments turn bad.
Accusations that Switzerland is a tax haven usually come from countries that have a low level of
taxpayer
honesty.
The Swiss state, by contrast, has an excellent relationship with its taxpayers, and there is a correspondingly high level of
taxpayer
honesty.
There was no need for government regulation to bring about this transition; in fact, had modern corporatist states attempted to do so, today they would be propping up MySpace with
taxpayer
dollars and campaigning on a promise to “reform” its privacy features.
It also takes substantial steps to limit subsidies for fishing fleets – which in many countries waste
taxpayer
money and accelerate the depletion of marine life.
It is unacceptable that EU
taxpayer
money is being used to prop up the vanity projects of illiberal elites who show no compunction about undermining the democratic institutions that make the EU what it is.
A pension is a long-term commitment from the state – and, ultimately, the
taxpayer
– to an individual politician.
And, if the bets don’t pay off, the cost to the American
taxpayer
will be even larger.
With such a swap, confidence could be restored to the banking system, and lending could be reignited with little or no cost to the
taxpayer.
Aside from costing billions of
taxpayer
dollars, Paulson’s plan violates the fundamental capitalist principle that whoever reaps the gains also bears the losses.
Do we want to live in a system where profits are private, but losses are socialized, where
taxpayer
money is used to prop up failed firms?
However, this entire potential cost is due to the Trump administration’s disruptive policies and represents a scandalous waste of
taxpayer
money – an amount equal to about one-third of the entire annual budget of the US National Institutes of Health.
Quite a few of them are already back at the table gambling away with the taxpayer’s money and peddling their new “financial products”; they know that when the next crash comes, the
taxpayer
will have no choice but to bail them out again.
There is obviously a lot of sense in this: public policy – whether spending
taxpayer
money or regulating business – should return as much value as possible.
Bush’s Republicans favor increasing disposable family income (by reducing taxes) and more often leaving to the market, the production of goods and services now publicly provided and paid for by the taxpayer, rather than the user.
Italians already shoulder heavy taxes: an individual
taxpayer
with annual income of €50,000 pays €15,000 in income tax; with two children, that total drops by only €1,000.
By contrast, a French
taxpayer
with the same income pays only €9,000; with two children, the tax bill plummets to €3,000, and a €1.5 million fortune would mean an additional wealth tax of only €4,230.
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