Taxpayers
in sentence
648 examples of Taxpayers in a sentence
Debtor governments should call upon their own
taxpayers
to fund some of the national debt in order to avoid higher interest rates in credit markets.
The idea is to create more freedom for
taxpayers
to manage their pension funds, bringing incentives for the allocation of these monies into stocks and bonds.
A similar difference exists in health policy: Bush prefers fiscal relief for
taxpayers
so that they can buy private medical insurance;Gore prefers public management with more public intervention.
Governments nowadays are essentially running gigantic redistribution machines that steer funds from
taxpayers
to transfer recipients and other beneficiaries of public expenditure.
A year later, when private Irish banks imploded, threatening their (mainly) German private creditors with severe losses, Jean-Claude Trichet, the European Central Bank’s then-president, immediately “informed” the Irish government that the ECB would shut down ATMs across the Emerald Isle unless Ireland’s unsuspecting
taxpayers
made the German banks whole.
Financial stability was obviously a smokescreen:
taxpayers
were forced to repay even the debts of a bank that had already been closed (and thus systemically irrelevant).
Trichet compromised Ireland’s sovereignty to facilitate German bankers’ free ride on the shoulders of Ireland’s
taxpayers.
This can be explained by the fact that Israel is supported by Western governments and generously subsidized by American
taxpayers.
And, because few
taxpayers
have incentives to inflate their reported income, the resultant figures are unlikely to be overestimates.
Excessive leverage, rather than skills, can be seen as the source of their resulting profits, which then flow disproportionately to employees, and of their sometimes-massive losses, which are borne by shareholders and
taxpayers.
In other words, banks take risks, get paid for the upside, and then transfer the downside to shareholders, taxpayers, and even retirees.
Taxpayers
end up paying for these exposures, as do retirees and others who rely on returns from their savings.
Perhaps the greatest insult to taxpayers, then, is that bankers’ compensation last year was back at its pre-crisis level.
But, as individual taxpayers, we are helpless, because we do not control outcomes, owing to the concerted efforts of lobbyists, or, worse, economic policymakers.
One may wonder: If investment managers and their clients don’t receive high returns on bank stocks, as they would if they were profiting from bankers’ externalization of risk onto taxpayers, why do they hold them at all?
That is a question that G-20
taxpayers
might want to ask their political leaders.
An agreement to eliminate financial support for exploration would be a significant step in the right direction – and it would save
taxpayers
money, too.
Brussels would be accused of wasting taxpayers’ money, and any effort to disregard public opinion and impose fiscal integration on EU members would only backfire and fuel the wave of populist rage that carried the Brexiteers to victory.
An insolvent company must be bailed out with
taxpayers'
money.
Nuclear power is an antiquated technology that requires billions of euros in subsidies; so far, German
taxpayers
have contributed €196 billion for this purpose.
In five years, every major institution could be held accountable by its own version of WikiLeaks – so that taxpayers, shareholders, members of university communities, and so on, can find out what the traditional gatekeepers prefer to hide.
Now Iceland’s banks, having borrowed several times the national GDP, are in desperate trouble, with debts far beyond what the small country’s
taxpayers
can absorb.
Otherwise, we will be forever trapped in a framework where
taxpayers
are forced to bail out banks in bad times, while wealthy shareholders reap huge profits in good times.
But if the scheme is used to bail out insolvent banks, what will the
taxpayers
get in return?
Barack Obama has outlined four conditions that ought to be imposed: an upside for the
taxpayers
as well as a downside; a bipartisan board to oversee the process; help for homeowners as well as the holders of the mortgages; and some limits on the compensation of those who benefit from taxpayers’ money.
Unless we are taxpayers, that is.
Corporate
taxpayers
take advantage of discrepancies in rules and rates, choosing to do business in countries with more favorable – or lax – tax regimes.
Government stabilization of the banking system can either be international, provoking complaints by outraged
taxpayers
about subsidizing others, or national, but only at the cost of greatly extended regulation of capital movements.
If risk premia increase, it would be a result of creditors’ doubts about a government’s ability to finance itself in the long run, owing to a downward revision of growth expectations or a domestic political stalemate in which
taxpayers
oppose bondholders.
It made another mistake in designing a bank bailout that gave too much money with too few restrictions on too favorable terms to those who caused the economic mess in the first place – a policy that has dampened taxpayers’ appetite for more spending.
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