I believe you've answered your own question there.It apparently generates a large amount of the overall tax revenue.
There's trading, auditing, banks, private equity and hedge funds I get that but how and where from do they generate their money?
Indeed - Charging Interest, Charging Fees, Buying low and selling high etc...
But what are they buying/selling?
By fooling people!
The idea that they are buying and selling something that is important and actually has a value.
The funny thing is that it sort of works,
Even though it is total nonsense!
(Like Bitcoins, Carbon credits, and all the other nonsense!)
:/
Give me an example. I know city analysts try and get their clients to buy stock/shares for example I can understand that however what else goes on, surely it's just a central point for money matters and these companies could be spread out all over the country. So to say that the city is a key assets to tax revenue is a bit false it's more a case of it's a central hub.
surely it's just a central point for money matters and these companies could be spread out all over the country. So to say that the city is a key assets to tax revenue is a bit false it's more a case of it's a central hub.
How do you know it's "a bit false" when you don't even know what they do?
Isn't that a bit ironic?
Oranges.But what are they buying/selling?
Could be all sorts. Commodities, gilts, futures, etc etc etc. The list is very longBut what are they buying/selling?
Does that not mean other countries are making a loss?
So basically a ponzi scheme.
So basically a ponzi scheme.
But you don't know what they do….
Does the Internet not kill a lot of business for these companies, online trading and the like.