@linzcom True, but it’s more complicated than the tax income of a person. E.g. could the hedge fund managers fee income have been better spent by others thereby increasing productivity and adding long term value to society with flow on of more tax income over a longer period?
@SpachusAus Fair enough. Although still not sure whether lack of turnover is a good measure of a prolonged as opposed to temporary weakening given proximity to the budget announcement. Guess time will tell the extent of impact.
@NoelWhittaker Do you think that the bank didn’t consider interest rates in their ‘forecast’? Did you ‘spare a thought’ about the ‘poor beggars’ when house prices increased by multiples of wages while they were saving a deposit, or for future generations? 🤷♂️