I think the best way to solve this problem is tax 100% of the income and assets (wherever located) of every financial industry executive and lobbyist for the financial industry in exchange for non voting common shares in the Banks and institutions they ran into the ground over the last twenty years. Then put those institutions into receivership or bankruptcy (as appropriate), give the government and legitimate creditors and investors preferred voting stock, and subordinate the shares of the former bankers, etc. (and they should all be prevented from working in the financial industry in any capacity except as tellers in inner city branch offices for the next 50 years) to the lowest possible preference. That is, they get dividends on their shares after everybody else gets paid back in full. Of course, they would be free to sell those shares on the open market any time they wish. We are, after all, not communists.
Ps. Can you believe this shite?
ZURICH (Reuters) – U.S. prosecutors are expanding their investigation into whether UBS AG helped tens of thousands of Americans avoid paying taxes, the Wall Street Journal said, citing several people involved in the case.
U.S. tax investigators believe the number of American clients that the Swiss bank helped to avoid taxes could be much higher than the previously disclosed estimate of about 17,000, the people told the paper.
Investigators are also looking into whether other parts of UBS besides the wealth-management unit were involved in helping clients avoid U.S. taxes, the paper said, citing the people.
