Wage Slave wrote:It does make me angry, but it is an entirely different matter to describing mortgage interest as a tax. Which is what you did. And what I commented on.
Considering the banks relationship with the central bank, and the central bank's relationship with the government, being fleeced by the banks is a tax as far as I'm concerned. Land and house prices are inflated by the banks access to cheap money from the central bank, and loose money is the avowed policy of Mr Abe and all those that love quantitive easing.
In the end the tax payer is on the hook to finance the government bonds which the central bank require to inflate the market, and the banks are paying back their cheap loans to the central bank with our money. So in my opinion it is a hidden tax.
So we are doubly screwed.