When you close your eyes, I am going to ask Jeff to uncap a marker.

当你闭上时候，我请杰夫把记号笔笔帽取下来。

And then this is one of the really big tax increase proposals that's out there is to uncap it, which would effectively be a 12.4% income tax hike on all your income.

这就为何社会保障税征收上限设定在每年约15万美元。 而现今提出一项重大增税建议， 就取消这一上限，这将实质上等同于对所有收入征收12.4%所得税上调。

But if you make the company a lot of money and you have skills and experience that nobody else in the world has, your earnings are almost uncapped.

但如果你为公司赚了很多钱， 并你拥有一些世界上独一无二技能和经验，你收入几乎无上限。

And in the US, in effect, we've kind of said deposits there are insured to an uncapped amount.

而在美国，实际上我们已经说存款保险金额没有上限。

I will uncap my waterman and release the funds tomorrow morning.

那我就拿出我威迪文签字明早解冻你信托资金。

And so that's where we are now, trying to figure out how to arrest that contagion either by uncapping deposit insurance or just hoping that the depositors won't be as mobile as we think they could be, right?

而现在我们正处于这样局面， 试图找出如何阻止这种蔓延， 取消存款保险上限， 就希望存款人没有我们想象中那活跃，对吧？

Because then I'm getting uncapped deposit insurance.

因为那样我就能够获得无上限存款保险。

Why are we uncapping deposit insurance?

为什我们取消存款保险上限？

So they effectively kind of uncapped deposit insurance at these banks.

所以他们实际上取消了这些银行存款保险上限。

In that world, I think the old rationale for capping how much deposits are insured at an individual institution, but keeping the system as a whole uncapped, doesn't really make all that much sense, because you will always have contagion.

在那个世界里， 我认为过去那种限制单个机构存款保险额度理由，但保持整个系统没有上限做法，并没有太多意义，因为传染效应总存在。

So in fact, if you spread lots and lots of cash in chunks of 250,000 across dozens and dozens of banks, you effectively have uncapped insurance today.

所以实际上， 如果你把大量现金分成25万美元一块， 分散存到几十家银行里，那你现在就相当于有了无限额存款保险。

Because when you uncap deposit insurance, as we've done for the systematically important banks, then you got to watch what they do really, really carefully.

因为当我们为系统重性银行取消存款保险上限时，你就必须非常非常仔细地监控他们行为。

I think the issue that we run into then, if we do uncap deposit insurance, and by the way, in systematically important banks, this is a classification that is being used.

我认为如果我们取消存款保险上限，特别在系统重性银行中，这将一个被使用分类，我们就会遇到问题。

So what the Federal Reserve and the Treasury Department effectively did, although they're trying to claw it back, is to, in some ways, uncap deposit insurance, right?

所以美联储和财政部实际上做了什，尽管他们试图收回，就以某种方式取消了存款保险上限，对吧？

And if we uncap deposit insurance in the whole system, like what does that mean to uncap deposit insurance?

如果我们取消整个系统存款保险上限，那取消存款保险上限意味着什？

Because once you have uncapped deposit insurance, bankers can do a lot of different things.

因为一旦存款保险没有上限，银行家就可以做很多事情。