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

当你闭眼睛的时候，我要请杰夫把记号笔的笔帽取下来。

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.

这就是为何社会保障的征收设定在每年约15万美元。 而现今提出的一项重大增， 就是取消这一，这将实质等同于对所有收入征收12.4%的所得调。

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， 并你拥有一些世界独一无二的技能和经验，你的收入几乎是无的。

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

而在美国，实际我们已经说存款保险金额没有。

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

那我就拿出我的威迪文签字明早解冻你的信托资金。

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的局面， 试图找出如何阻止这种蔓延， 要么是取消存款保险的， 要么就是希望存款人没有我们想象中的那么活跃，对吧？

Because then I'm getting uncapped deposit insurance.

因为那样我就能够获得无的存款保险。

Why are we uncapping deposit insurance?

为什么我们要取消存款保险的？

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

所以他们实际是取消了这些银行的存款保险。

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， 我认为过去那种制单个机构存款保险额度的理由，但保持整个系统没有的做法，并没有太多意义，因为传染效应总是存在的。

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， 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额的存款保险。

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要性银行取消存款保险时，你就必须非常非常仔细地监控他们的行为。

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的，特别是在系统重要性银行中，这将是一个被使用的分类，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做了什么，尽管他们试图收回，就是以某种方式取消了存款保险的，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的存款保险，那么取消存款保险意味着什么？

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，银行家就可以做很多事情。