Robin Hood Tax

Look, this will never fly, at least not in America.  Stealing from corporations and all that.  But the idea of a Robin Hood Tax, which “would see 0.05% levied on each bank trade ranging from shares to foreign exchange and derivatives”; proponents of the tax expect it to generate some $700 billion.  The problem with this is what would you do with the revenue generated? 

The banks would surely just levy some sort of “fee” against consumers to make up the difference?  They already, essentially, “tax” consumers enough; so the question becomes why not treat banks in the same manner as to which they treat their customers?

The above video stars actor Bill Nighy and was directed by Richard Curtis.  [via]

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