|
|
The Robin Hood Tax: in numbers - 23 of the 27 EU states voted for a financial transaction tax – a huge 87% majority. - The UK was the only big economy to abstain – leaving Prime Minister David Cameron more isolated than ever. - The tax could raise £30 billion a year – that’s serious money for serious change. Don’t forget to let everyone know the good news! Share on Facebook >> Share on Twitter >> |
|---|
Sorry Anon
but i don’t understand what you are saying.
Maybe if you wrote it in laymans terms and put it in terms that one can relate to, that might be better?
However, i’m sure there are ppl on here far cleverer that i so maybe they can explain later.
tc
Sorry I do not understand either.
I think it is a charge made on payments made on banking transactions. The idea is that the levy is paid by the banks to their government in the form of a tax. The danger is that they pass it on to its customers, us which could mean the end of free banking. It could be restricted to transactions made by the financial sector such as pension funds, share transactions, life insurance companies but whatever they do the money will come from us in the end.
Peter
This clip gives a simple explanation.
I’m sorry; I thought everyone knew about the Robin Hood Tax and the way out of this financial situation that the Bullion Boy’s will never take. Thank you whammel for giving the website.
It’s not rocket science the way out of this mess being made worse by the Government. Simon Jenkins and Billy Bragg are singing from the same hymn sheet and are portraying the way out of this financial mess the world is in.
It makes me smile when any Tory says “you can’t spend your way out of debt;” but isn’t that exactly what they are doing?
By getting the Bank of England (BoE) to print more money (Quantative Easing) surely that is precisely what they are doing
The way they use Quantative Easing (QE) is entirely wrong. The idea is The Bank of England (BoE) prints money, puts it in circulation and the banks should then loan it to businesses enabling them to employ more people and creating growth.
But surely growth comes from business selling their goods/services and creating profit? The business will then earn sufficient money to employ a person; that is the way to create growth.
An alternative: give everybody above the age of 16 who earns below £80,000 per year £2,000. They will spend the money on bills, rent/mortgage, consumer goods etc. making profit for businesses and thus creating growth. If they put it into a savings account that is doing exactly what the BoE are doing. This would cost about 20 billion pounds but it should be remembered that the BoE has given the banks 375 billion in QE so far.
In the long term the Robin Hood Tax must be implemented. A less than half 1p in the pound tax on every transaction involving bonds, derivatives etc. (not in your high street bank) would raise £100 billion per year (see http://robinhoodtax.org/)
Vince Cable (bless his Lib-Dem cotton socks) is setting up this new bank to only lnd to business but it’s going to take 18 months to start. While we have a Chancellor who equates the country’s budget with that of a household budget saying “in times of austerity we must cut back on our spending” we will have a long, bleak future.
The answer to any bank that wants to move to, say, Hong Kong is simple. If they move they will not be allowed to operate in this country. I’m sure you would get agreement on that in the EU.
This is the way out of this problem. Too many people, especially up North, are feeling this financial catastrophe. £2000, although not perhaps solving their problem, will take some of the pressure from them.
Solve the debt you will not have pressure to reduce benefits.
Sorry but I still do not understand but really I am not sure that I want to.
Sorry anon I have to agree with Peter. I watched the clip and still think the Government would turn it round and charge normal everyday people to use any bank for any transaction. I do not think they would give anyone earning under £80k a 2p payment never mind £2k. I understand the theory behind it and believe it would work but not with our government unfortunately, they just want to cut benefits and leave the people who are struggling financially (through no fault of there own) to struggle by themselves.
Claire