Australians for Robin Hood Tax

[GreenManalishi8151]

Taxing your way into prosperity doesn't work.

[ecobeast]

@GreenManalishi8151 Thats not the point - not acting on poverty and climate change doesnt work, you muppet

[CrossoverManiac]

I normally like Bill Nighy's acting, but he really doesn't play the role of a strawman very well.

[Rorxz]

Robin Hood Tax would only work if implemented world wide

[MrDumbpublic]

Well it's all rather academic as it seems as the tax is dead :

google the-robin-hood-tax-is-dead

Perhaps we should be thinking of more intelligent ways of taxing the bankers , may i suggest the radical notion of taxing their profits instead of all transactions (which taxes ourselves !)

[MrDumbpublic]

The Robin Hood tax campaign is deceptive propaganda relying on the misunderstanding of the public and using a populist target…the evil Banker or Trader !!! LOL

This is a very silly idea. I make a market in currencies in an international investment bank (yes, I am an evil trader). On average a bank will make, as it’s profit margin, 0.01% on every deal done, or just $100 on a million dollar trade.

[MrDumbpublic]

That’s not a lot of money. This tax would errode that profit margin completly. The only way which I could afford to keep running my business would be to pass this tax directly on to my clients. My clients include the likes of government bodies, pension funds, international shipping companies, oil companies etc. That kind of defeats the purpose of the tax. This is a tax on COMMERCE, NOT BANKING !

[theprimeminister]

I am really not sure if you actually get it! Sure, tax the rich for the poor ok, that is great from an altruistic sense. However I assume you realise that the 'taxed' just raise their charges so that the tax is covered, so in other words they move the tax burden from themselves, to the customers, so in effect it is just another tax we all have to bear. Before you all howl me down with "its not on personal banking" the same applies, the businesses incur costs and they are passed down the line.

[scart69net]

Great idea. Also good to see public figures like Tim Costello & Peter Singer come out in full support of it. You're obviously going to get the greedy lil pigs whining that "boohoo *sob* we're already being taxed on the billions we make *wahwah*" but considering that it's their kind that caused the global economic meld-down w/ their greedy crap, ppl are taking less & less notice of them.

The MOLOTOV might even do a song about it. ;)

cheers & keep kickin

[l1belula]

danielt7596, governments collect taxes. And banks are taxed the same rate as any other business. That's not the point. You have obviously missed it altogether.

[danielt7596]

Banks are currently taxed at 30% have I missed something? If we wan't to tax a massive, mismanaged beurocracy for the betterment of society and the poor, tax the government...

[joedorking1992]

@danielt7596, the government collects and spends taxes so how can the government tax itself?