massive.... at .05% after making 20 trades you would would be down 1% of your money, the majority of the trading volume and liquidity that is provided on the markets today is from high frequency trading which makes 1000s of trades a day, with this tax these companies would literally lose all of their money in a single day. so they simply wouldnt trade go out of business and cost many people their job, oh and since there wouldnt be any trading on markets, this tax would not raise any money
@cramsden6987 the people working in hft companies do not add up to the numbers that are losing their way too big houses and savings due to being misinformated by the link connecting the financial dreamworld and the real world - the ensurance companies and the banks. Luckily, health nationalization is increasing. However, it would be a great story to tell how much money people used to be paying for overpriced health insurances.
What people supporting this idea dont seem to understand is that the money this tax is projected to generate is based on current market volume, it would generate no where close to that amount because if this tax were implemented banks and hft wouldnt be trading! he financial markets would literally dry up, there wouldnt be any financial transactions to tax, 10s or 100s of thousands of people would lose their jobs as a result of this. It claims that .05% is small but that in reality is absoulty
@LaughingMage You might well be right, it might not solve anything. But I can't help thinking that the greedy bastards who got us into this mess - who even now are feathering their nests while snubbing their noses at us - deserve to be taught a lesson. They need to know that chickens will come home to roost, and governments will reign in their greed if they can't learn to control themselves.
Glass Stegal took care of this problem along with regulators going over accounting practices. Bring these back and the money goes back into your own pockets. Robin Hood Tax what BS doesn't solve the banking problem just creates a new one someone else taking your money and saying they'll save the world NWO crap!!!
0.05% is not going to endanger the poor starving hungry bankers, moron pit- it does not actually affect anyone other than the derivatives traders ie those betting on outcomes- other gamblers pay taxes why shouldn't these people - its not socialist wake up smell the coffee you are a mushroom and you have been eating sh1t all your life like most of us!!!!
Staleeen! Staleeen! Staleeeen! Look Soros likes it. The UN likes it. The global warmists like it. So I hate. This is just a back door to a global vat tax. Hell no!
Ok, so bailing out a bunch of corrupt countries that mismanage their money and risk isn't a moral issue, huh? How about this - people need to take responsibility for their actions for a change. Take responsibility for the fact that the people chose to sign on the dotted line for the massive mortgage they couldn't afford and now need to live up to their commitments, even if the house is worth less and banks need to handle their own risk. Stealing from capital markets will solve nothing.
This is so stupid. People have to understand that its okay when banks get greedy, its just stupid people that dont have any sense believe when theres no money to go around that its somehow the banks fault. Well it isnt, because its actually the governance of the country that is at fault for spending money. This is just a propaganda video trying to convince dumb people to accept a new tax. But its ridiculous, Canada can lower its debts.
@TomJackson986 Yeah I also think this video is very propaganda-like because it makes an antagonist out of the banks. Anyway, money for infrastructure investment on 'taking on climate change' should come first; education in LDC or healhcare wait later. Let both the CO2 and world population wane is the best for the future.
I'm for it in principle but you can be sure the banks will, like any capitalist business, pass this cost on. They will not allow their bottom line to be affected and will avoid any kind of social responsibility, unless of course it's small change for some shallow marketing campaign. Banks and the culture they support are social and ecological piranhas - they'll eat themselves before giving up the very thing they live for.
Good luck with that. It seems that everything is geared towards us loosing the shirts off our back. I'm sure that it will cost us in the end. Cause if there was a hero he would be M.I.A. unfortunately to say. Once someone gets a taste of the root of all evil...it seems to take over their greed and that person doesn't care about anyone else but themselves. Wish there was an honest person for something like this. All the best.
At a time when Greece is imploding & a massive bailout is underway, you want to take out another 300 to 400 billion ?!?!?! And then you say it's a "small" tax? I You're nuts
The European Union is in a total financial mess & you want to pull out another 600,000,000,000 per year to give to charitable organizations? That's more than the whole country of Greece needs! Are you nuts?!?!
By making a child speak in this video, you are not making it cute. You are making it seem more naive than it already is.
gmfrederik 3 months ago 2
parfait!
fernandosalmeida1 3 months ago
think about it.... how can a "small change for the banks", raise 600,000,000,000...that is contradictory. it is obviously massive... .05% is huge..
cramsden6987 3 months ago 2
worst idea ever
cramsden6987 3 months ago 2
massive.... at .05% after making 20 trades you would would be down 1% of your money, the majority of the trading volume and liquidity that is provided on the markets today is from high frequency trading which makes 1000s of trades a day, with this tax these companies would literally lose all of their money in a single day. so they simply wouldnt trade go out of business and cost many people their job, oh and since there wouldnt be any trading on markets, this tax would not raise any money
cramsden6987 3 months ago
@cramsden6987 the people working in hft companies do not add up to the numbers that are losing their way too big houses and savings due to being misinformated by the link connecting the financial dreamworld and the real world - the ensurance companies and the banks. Luckily, health nationalization is increasing. However, it would be a great story to tell how much money people used to be paying for overpriced health insurances.
Robin Hood - YES PLEASE!
Lawetzwtf 1 month ago
What people supporting this idea dont seem to understand is that the money this tax is projected to generate is based on current market volume, it would generate no where close to that amount because if this tax were implemented banks and hft wouldnt be trading! he financial markets would literally dry up, there wouldnt be any financial transactions to tax, 10s or 100s of thousands of people would lose their jobs as a result of this. It claims that .05% is small but that in reality is absoulty
cramsden6987 3 months ago
Of COURSE they get a child to describe it. Because that's the level of thinking it required to come up with this idea. It's a childish concept.
LET'S STEAL MORE MONEY AND MOMMY GOVERNMENT WILL SOLVE EVERYTHING!
LaughingMage 3 months ago
@LaughingMage You might well be right, it might not solve anything. But I can't help thinking that the greedy bastards who got us into this mess - who even now are feathering their nests while snubbing their noses at us - deserve to be taught a lesson. They need to know that chickens will come home to roost, and governments will reign in their greed if they can't learn to control themselves.
mandolinic 3 months ago
So cute! and so simple! i like this Tax idea and this animation. ;)
i am glad to know at least my country (JP) agree with this Tax system.
i hope this G20 will change something. Occupy G20 with this Tax idea! we don*t need TPP system.
travelingjojo 3 months ago
Glass Stegal took care of this problem along with regulators going over accounting practices. Bring these back and the money goes back into your own pockets. Robin Hood Tax what BS doesn't solve the banking problem just creates a new one someone else taking your money and saying they'll save the world NWO crap!!!
whereareyou222 5 months ago
A tax on financial transactions?
They make it sound like guys in $1500 suits sitting at big shiny desks will be doing the paying.
Those guys are just the gatekeepers.
Every time you deposit your paycheck. Every time you make a withdrawal...
...the UN would get a cut.
For the UN, it would be money for nothing, chicks for free.
bluuterra 6 months ago
This has been flagged as spam show
All they need is MORE MONEY!!
And if they get it, they won't just do all the corrupt power grabbing stuff they're doing now.
They'll do really good stuff ...like the kid says in the video.
They promise.
bluuterra 6 months ago
All they need is MORE MONEY!!
And if they get it, they won't just do all the corrupt stuff they're doing now.
They'll do really good stuff ...like the kid says in the video.
They promise.
bluuterra 6 months ago
0.05% is not going to endanger the poor starving hungry bankers, moron pit- it does not actually affect anyone other than the derivatives traders ie those betting on outcomes- other gamblers pay taxes why shouldn't these people - its not socialist wake up smell the coffee you are a mushroom and you have been eating sh1t all your life like most of us!!!!
franklyamy 1 year ago 2
This should apply to transactions above a limit so that not only businesses have to pay this tax.
pithikoulis 1 year ago
This comment has received too many negative votes show
It makes sense they'd force a little kid to do the voice over in this socialist propaganda.
Their understanding of economics is childlike.
janderson2000 1 year ago
Staleeen! Staleeen! Staleeeen! Look Soros likes it. The UN likes it. The global warmists like it. So I hate. This is just a back door to a global vat tax. Hell no!
maskedavenger777 1 year ago
the rates you guys are asking for are too low. The situation is more urgent, the percentage should at least be 5%.
PiQuiLeroy 1 year ago
Ok, so bailing out a bunch of corrupt countries that mismanage their money and risk isn't a moral issue, huh? How about this - people need to take responsibility for their actions for a change. Take responsibility for the fact that the people chose to sign on the dotted line for the massive mortgage they couldn't afford and now need to live up to their commitments, even if the house is worth less and banks need to handle their own risk. Stealing from capital markets will solve nothing.
kodiaq8 1 year ago
This is so stupid. People have to understand that its okay when banks get greedy, its just stupid people that dont have any sense believe when theres no money to go around that its somehow the banks fault. Well it isnt, because its actually the governance of the country that is at fault for spending money. This is just a propaganda video trying to convince dumb people to accept a new tax. But its ridiculous, Canada can lower its debts.
TomJackson986 1 year ago
@TomJackson986 Yeah I also think this video is very propaganda-like because it makes an antagonist out of the banks. Anyway, money for infrastructure investment on 'taking on climate change' should come first; education in LDC or healhcare wait later. Let both the CO2 and world population wane is the best for the future.
mastertek 1 year ago
I'm for it in principle but you can be sure the banks will, like any capitalist business, pass this cost on. They will not allow their bottom line to be affected and will avoid any kind of social responsibility, unless of course it's small change for some shallow marketing campaign. Banks and the culture they support are social and ecological piranhas - they'll eat themselves before giving up the very thing they live for.
pabernet 1 year ago
Good luck with that. It seems that everything is geared towards us loosing the shirts off our back. I'm sure that it will cost us in the end. Cause if there was a hero he would be M.I.A. unfortunately to say. Once someone gets a taste of the root of all evil...it seems to take over their greed and that person doesn't care about anyone else but themselves. Wish there was an honest person for something like this. All the best.
WARLOCK70 1 year ago
At a time when Greece is imploding & a massive bailout is underway, you want to take out another 300 to 400 billion ?!?!?! And then you say it's a "small" tax? I You're nuts
ArmyFtBall 1 year ago
Great video, glad to see we have some support in Canada!
RobinHoodTax 1 year ago
This is insane. Taxes get passed down to the consumer. The MONETARY SYSTEM IS THE PROBLEM.
what lovely groups get the money in the end? IMF, World Bank, and Goldman? Business as usual.
thebreadcake 1 year ago
The European Union is in a total financial mess & you want to pull out another 600,000,000,000 per year to give to charitable organizations? That's more than the whole country of Greece needs! Are you nuts?!?!
ArmyFtBall 1 year ago