0.1% is approximately what banks get to charge on a financial transaction and is still considered too much to some. A 0.1% tax doesn't sound like much but it skyrockets the costs for financial transactions!
The sad part of this is, even a .005% tax on banks would only be handed back to the people in service charges anyway and the inflation cycle would continue despite any efforts to make a change.
Brilliant! Thank God the G20 concurred. Now is the time to Tax Timmy's Friends, and pay for jobs programs, education and health care. Viva Bill Nighy, activist and actor.
What we need to do is dismantle the central bank. This is what Thomas Jefferson warned us would happen if we allowed our money to become centralized.
The Robin Hood Tax will hit small banks and credit unions hardest. It will only put more power into the hand of big banks! This is a very bad idea! Who is going to dictate where the tax money goes? Big government? Because they've done such a great job in supporting our social needs with our taxes thus far? We need to give them LESS power, not MORE! DOWN WITH THE ROBIN HOOD TAX!
the money comes from you and me so the banks will charge more to the end user, Australia has only grown in the last 10 years and has 2% unemployment i cant see england being worse off than us ,so why shoot your selves in the foot, the financial crisis only affected greece and Italy and is over why are you guys going to comunism now, whats worse is we follow you guys in stupid trendy thing like this that we dont need.
@MrFattyfatfatboy Financial crisis only in Greece and Italy? Over? You do realise Portugal and Ireland have already received enormous bailout packages, right? & that Greece still needs bailout loans and is introducing painful austerity measures? & that most OECD economies are barely growing as fast as inflation?
As far as Australia's concerned, the unemployment rate is over 5% (still not bad for atm but you avoided the recession thanks to China). Oh & growth is only in mining, the rest is fucked
@AndrewBCNZ no growth not just primary resource, the fourht biggest pool of money in the world is Australian super annuation ,unlike england we were never in debt, and it makes sense that china and japan are in front of us what does not make sense is the third biggest pool of money in the world is not england but norway! you guys will never recapture your place in world banking as china will not allow you but by this hood caper you are going to cost me money............
@MrFattyfatfatboy Having a large superannuation fund (something we in NZ need to get sorted) is not the same as economic growth. Australia, like the rest of the west has been in debt since WW1, actually.
I'll tell you what doesn't make sense, though, and that's bailing out enormous institutions from problems of their own cause and paying for these bailouts with cuts to vital spending when the recently-rescued finance sector is booming and the rest of the economy stagnates!
@AndrewBCNZ having a large super is growth as we used to earn more from it then our mines, that said i thought you were english, kiwis count as australian but im not happy about you guys spitting on australians and its confusing the hell out of us because you prefer irish to australia .We have had the best 10 years in our nations history in growth thanks to mines but before that thanks to the banks.
@MrFattyfatfatboy The 'spitting on Australians' is really just trans-Tasman rivalry that sometimes goes too far. Banks are important in growth but when around the world they make bad decisions, hiding the risk in their loans forming bubbles that burst and cause the banks to fail, the financial sector cannot expect the government to bail them out and then cut vital programs to pay for these bailouts. This wasn't such a problem in Australia but elsewhere...Australia does need a carbon tax, though.
@AndrewBCNZ we dont spit on kiwis,plus the banks were pushed into finding other paths to profit when Greenspan kept the nterest rates low to encourage growth , they did wrong in trying to pretend no risk but in the end it is you me kiwi who will pay these taxes if NZ gets it super you will be just like us looking for profit,
PS we realy hope the all blacks can turn your year around in this cup though it wont make up for christchurch
@MrFattyfatfatboy Low interest rates in times of boom are a bad idea, as is a fiscal deficit. There's nothing wrong with banks seeking profit, that's the point of capitalism, but when, as a result of this, they need public funds to bail them out (the merits of which I'm not arguing for or against), they really can't complain about a miniscule tax being imposed to help governments out of the fiscal mess these bailouts put them in.
Looking forward to playing you guys next week in the semis!
@AndrewBCNZ but the banks will always pass the cost on, and they will charge more fees, and im not looking forward to the all black game as i think custer stood a better chance and our guys will need to be sponged off the field, but at the same time ill go down waving the green and gold and listening to the band play .good luck kiwi , oh and my daughters name isnt kiether.
JESUS FUCKING CHRIST when will people realise, we need this tax money to improve our own county not help out someone else. Fucking hell, a good idea to tax the banks and the advert says the money raised is for some of the poorest countries and climate change. Help people who live in our own country before spending it on everyone else. There are people living in poverty and the largest amount of unemployment since before WW2 who need our countries help first.
I have 1 thing to say incredibley inteligent best idea ever but i think that shoud be 0.10%-0.05% range and no lower and thay need to do that here in the USA the used to be land of the free but now more cominly known as the land of the free loders O GOD SAVE THE GRATE REPUBLIC and restor law an order
Smoke and Mirrors my friends.....The banks will need to be turned upside-down and completely re-designed...with TRANSPARENCY, INTEGRITY, ACCOUNTABILITY AND JUSTICE.. for as long as the power to issue and control the supply of money rests in the hands of a few individuals who serve themselves at our expense...the ONLY future you will have with them, is one of enslavement...The current money system is unsustainable,and it WILL fall. The 'glue' that is holding it together is..fear ~ Fear Not ;~}
im sorry, but isnt this tax called Tobin tax, which was presented back in 1972, and failed because banks were against it? To be perfectly honest, banks and investors will never agree to such a tax whatever the circumstances
I think this observation which I came across was based on the fact that about 10%
of the population own 70% of the land in this country.The people who would
be paying this woud hopefully be the very much better off.It would never happen of course but the tax is based on property not wages. Companies never pay their
full taxes because they hold governments to ransome. They simply sell their
assets to parts of their own companies abroad and thereby bypass any taxes
@Spamhero 5% of average wage of 20,000 = 1,000 x 25,000,000 houses in the UK = 25billion, to get 50 billion every household would have to pay 2,000 per annum in tax. People can't afford to eat at the moment so how are they going to manage that? Also we bloody well know that scumbags that got free houses won't have to pay this so can we tax the rich more? We also know that won't happen for the same reason the banks won't be taxed, the elitest own us :(
We are attempting to reason on altruistic/ humanitarian grounds with BANKERS !
...Bob Diamond/Fred Goodwin/Stephen Hester & the rest of the ungodly cabal. What are you THINKING OF BILL !
I can almost hear them now, bleating about "stifling initiative" or "repressing the free market" as they wring their sweaty hands in trepidation. Bob Diamond would lose at least £500 of his annual £9,000,000 bonus.
Still, we got Live Aid to work in '85, so here's hoping, eh.
Carrying on the petty way we are now will end the recession in 2 to 4 years if we're lucky. Introducing more things like this Robin Hood tax would end the recession in 2 to 4 fucking weeks!
Another interesting video to watch on Utube is - The Obama Deception - its about the Banks and big business running America and trying to run the world. I think you will find it applies to the UK as well.
Of course, the Tories will never raise the Robin Hood tax because that would mean THEY would have to pay. And obviously they just want to stay yachting round the meds, fox hunting, rah rah rah....
@halfbreed1426 well I salute you. You have one of the most talented actors and brilliant minds I know for a relative. You know uncles and aunts serve as surrogate parents when necessary.
I loved the acting. I thought it was phenomenal. I also liked the cinematography, though I think it got a little too conventional (predictable) at points. I don't mind that it was heavy-handed, I mean, after all, it was a PSA.
On the actual tax: It's a bad idea. It seems so simple, which is why it's so bad. If it's a tiny tax, it cannot raise billions of pounds; if the banking industry just got a bailout, clearly now is NOT the time to re-appropriate billions of pounds from them. Easy.
That little percentage results in HUGE dollars that has to go back to the Governments to pay for the loans that they took. Why are you trying to prevent repayment as fast as possible to the governments? This small group of charities have become sooooo greedy that our donations aren't good enough for them anymore? They're trying to take money that should go back to government for loans they took?!?!?! SHOCKING!
@mo1912 - Over 90% of the worlds wealth (assets - liability) is owned by 5% of the worlds population! And 40% of that belongs to just 1%.... whilst 50% of the world has barely 1% of the wealth. We just sit around protecting a system that benefits the rich and shits on the poor! Time for a revolution if you ask me!-
omg! this amazing show was soooo awesome! Gives thanks tim43 below who wrote below and revealed we can enjoy the movie at the site: FreeMovieReels. C0/\/\
It's a sad day when even the British, the very people who invented Robin Hood, don't even remember the story of Robin Hood.
To those who don't remember (and it seems to be everybody) Robin Hood stole tax collections from the corupt government and returned it to the people who were paying taxes.
The equivelent would be for the government to actually cut taxes or do away with them altogether, not increase them.
@kingofqwerty I don't know where you are ftom, but here in the USA the exploiters are the Federal Government. They make rules that demanded banks give money away to peopl who couldn't afford it, then demanded the banks forgive the loans or find a ways to fund them. Then the government attacked the banks for finding money to pay for the loans and demanded the bank pay the government more in fees and taxes.
The poor (and middle class) got hurt by the government.
@bsabruzzo class defence of a free market that doesn't deserve defending since it is blatantly obvious that human greed in the private sector is the root of this problem, and your Fox contaminated fairytale rearranging doesn't change this one bit. Never for a second doubt that the corporate sector is behind the actions of the legislature, judiciary and executive within your nation. If government is problematic in your nation, its because the private interest made it so.
@7CATALYST25 Interesting. Do you watch Fox? I am going to guess you don't mean FX or Fox, the TV station. I'm just wondering how you would remotely know whether I am contaminated or if I actually looked at facts and events.
I don't doubt that the various business and corporations are greedy. But with several examples of banks that neither got gov't money nor made risky loans and got punished by the gov't for that choice, I must conclude that gov't had a bigger hand in the events.
@7CATALYST25 As for a free market: when the gov't controls 50%-90% of the banking, mortages and the regulations, that is actually not the free market. If there were an example of a free market in this situation, we can discuss this point. As there isn't a free market, my claims that a free market would be a benefit is a valid theory as any.
Point of fact, if the gov't weren't as big and controling, the corporations couldn't manipulate it. And 300 Million people are bigger that any corporation
@7CATALYST25 Pardon the multiple posts, for I don't mean to make a speach, but I an thourough.
Just a note, smaller gov't means less gov't to manipulate, free market means the people are in control, and the diverting from the US Constitution to control more people and business isn't the corporations taking over, but the gov't taking over.
The story of Robin Hood taking from a corupted gov't and returning the money to the people is in line with Magna Carte and the US Constitution.
@bsabruzzo There had been a free market which subsequently drowned itself in toxic assets, which it then repackaged and re-sold accross the international financial systems which bring some measure of stability to the core nations, a stability which was explicitly threatened by such rampant profit seeking. The public policy machinery had long since also fell under the explicit influence of such big business interests, so to blame government as if it acts in such a manner inherently is ludicrous
@7CATALYST25 While I agree that many banks (not personal banks, but the large, industy banks) had dealt with derivatives, the banks that deal with people were not. In fact, most of the "mortage bubble" was caused by Freddi Mac (gov't bank) and Fannie Mae (gov't bank) refusing to back any loans unless the banks covered the "risky loans", which were forced on banks by "minority activist groups" that threatened to sue under the Community Reinvestment act. Thus, Gov't caused much of this in the US.
@kingofqwerty You might not know this but many small banks didn't loan out money to poor people and got attacked. Then after the mortgage crisis, the only banks standing were the small banks. The Fed gov't demanded the take TARP money and many resisted and some lost gov't protection or were fined.
Government was Prince/King John. The small banks were Friar Tuck, and the money was taken from the poor box to pay the gov't.
@kingofqwerty No, the small banks like the community banks were left standing. The large banks were big enough to sue by activist groups for King Richard's (Pres. J.Carter/Pres. T.Roosevelt) Crusades for "housing for everybody". The community banks were too small to sue, thus they didn't participate in giving out risky loans. The big banks were so wounded and bleeding, they were bailed out by the gov't, the fined for their compliance.
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?!?!
how about a tax on the so-called "charities" that sit on huge amounts of cash paying executives salaries etc ? Change the law so that they must donate % 90 of there donations and only allowed to keep %10 sitting in banks ,actualy give the money to the people it was purposed to go too ? And my personal favourite tax the church !
how about a tax on the so-called "charities" that sit on huge amounts of cash paying executives salaries etc ? Change the law so that they must donate % 90 of there donations and only allowed to keep %10 sitting in banks ,actualy give the money to the people it was purposed to go too ? And my personal favourite tax the church !
FUCK other countrys!!!!!!!, when will these bastards start concentrating on this fucking country and get it out the hell hole thats its in right now!!
@PeteJones100 Banks need to repay the GOVERNMENT. This group of handpicked charities aren't satisfied with charitable donations anymore?? I agree let the banks pay the money back to the governments. These charities want to grab that money themselves. Greedy bastids.
First of all, I've worked in the City for a number of years. Taxes like this lead to less efficient markets, decreasing marking liquidity, less efficient price-finding and harms the industry that provides 9% of our GDP and 14% of our Value Added Tax. And we're the idiots? Way too many people here commenting on something they know nothing about.
Oh god, such a horrible logical fallacy. They try to argue first that the banks will pay almost nothing, and the very next thing they're arguing that its going to collect so much money.
The money raised for the government by the tax IS THE SAME money the banks pay. If the tax will collect so much money, then the banks must be losing it. If the banks are paying almost nothing, then the tax must be raising almost nothing.
Seriously, do people think taxes CREATE money or something?
The clip compares SMALL PERCENTAGE that banks are supposed to pay with LARGE TOTAL SUM of money collected. There is no fallacy in that. You can challenge the figures, but hardly the method.
Of course someone will have to pay this money, but the idea is at least as good as any redistributive system, so maybe you do not like redistributive systems as such (which is OK, but than you would have to fight almost any tax used in modern society).
I see that you have already been answered to but there is one point i still have to make: Dont you think that it would be more sensible to invest money in projects that serve the community instead of keeping the potential in mind boggling financial "games" as they often seem to me, that are totally detached from real progress that should be made (in some sence).
the idea is to implement this tax on every main bank from around the world which will iteract with the uk banks, and seeing as the worlds banking sector is worth well over a trillion pounds, then 100 billion will be small change, and seeing as it is the banks that got itself into the mess, then surely they should be the ones to get us out,
@Orbi90 according to the WHO reports it's 40 billion to end world hunger and 400 billion for shelter, water, health etc... 100 billion pounds a year? that's what? 150 billion dollars +? world hunger could be over tomorow humanity makes me sad hell doesn't exist ,
@ForexCheckMate World hunger would also end if 1) bioengenered plants were not blocked by enviroment "protection" laws and eco-fighters and 2) the dictators who hoard food for their own wealth and subjegation of their people were illiminated.
@bsabruzzo interesting point, although i'm concerned about the pullulation effects bioengineered vegetation in the plant kingdom, for several obvious reasons. It should be universally illegal to sell food unless ordered, there are things that are bound to become extinct from technology it's interesting to speculate what that might be
@ForexCheckMate I hate the companies that bioengeneer plants that cross-pollenate to creat steril plants. But creating wheat that can grow in an arid environment and won't creat seeds, so they can't spreat into the ecosystem is a good thing. Yes, you won't get seeds to replant and have to buy from a company again... but the ecosystem is safe and more people have food.
@bsabruzzo i didn't know that, i didn't even stop to realize that was an alternative. what is the reason? whats the hold up?! it's as if malthusianism is the new authority.
Yes, investment needs to be moved away from short term profits.
However, uncompetitive tax systems and labour legislation has already cost the country its manufacturing sector.
If you unilaterally introduce such a tax and tax financial services away to Singapore, Hong Kong, Dubai, Zurich, New York, or Beijing, economy equivalent of burning your bridges before you cross them.
The money from taxes on the banks profits and wages is more money than no money as the business has moved offshore
-THIS IS A COMPLETE CON. Made by the Banks and the government to get you to believe that that government is going to make the banks pay. Not a penny of this tax will be collected. But YOU are paying millions for this propaganda.
6 billion people on this planet would agree with this and I appluad the idea but the elitist minority like the Rothschilds, Morgans and Rockerfellers will block it.
If the banks were to pump £100 billion back into the UK economy it would wipe out our national debt, fund every major service and lead to a reduction in taxes.
That only produces one thing, expendable income in the pockets of the public and a public that has spare cash has no need for credit cards or loans.
Not a socialist just a realist. The majority of those 6 billion people live in poverty, and the minority who don't are bombarded with charity requests to help them.
Sport Relief, Comic Relief, Children in Need and the countless spin offs as well as helping the regular charities and digging deep when earthquakes etc strike.
So as a realist I do think 6 billion would agree the banks should pay more, even if just to free spare cash for us to donate to charity cos the filthy stinking rich wont.
They have us by the balls and they want to keep it that way, we are slaves to this economic system and the only way out is to eradicate the current money system.
Check out Zeitgeist Addendum
/watch?v=1gKX9TWRyfs
Join the movement and spread the word...people all over the world are waking up to the truth of the Illuminati and this is our way out for our childrens future.
"Europes President, Herman Van Rompuy wants common economic governance. Some Commissioners are fantasising about an EU income tax. Even the more moderate ones want some form of direct Brussels revenue, either in the form of EU eco-taxes or of a levy on banks. To them, the Greek crisis is a Heaven-sent opportunity."
Statism - bigger government, less liberty and democracy. Robin Hood tax? more like Sheriff of Nottingham tax.
"Van Rompuy is calling to scrap national identity in favor of a European identity and wants to institute Euro involvement in local town halls, schools, sports and green taxes on all 27 member nations."
"The EU President (Van Rompuy) is arguing for a European version of the Tobin-Tax, which is a tax on financial transactions. British Prime Minister Gordon Brown called for this tax over the summer"
Ever larger undemocratic superstate presided over by the corrupt.
We really, really appreciate the support you've shown by hosting this video. Would it be possible to remove the pay-per-click ads though? It is hard to justify these appearing over our content when no ITN editorial is provided. I do hope you understand why. Thanks again - 48k views!!!
yep, you've got a point! I assume speculative trading is mainly a "bank on bank" trade. that works! As for the rest, well if we set threshold, below which it was taxfree (say £250k), that would take most people out of it, but the big players would still pay. But, I'm sure they would add to their "costs" on somewhere?! As for competition and costs, perception says that in the global banking sector, they do have a follow the leader mentality rather than a competitive approach!
i'm not educated properly in inner banking transactions...but you leave your money with a bank...they invest it as they see fit...seeing how they invest it on average you get intrest..on your money that you let them use...usually they make loans and charge intrest...redistributed to the "share" owners a certain amount of profit...so where is the 100 of billions comeing from..if they are recieveing that much profit and not distributeing it back to the customers...shouldn't they have to
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this vidoe was SO BAD!!! i should know, because im the official video critic forr youtube, AND fred figglehorn's alt account!!!!1 youll believe me wen you watch my fantabulous videos!!!!!!!1
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Damn that's fucked up lol billions of money taxed per year. Banks worked hard at establishing their business so doing this just to help people who never tried to better themselves is just ridiculous.
I am from a poor country. No matter how much money we receive there is always going to be corruption sadly, people will keep on procreating more than they can afford(average 5 children per family). Save your money UK , make your countries more beautiful, help your poor etc. i'm an anglophile.
The Western world doesn't have a problem with the poor. We don't have poor, at least not poor like you see in Haiti, or Africa, what we have are the broke. We have a problem with broke ass people who won't spend their money with any sense, but I imagine that the people who support this have got some ideals about how to HELP the broke asses too.
Once the dogooders start to give out orders it won't ever end, because they are doing it for your own good.
The British banking industry only makes about 86 billion pounds per year so they are talking about a minimum of a 60% tax. With all due respect to Sarah Palin, that's f-ing retarded.
How about we just let bad banks fail? The gov't can provide for an orderly liquidation of the banks, the bank director and board of directors would be civilly libel for their laxity, and you can bet we would not have another bank crisis for at least 50 years.
Blatant propaganda piece. Another way for politicians to get their hands on money in order to squander it. This will also inspire government to allow more fraudulent transactions by the banking cartels as the politicians get a cut from it.
Wake up, there's no free lunch - that's why we are in this "debt" crisis owing too much - this not a credit crisis. Spending by government only digs the hole deeper.
your only looking at one half of the balance sheet when you say that spending gov money stimulates the economy. the government has to first take money out of the economy in order to put it back in. that seems a little bit more upside down to me. all it takes is a good look at hoover and FDR to see why keynesianism has miserably failed. there was actually a recession in the early 20's that avoided a depression because the gov let the free markets fix themselves
really? a tiny tax is a burden on the speculative finance sector? Whose profits are they playing with, anyway? In any case, you apparently can parry any argument with something you've made up about the failures of FDR and beneficial recession in the 20s. Enjoy the echo chamber.
(Never could trust anyone who doesn't know the difference between "your" and "you're"...)
if it produces hundreds of billions of pounds in tax revenue then that ultimately means that hundreds of billions of pounds will be taken out of the banking sector. does the term "hundreds of billions" sound like a small tax?
0.1% is approximately what banks get to charge on a financial transaction and is still considered too much to some. A 0.1% tax doesn't sound like much but it skyrockets the costs for financial transactions!
stephano1990 3 weeks ago
The sad part of this is, even a .005% tax on banks would only be handed back to the people in service charges anyway and the inflation cycle would continue despite any efforts to make a change.
scannerman777 1 month ago
Brilliant! Thank God the G20 concurred. Now is the time to Tax Timmy's Friends, and pay for jobs programs, education and health care. Viva Bill Nighy, activist and actor.
luizlemuz 2 months ago
What we need to do is dismantle the central bank. This is what Thomas Jefferson warned us would happen if we allowed our money to become centralized.
ablakem85 2 months ago 7
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What an arse, we dont need any more taxes, bugger off!!!!!!!!!!!!
VanRomPuyArse 2 months ago
@VanRomPuyArse You moron! Can't you see he's acting?! the truth is he thinks completely the opposite!
xSakuraKurox 1 month ago
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The Robin Hood Tax will hit small banks and credit unions hardest. It will only put more power into the hand of big banks! This is a very bad idea! Who is going to dictate where the tax money goes? Big government? Because they've done such a great job in supporting our social needs with our taxes thus far? We need to give them LESS power, not MORE! DOWN WITH THE ROBIN HOOD TAX!
ablakem85 2 months ago
This is good! Oscar winning!
MysTerrier 3 months ago
the money comes from you and me so the banks will charge more to the end user, Australia has only grown in the last 10 years and has 2% unemployment i cant see england being worse off than us ,so why shoot your selves in the foot, the financial crisis only affected greece and Italy and is over why are you guys going to comunism now, whats worse is we follow you guys in stupid trendy thing like this that we dont need.
MrFattyfatfatboy 4 months ago
@MrFattyfatfatboy Financial crisis only in Greece and Italy? Over? You do realise Portugal and Ireland have already received enormous bailout packages, right? & that Greece still needs bailout loans and is introducing painful austerity measures? & that most OECD economies are barely growing as fast as inflation?
As far as Australia's concerned, the unemployment rate is over 5% (still not bad for atm but you avoided the recession thanks to China). Oh & growth is only in mining, the rest is fucked
AndrewBCNZ 3 months ago
@AndrewBCNZ no growth not just primary resource, the fourht biggest pool of money in the world is Australian super annuation ,unlike england we were never in debt, and it makes sense that china and japan are in front of us what does not make sense is the third biggest pool of money in the world is not england but norway! you guys will never recapture your place in world banking as china will not allow you but by this hood caper you are going to cost me money............
MrFattyfatfatboy 3 months ago
@MrFattyfatfatboy Having a large superannuation fund (something we in NZ need to get sorted) is not the same as economic growth. Australia, like the rest of the west has been in debt since WW1, actually.
I'll tell you what doesn't make sense, though, and that's bailing out enormous institutions from problems of their own cause and paying for these bailouts with cuts to vital spending when the recently-rescued finance sector is booming and the rest of the economy stagnates!
AndrewBCNZ 3 months ago
@AndrewBCNZ having a large super is growth as we used to earn more from it then our mines, that said i thought you were english, kiwis count as australian but im not happy about you guys spitting on australians and its confusing the hell out of us because you prefer irish to australia .We have had the best 10 years in our nations history in growth thanks to mines but before that thanks to the banks.
MrFattyfatfatboy 3 months ago
@MrFattyfatfatboy The 'spitting on Australians' is really just trans-Tasman rivalry that sometimes goes too far. Banks are important in growth but when around the world they make bad decisions, hiding the risk in their loans forming bubbles that burst and cause the banks to fail, the financial sector cannot expect the government to bail them out and then cut vital programs to pay for these bailouts. This wasn't such a problem in Australia but elsewhere...Australia does need a carbon tax, though.
AndrewBCNZ 3 months ago
@AndrewBCNZ we dont spit on kiwis,plus the banks were pushed into finding other paths to profit when Greenspan kept the nterest rates low to encourage growth , they did wrong in trying to pretend no risk but in the end it is you me kiwi who will pay these taxes if NZ gets it super you will be just like us looking for profit,
PS we realy hope the all blacks can turn your year around in this cup though it wont make up for christchurch
MrFattyfatfatboy 3 months ago
@MrFattyfatfatboy Low interest rates in times of boom are a bad idea, as is a fiscal deficit. There's nothing wrong with banks seeking profit, that's the point of capitalism, but when, as a result of this, they need public funds to bail them out (the merits of which I'm not arguing for or against), they really can't complain about a miniscule tax being imposed to help governments out of the fiscal mess these bailouts put them in.
Looking forward to playing you guys next week in the semis!
AndrewBCNZ 3 months ago
@AndrewBCNZ but the banks will always pass the cost on, and they will charge more fees, and im not looking forward to the all black game as i think custer stood a better chance and our guys will need to be sponged off the field, but at the same time ill go down waving the green and gold and listening to the band play .good luck kiwi , oh and my daughters name isnt kiether.
MrFattyfatfatboy 3 months ago
JESUS FUCKING CHRIST when will people realise, we need this tax money to improve our own county not help out someone else. Fucking hell, a good idea to tax the banks and the advert says the money raised is for some of the poorest countries and climate change. Help people who live in our own country before spending it on everyone else. There are people living in poverty and the largest amount of unemployment since before WW2 who need our countries help first.
gregstee 4 months ago
... and the federal reserve and the IMF will allow this? I very much doubt it, but it's worth a try
weesoul 4 months ago
Kind of makes you wonder... Why dont Governments juts TYPE up all the money they need , doesnt it ?
MrMick73 5 months ago
I have 1 thing to say incredibley inteligent best idea ever but i think that shoud be 0.10%-0.05% range and no lower and thay need to do that here in the USA the used to be land of the free but now more cominly known as the land of the free loders O GOD SAVE THE GRATE REPUBLIC and restor law an order
dondondonman 5 months ago
They tried something like this in the 70's called the Tobin tax i think.
morrismagic08 5 months ago
this will never happen over here in the us with our congress. a shame really
mcnukem 5 months ago
Smoke and Mirrors my friends.....The banks will need to be turned upside-down and completely re-designed...with TRANSPARENCY, INTEGRITY, ACCOUNTABILITY AND JUSTICE.. for as long as the power to issue and control the supply of money rests in the hands of a few individuals who serve themselves at our expense...the ONLY future you will have with them, is one of enslavement...The current money system is unsustainable,and it WILL fall. The 'glue' that is holding it together is..fear ~ Fear Not ;~}
IAMPhilip777 6 months ago
Partitioning tax burden between firms and individuals in the same way without privilege or legal concept.
claudiodiazjimenez 6 months ago
REPARTAMOS LA CARGA IMPOSITIVA ENTRE EMPRESAS Y PERSONAS DE LA MISMA FORMA SIN PRIVILEGIOS NI FIGURAS JURÍDICAS.
claudiodiazjimenez 6 months ago
im sorry, but isnt this tax called Tobin tax, which was presented back in 1972, and failed because banks were against it? To be perfectly honest, banks and investors will never agree to such a tax whatever the circumstances
sebiis18 7 months ago
@sebiis18 i feel so sorry for them...
Nemomain 7 months ago
@sebiis18 I never realised I had to agree to tax before I had to pay it. I'll have to try that one out on the Inland Revenue.
ChrisInTheNorth 7 months ago
The British love their taxes! No wonder they couldn't keep their empire under wraps.
lancertriangle 10 months ago
lol is this the guy from shaun of the dead...PHILLIP!
BabyFarkMcGeeZax1969 10 months ago
@BabyFarkMcGeeZax1969 yes
rogerspackman69 9 months ago
@BabyFarkMcGeeZax1969 Yes
rogerspackman69 9 months ago
I think this observation which I came across was based on the fact that about 10%
of the population own 70% of the land in this country.The people who would
be paying this woud hopefully be the very much better off.It would never happen of course but the tax is based on property not wages. Companies never pay their
full taxes because they hold governments to ransome. They simply sell their
assets to parts of their own companies abroad and thereby bypass any taxes
or restrictions .
Spamhero 10 months ago
A suggestion the other day on the radio; 5% tax on all property would raise
fifty billion pound every year. Bill's idea sounds better though.
Spamhero 10 months ago
@Spamhero 5% of average wage of 20,000 = 1,000 x 25,000,000 houses in the UK = 25billion, to get 50 billion every household would have to pay 2,000 per annum in tax. People can't afford to eat at the moment so how are they going to manage that? Also we bloody well know that scumbags that got free houses won't have to pay this so can we tax the rich more? We also know that won't happen for the same reason the banks won't be taxed, the elitest own us :(
MrBrandyPort 10 months ago
Ironic to see a vampire-squid play a bankster.
(Nighy was Viktor in Underworld and Davy Jones in PoC for the uncultured out there. Also Matt Tiabbi wrote a piece calling bankers Vampire-squids.)
trajan74 10 months ago
0.05%??? F*****g OUTRAGEOUS!
We are attempting to reason on altruistic/ humanitarian grounds with BANKERS !
...Bob Diamond/Fred Goodwin/Stephen Hester & the rest of the ungodly cabal. What are you THINKING OF BILL !
I can almost hear them now, bleating about "stifling initiative" or "repressing the free market" as they wring their sweaty hands in trepidation. Bob Diamond would lose at least £500 of his annual £9,000,000 bonus.
Still, we got Live Aid to work in '85, so here's hoping, eh.
steveh777ify 11 months ago
The banks have a great opportunity here as a publicity stunt.
LLOYDS TSB IS NOW A PART OF THE ROBIN HOOD TAX.
People will flood to be a part of such a caring bank.
BARCLAYS IS NOW PART OF ...
Y'see?
voidlam 11 months ago
everytime i see bill nighy, i picture an octopus on his face.
wilky1189 11 months ago
epic win uk epic win but we still kick your ass lol
dondondonman 1 year ago
he's in harry potter 7!! :D
onlytillsunrise 1 year ago
@onlytillsunrise They only used him for like 2 scenes and totally wasted his potential.
dojokonojo 1 year ago
he's in harry potter 7!! :D
onlytillsunrise 1 year ago
But the banks would then pass the tax onto it's customers like us!!!!! Shit idea!
alwoodcock1 1 year ago
@alwoodcock1 then stand outside your door with 65 million other people on the same day and say fuck this!
def44 1 year ago
@alwoodcock1 0.05%? Even if they did, it would be pretty much nothing. It would be 50p in every thousand pounds.
kingsofcarnage 1 year ago
@kingsofcarnage however banks are dealing in billlions of pounds, nothing as small as a thousand will be transfered by a bank,,
MrTimmy132 10 months ago
@MrTimmy132 Ok. It was just a representation of what it would be...
TheProjectMusicUK 10 months ago
Carrying on the petty way we are now will end the recession in 2 to 4 years if we're lucky. Introducing more things like this Robin Hood tax would end the recession in 2 to 4 fucking weeks!
VincentBrooke1 1 year ago
Hard to tell if he's gonna make a good Smaug or not
ARandomCanadian 1 year ago 7
billy nighy is such a great actor.... fantastic
bibabo01 1 year ago
Davy Jones!
JackJeckel81 1 year ago
Another interesting video to watch on Utube is - The Obama Deception - its about the Banks and big business running America and trying to run the world. I think you will find it applies to the UK as well.
egsommerville 1 year ago
Of course, the Tories will never raise the Robin Hood tax because that would mean THEY would have to pay. And obviously they just want to stay yachting round the meds, fox hunting, rah rah rah....
ParisianSkyline 1 year ago
bankers own us people so much money.. it can't be written down on a paper -.-
SelSun83 1 year ago
huh! O_O
anhnhhh 1 year ago
i think Nighy is hot
tianobrothers 1 year ago
@tianobrothers gaybrothers?
biaop1 1 year ago
@tianobrothers he's my uncle
halfbreed1426 1 year ago
@halfbreed1426 youre kidding right?
tianobrothers 1 year ago
@tianobrothers no...
halfbreed1426 1 year ago
@halfbreed1426 well I salute you. You have one of the most talented actors and brilliant minds I know for a relative. You know uncles and aunts serve as surrogate parents when necessary.
tianobrothers 1 year ago
This is pure brilliance, one day society will wake up to a Parecon future we are now seeing the results of a run away train that is capitalism.
karmicfabio 1 year ago
I loved the acting. I thought it was phenomenal. I also liked the cinematography, though I think it got a little too conventional (predictable) at points. I don't mind that it was heavy-handed, I mean, after all, it was a PSA.
On the actual tax: It's a bad idea. It seems so simple, which is why it's so bad. If it's a tiny tax, it cannot raise billions of pounds; if the banking industry just got a bailout, clearly now is NOT the time to re-appropriate billions of pounds from them. Easy.
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PoloPilar 1 year ago
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That little percentage results in HUGE dollars that has to go back to the Governments to pay for the loans that they took. Why are you trying to prevent repayment as fast as possible to the governments? This small group of charities have become sooooo greedy that our donations aren't good enough for them anymore? They're trying to take money that should go back to government for loans they took?!?!?! SHOCKING!
ArmyFtBall 1 year ago
I just love the Bill Nighy, my favorite actor !
Shockate 1 year ago
Makes you think just how much money is out there passing backwards and forwards between the super rich and Co !
mo1912 1 year ago
@mo1912 - Over 90% of the worlds wealth (assets - liability) is owned by 5% of the worlds population! And 40% of that belongs to just 1%.... whilst 50% of the world has barely 1% of the wealth. We just sit around protecting a system that benefits the rich and shits on the poor! Time for a revolution if you ask me!-
Selfhealer22 1 year ago
Uber like!
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kristleblaxx 1 year ago
It's a sad day when even the British, the very people who invented Robin Hood, don't even remember the story of Robin Hood.
To those who don't remember (and it seems to be everybody) Robin Hood stole tax collections from the corupt government and returned it to the people who were paying taxes.
The equivelent would be for the government to actually cut taxes or do away with them altogether, not increase them.
bsabruzzo 1 year ago
@bsabruzzo Robin hood took from the rich exploiters which today would be the banks and corporations and gave to the poor. Nice try though...
kingofqwerty 1 year ago
@kingofqwerty I don't know where you are ftom, but here in the USA the exploiters are the Federal Government. They make rules that demanded banks give money away to peopl who couldn't afford it, then demanded the banks forgive the loans or find a ways to fund them. Then the government attacked the banks for finding money to pay for the loans and demanded the bank pay the government more in fees and taxes.
The poor (and middle class) got hurt by the government.
bsabruzzo 1 year ago
@bsabruzzo class defence of a free market that doesn't deserve defending since it is blatantly obvious that human greed in the private sector is the root of this problem, and your Fox contaminated fairytale rearranging doesn't change this one bit. Never for a second doubt that the corporate sector is behind the actions of the legislature, judiciary and executive within your nation. If government is problematic in your nation, its because the private interest made it so.
7CATALYST25 1 year ago
@7CATALYST25 Interesting. Do you watch Fox? I am going to guess you don't mean FX or Fox, the TV station. I'm just wondering how you would remotely know whether I am contaminated or if I actually looked at facts and events.
I don't doubt that the various business and corporations are greedy. But with several examples of banks that neither got gov't money nor made risky loans and got punished by the gov't for that choice, I must conclude that gov't had a bigger hand in the events.
bsabruzzo 1 year ago
@7CATALYST25 As for a free market: when the gov't controls 50%-90% of the banking, mortages and the regulations, that is actually not the free market. If there were an example of a free market in this situation, we can discuss this point. As there isn't a free market, my claims that a free market would be a benefit is a valid theory as any.
Point of fact, if the gov't weren't as big and controling, the corporations couldn't manipulate it. And 300 Million people are bigger that any corporation
bsabruzzo 1 year ago
@7CATALYST25 Pardon the multiple posts, for I don't mean to make a speach, but I an thourough.
Just a note, smaller gov't means less gov't to manipulate, free market means the people are in control, and the diverting from the US Constitution to control more people and business isn't the corporations taking over, but the gov't taking over.
The story of Robin Hood taking from a corupted gov't and returning the money to the people is in line with Magna Carte and the US Constitution.
bsabruzzo 1 year ago
@bsabruzzo There had been a free market which subsequently drowned itself in toxic assets, which it then repackaged and re-sold accross the international financial systems which bring some measure of stability to the core nations, a stability which was explicitly threatened by such rampant profit seeking. The public policy machinery had long since also fell under the explicit influence of such big business interests, so to blame government as if it acts in such a manner inherently is ludicrous
7CATALYST25 1 year ago
@7CATALYST25 While I agree that many banks (not personal banks, but the large, industy banks) had dealt with derivatives, the banks that deal with people were not. In fact, most of the "mortage bubble" was caused by Freddi Mac (gov't bank) and Fannie Mae (gov't bank) refusing to back any loans unless the banks covered the "risky loans", which were forced on banks by "minority activist groups" that threatened to sue under the Community Reinvestment act. Thus, Gov't caused much of this in the US.
bsabruzzo 1 year ago
@kingofqwerty You might not know this but many small banks didn't loan out money to poor people and got attacked. Then after the mortgage crisis, the only banks standing were the small banks. The Fed gov't demanded the take TARP money and many resisted and some lost gov't protection or were fined.
Government was Prince/King John. The small banks were Friar Tuck, and the money was taken from the poor box to pay the gov't.
bsabruzzo 1 year ago
Comment removed
kingofqwerty 1 year ago
@kingofqwerty No, the small banks like the community banks were left standing. The large banks were big enough to sue by activist groups for King Richard's (Pres. J.Carter/Pres. T.Roosevelt) Crusades for "housing for everybody". The community banks were too small to sue, thus they didn't participate in giving out risky loans. The big banks were so wounded and bleeding, they were bailed out by the gov't, the fined for their compliance.
bsabruzzo 1 year ago
the best idea i ever heard !
TheStoneWhiteMan 1 year ago
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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
Nice idea but this will never work with privatised banks.Banks need to be nationalised.
brainte 1 year ago
How can anyone oppose this?? I think it's brilliant, and we all need to support it - tell your local MP you want it to go ahead.
elise3103 1 year ago
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how about a tax on the so-called "charities" that sit on huge amounts of cash paying executives salaries etc ? Change the law so that they must donate % 90 of there donations and only allowed to keep %10 sitting in banks ,actualy give the money to the people it was purposed to go too ? And my personal favourite tax the church !
1929spectre 1 year ago
how about a tax on the so-called "charities" that sit on huge amounts of cash paying executives salaries etc ? Change the law so that they must donate % 90 of there donations and only allowed to keep %10 sitting in banks ,actualy give the money to the people it was purposed to go too ? And my personal favourite tax the church !
1929spectre 1 year ago
"To help save lives in poorest countys"
FUCK other countrys!!!!!!!, when will these bastards start concentrating on this fucking country and get it out the hell hole thats its in right now!!
wwwNooBcom 1 year ago
sounds like a pretty logical way for the bankers to PAY BACK WHAT THEY F*CKING OWE US!
PeteJones100 1 year ago 36
@PeteJones100 I am willing to help anyone who will join me in going to take it back.
CyberAthletethefirst 1 year ago
@PeteJones100 Banks need to repay the GOVERNMENT. This group of handpicked charities aren't satisfied with charitable donations anymore?? I agree let the banks pay the money back to the governments. These charities want to grab that money themselves. Greedy bastids.
ArmyFtBall 1 year ago
@PeteJones100
First of all, I've worked in the City for a number of years. Taxes like this lead to less efficient markets, decreasing marking liquidity, less efficient price-finding and harms the industry that provides 9% of our GDP and 14% of our Value Added Tax. And we're the idiots? Way too many people here commenting on something they know nothing about.
Whodareswins1 10 months ago
@Whodareswins1 OK.. You tell US of a way the banks can repay the money the people have given them?
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easyhomejob 1 year ago
Oh god, such a horrible logical fallacy. They try to argue first that the banks will pay almost nothing, and the very next thing they're arguing that its going to collect so much money.
The money raised for the government by the tax IS THE SAME money the banks pay. If the tax will collect so much money, then the banks must be losing it. If the banks are paying almost nothing, then the tax must be raising almost nothing.
Seriously, do people think taxes CREATE money or something?
kered13 1 year ago
@kered13
That is the idea of percentage:
The clip compares SMALL PERCENTAGE that banks are supposed to pay with LARGE TOTAL SUM of money collected. There is no fallacy in that. You can challenge the figures, but hardly the method.
Of course someone will have to pay this money, but the idea is at least as good as any redistributive system, so maybe you do not like redistributive systems as such (which is OK, but than you would have to fight almost any tax used in modern society).
balcarales 1 year ago
@kered13
No, we don't. However, this IS a small tax on banks. I'm not sure if the video made it clear or not, but they're not taxing one bank.
I should remind you that trillions of pounds are traded in foreign markets a day, by banks.
CapitalistOverlord 1 year ago
I see that you have already been answered to but there is one point i still have to make: Dont you think that it would be more sensible to invest money in projects that serve the community instead of keeping the potential in mind boggling financial "games" as they often seem to me, that are totally detached from real progress that should be made (in some sence).
ReinerWolfgangsee 1 year ago
@kered13 Not really,
the idea is to implement this tax on every main bank from around the world which will iteract with the uk banks, and seeing as the worlds banking sector is worth well over a trillion pounds, then 100 billion will be small change, and seeing as it is the banks that got itself into the mess, then surely they should be the ones to get us out,
Orbi90 1 year ago
@Orbi90 according to the WHO reports it's 40 billion to end world hunger and 400 billion for shelter, water, health etc... 100 billion pounds a year? that's what? 150 billion dollars +? world hunger could be over tomorow humanity makes me sad hell doesn't exist ,
ForexCheckMate 1 year ago
@ForexCheckMate World hunger would also end if 1) bioengenered plants were not blocked by enviroment "protection" laws and eco-fighters and 2) the dictators who hoard food for their own wealth and subjegation of their people were illiminated.
Money can't fix those two things.
bsabruzzo 1 year ago
@bsabruzzo interesting point, although i'm concerned about the pullulation effects bioengineered vegetation in the plant kingdom, for several obvious reasons. It should be universally illegal to sell food unless ordered, there are things that are bound to become extinct from technology it's interesting to speculate what that might be
ForexCheckMate 1 year ago
@ForexCheckMate I hate the companies that bioengeneer plants that cross-pollenate to creat steril plants. But creating wheat that can grow in an arid environment and won't creat seeds, so they can't spreat into the ecosystem is a good thing. Yes, you won't get seeds to replant and have to buy from a company again... but the ecosystem is safe and more people have food.
bsabruzzo 1 year ago
@bsabruzzo i didn't know that, i didn't even stop to realize that was an alternative. what is the reason? whats the hold up?! it's as if malthusianism is the new authority.
ForexCheckMate 1 year ago
Hold on!
Who is in receivership of taxes: The banks.
Who would pick up the bill for the banks in this case: The people.
Wake up sheeple!
Info4People 1 year ago
@Info4People
I doubt another bank will be bailed out, so there won't be any government money going to them.
CapitalistOverlord 1 year ago
Alright, Leave the UK.
Say bye bye to the only profitable sector of your economy. Offshore your banking sector. Nice.
ericclaptonismygod31 1 year ago
Yes, investment needs to be moved away from short term profits.
However, uncompetitive tax systems and labour legislation has already cost the country its manufacturing sector.
If you unilaterally introduce such a tax and tax financial services away to Singapore, Hong Kong, Dubai, Zurich, New York, or Beijing, economy equivalent of burning your bridges before you cross them.
The money from taxes on the banks profits and wages is more money than no money as the business has moved offshore
monkeybp 1 year ago
"economy equivalent of burning your bridges before you cross them"
No it's the economic equivalent of shooting yourself in the face.
There will be less tax revenues from banking than there are now.
smoochym 1 year ago
Massive respect to Bill Nighy!
qotsa1313 1 year ago
Great video!!
tamsin222 1 year ago
-THIS IS A COMPLETE CON. Made by the Banks and the government to get you to believe that that government is going to make the banks pay. Not a penny of this tax will be collected. But YOU are paying millions for this propaganda.
101Cromwell 1 year ago
Wow! what a video!
spammerboy666 1 year ago
Nice Find!
spammerboy666 1 year ago
6 billion people on this planet would agree with this and I appluad the idea but the elitist minority like the Rothschilds, Morgans and Rockerfellers will block it.
If the banks were to pump £100 billion back into the UK economy it would wipe out our national debt, fund every major service and lead to a reduction in taxes.
That only produces one thing, expendable income in the pockets of the public and a public that has spare cash has no need for credit cards or loans.
pdubya66 1 year ago 2
Right! and you think you can speak for 6 billion people, you must be a socialist.
WinstonSmith46 1 year ago
Not a socialist just a realist. The majority of those 6 billion people live in poverty, and the minority who don't are bombarded with charity requests to help them.
Sport Relief, Comic Relief, Children in Need and the countless spin offs as well as helping the regular charities and digging deep when earthquakes etc strike.
So as a realist I do think 6 billion would agree the banks should pay more, even if just to free spare cash for us to donate to charity cos the filthy stinking rich wont.
pdubya66 1 year ago
@WinstonSmith46 funny that you use the word 'socialist' as if it were a bad thing
swameePropaghanda 1 year ago
@WinstonSmith46 I suppose we should. That's not socialist, it's survival skill here!
hingamp 1 year ago
They have us by the balls and they want to keep it that way, we are slaves to this economic system and the only way out is to eradicate the current money system.
Check out Zeitgeist Addendum
/watch?v=1gKX9TWRyfs
Join the movement and spread the word...people all over the world are waking up to the truth of the Illuminati and this is our way out for our childrens future.
pdubya66 1 year ago
"The EU wants pan-European taxation"
"Europes President, Herman Van Rompuy wants common economic governance. Some Commissioners are fantasising about an EU income tax. Even the more moderate ones want some form of direct Brussels revenue, either in the form of EU eco-taxes or of a levy on banks. To them, the Greek crisis is a Heaven-sent opportunity."
Statism - bigger government, less liberty and democracy. Robin Hood tax? more like Sheriff of Nottingham tax.
WinstonSmith46 1 year ago
"Van Rompuy is calling to scrap national identity in favor of a European identity and wants to institute Euro involvement in local town halls, schools, sports and green taxes on all 27 member nations."
"The EU President (Van Rompuy) is arguing for a European version of the Tobin-Tax, which is a tax on financial transactions. British Prime Minister Gordon Brown called for this tax over the summer"
Ever larger undemocratic superstate presided over by the corrupt.
WinstonSmith46 1 year ago
I wish we had a tax like that in America
Instead we have bumper stickers that show Obama in a robbers outfit that say "Robbin from da Hood, hide yo money"
as if anyone with a bumper sticker is going to lose out on a tax of the wealthiest 2%
it just doesn't make sense
GCNSk8boarder 1 year ago
@GCNSk8boarder
Don't be naive. Any tax levied on business is always borne by the customer. Robin Hood doesn't work.
cooperbry 1 year ago 2
Spoken like a true corporatist.
yt5454 1 year ago
lol - truth, that's all.
cooperbry 1 year ago 2
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TubeTweaks 1 year ago
We really, really appreciate the support you've shown by hosting this video. Would it be possible to remove the pay-per-click ads though? It is hard to justify these appearing over our content when no ITN editorial is provided. I do hope you understand why. Thanks again - 48k views!!!
RobinHoodTax 1 year ago
This is awful film. So dull.
redbrown10 1 year ago
@redbrown10 if you used your brain you'd see the humour in it
brucewayne909 1 year ago
The government gets enough taxes already and wastes vast sums of money.
"Over a lifetime, an average household pays £668,000, in today's prices,
in direct and indirect taxes. This is a huge jump from the £631,000
lifetime tax bill we reported last year - an increase of almost 6 per cent.
A poor household pays £264,000 in direct and indirect taxes, up from
£233,000 last year - an increase of 13 per cent."
WinstonSmith46 1 year ago 2
That salamander has to be one of the stupidest posters I've ever come across.
He knows nothing, but thinks he knows everything. That has unfortunately become the norm for conservatives.
yt5454 1 year ago
This is a small step that would help elected governments control the power of multi-national financial corporations.
Dragonfly6160 1 year ago
yep, you've got a point! I assume speculative trading is mainly a "bank on bank" trade. that works! As for the rest, well if we set threshold, below which it was taxfree (say £250k), that would take most people out of it, but the big players would still pay. But, I'm sure they would add to their "costs" on somewhere?! As for competition and costs, perception says that in the global banking sector, they do have a follow the leader mentality rather than a competitive approach!
elwoodthecat 1 year ago
i'm not educated properly in inner banking transactions...but you leave your money with a bank...they invest it as they see fit...seeing how they invest it on average you get intrest..on your money that you let them use...usually they make loans and charge intrest...redistributed to the "share" owners a certain amount of profit...so where is the 100 of billions comeing from..if they are recieveing that much profit and not distributeing it back to the customers...shouldn't they have to
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karenhamway1970 1 year ago
Damn that's fucked up lol billions of money taxed per year. Banks worked hard at establishing their business so doing this just to help people who never tried to better themselves is just ridiculous.
n3rdbear 1 year ago
@n3rdbear Did you just sleep through the credit crunch and ensuing bailout?
isl232323 1 year ago
sorry man I don't know much about banking
n3rdbear 1 year ago
I am from a poor country. No matter how much money we receive there is always going to be corruption sadly, people will keep on procreating more than they can afford(average 5 children per family). Save your money UK , make your countries more beautiful, help your poor etc. i'm an anglophile.
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DrZaious 1 year ago
The Western world doesn't have a problem with the poor. We don't have poor, at least not poor like you see in Haiti, or Africa, what we have are the broke. We have a problem with broke ass people who won't spend their money with any sense, but I imagine that the people who support this have got some ideals about how to HELP the broke asses too.
Once the dogooders start to give out orders it won't ever end, because they are doing it for your own good.
dfctomm 1 year ago 3
As my mother used to say, there should be a special place in hell for bankers and insurance men.
The tax is a fine idea, though I suspect they would just raise fees and find NEW ways of screwing their customers.
Personally, I think it's time to oil and sharpen the old guillotines.
billmatteson 1 year ago
The British banking industry only makes about 86 billion pounds per year so they are talking about a minimum of a 60% tax. With all due respect to Sarah Palin, that's f-ing retarded.
How about we just let bad banks fail? The gov't can provide for an orderly liquidation of the banks, the bank director and board of directors would be civilly libel for their laxity, and you can bet we would not have another bank crisis for at least 50 years.
BillAndInna 1 year ago 2
YEAH!!!
Sugarandspite95 1 year ago
Blatant propaganda piece. Another way for politicians to get their hands on money in order to squander it. This will also inspire government to allow more fraudulent transactions by the banking cartels as the politicians get a cut from it.
Wake up, there's no free lunch - that's why we are in this "debt" crisis owing too much - this not a credit crisis. Spending by government only digs the hole deeper.
jjhny 1 year ago
as someone said about another dimwitted comment, yes, of course it's propaganda (and we love it).
And I'm not getting why a tiny tax on speculation is NOT a good idea.
And enough of this upside down logic that "spending by govt... " makes things worse. Generally, govt spending stimulates the economy.
Do you imagine if you say the opposite of everything you like it will come true?
manskybook 1 year ago
your only looking at one half of the balance sheet when you say that spending gov money stimulates the economy. the government has to first take money out of the economy in order to put it back in. that seems a little bit more upside down to me. all it takes is a good look at hoover and FDR to see why keynesianism has miserably failed. there was actually a recession in the early 20's that avoided a depression because the gov let the free markets fix themselves
anryth 1 year ago
Yes, and black is actually white! Up is down!
War is peace, freedom is slavery, ignorance is strength. We've heard all that before.
yt5454 1 year ago
really? a tiny tax is a burden on the speculative finance sector? Whose profits are they playing with, anyway? In any case, you apparently can parry any argument with something you've made up about the failures of FDR and beneficial recession in the 20s. Enjoy the echo chamber.
(Never could trust anyone who doesn't know the difference between "your" and "you're"...)
manskybook 1 year ago
if it produces hundreds of billions of pounds in tax revenue then that ultimately means that hundreds of billions of pounds will be taken out of the banking sector. does the term "hundreds of billions" sound like a small tax?
anryth 1 year ago
it's the stepdad from shaun of the dead.
Renshato 1 year ago