lol.. Yeah right. The banks are struggling. ;0) good one! Here's the reason the Robin Hood Tax won't work: The cost will just be handed down to the consumer and it will be business as usual.
hold on... someone explain how adding taxes to the banks at a time when they're all struggling is a good idea? I mean i love the idea, don't get me wrong, any opportunity to ease suffering in the world is, you know, great... but mightn't it have been a bit more applicable around, say, 2000-2008? Before the banks started to be the ones needing charity? Am I wrong here? By the way... read this again in Bill Nighy's voice, you'll love it.
You people just don't understand! Do you not see!?! A bank having to pay £500 for every million, why, that's just ridiculous! Such a massive amount would destroy the economy, .05% !
(continued) Banks are demanding that this debt from derivatives trades (bets) -- equal to 10 times all of the money in the world -- be paid to the banks BEFORE feeding the hungry of the world, before providing help to the physically and mentally ill, before paving roads and fixing bridges, before paying cops and teachers and firefighters. That said, I do agree that greedy bankers would just find a way to pass on that small tax to the investor and the checking-account customer etc.
The value of all the economies and all the natural resources (oil, gold, silver, copper, etec.) in the entire world = $60 trillion. The value of all of the derivatives trading bets the banks made to investors = $600 trillion--10 times the value of all the money in the whole world. these derivatives trading bets were stacked between 67% to 80% in favor of the casinos -- umm, I mean the banks -- and against the investors such as your retirement fund.
Any idea can be presented in a way most people would agree with. Unfortunately the quality of the presentation has nothing to do with the consequences (intended or unintended) of a given idea.
Let's not be delusional in thinking that most money given to non profits to help the poor ever actually reach the poor. A very small percentage actually does. A lot of it goes to the CEO's and board of said non profit which in turn is used to lobby for whatever their special interest is. Also, if people don't think that the banks will find some way to impose new fees to get this money back from the consumer, then they're crazy. Nobel idea, but it's not how reality works.
Bankers own the governments. So the Robin Hood Tax is another scam to funnel money into their pet governments' coffers & nothing more. In order to support the Robin Hood Tax, one must believe governments are motivated by genuine humanitarian benevolence, not bought & sold on the open market like everything else. Posing as Robin Hood is very clever. I must give them credit. They really are smarter than the commoners they rule. Those poor saps are masochists - see how they love this vid.
I think the arguments are too focused on how taking money from the banks will help many of the world's problems, but is it fair to the banks if they have rightfully acquired the money?
I'm in favour of the tax, but only if it's applied internationally.
Sadly, it'll probably be applied bureaucratically and unilaterally, like it was in the 60's. Furthermore, it's unlikely it will 'save lives in poorest countries, prevent climate change and protect public services', as instead it will go into the pockets of Whitehall bureaucrats...
Typical LibTard play on emotions. Your "tiny" little tax is just a foothold. You idiots are never satisfied until you've spent every last cent of OTHER PEOPLE'S money. Got to be a special place in hell for liberals.
@HayateAce What part don't you agree with? Taxing the practices that got us into this mess, preserving vital public services, what? As an aside, just because someone has money, doesn't mean they deserve it. The two definitions of 'fortune' are not mutually exclusive.
@HayateAce I was pretty sure people that can't afford food due to how these people gambled away their money deserve some of it back, but no, you're right, lets base our economical decisions based on what 1% of the population think they deserve for being manipulative greedy worthless harbingers of doom incapable of empathy or any degree of human compassion.
It is ironic . . . Robin Hood was not a tax collector . . . He robbed tax collectors. . . A true Robin Hood venture would rob from the governments and give the people back their tax money.
I have a degree in Economics, I have worked in Investment Banking, I therefore understand the issues around this. My conclusion if the EU, US and the Far East countries adopted such a regime it would do two things. It would raise Billions (if not globally Trillions of GBP's, which would alleviate much public sector debt finance initiatives to counter Global Poverty and Climate Change and the banks would have nowhere to run to and avoid it.
Then you probably didn't get very far in your career. Thw UK 100b would have to come from the profits ensuing from the banking transactions. If the taxes wiped out the profits (0.05% may be the margin that the trader makes on the trade, lol) or decreased them sufficienctly, it is likely that such transactions would occur less and less, causing the UK 100b payment to decrease by quite a bit.
@CaughtInTheBrambles I have the same economic understanding. People don't realise how much money banks have. We know though that the politician who implements the tax on a proper scale first will be greatly remembered throughout history. Funnily enough I plan to be that man. Wish me luck in the cut throat game of politics.
If it ever happened, banking would simply disappear to the Far East and then all you crusties would have a REAL problem with your benefit cheques and handouts. But don't worry, you can get some old luvvie actors and assorted Bollinger Bolsheviks to run your communes for you. Richard Curtis is worth millions, he could feed you for a while.
I'm not sure taking money from the financial sector and giving it to the bureaucrats is really an improvement. At least the financial sector provides useful services to people.
I think bankers are an easy target because most people do not understand their role in the economy. People just see them as sitting there doing nothing and accumulating wealth. In fact, they fuel investment in organizations which hire the majority of people in the world. By investing intelligently, they grow the economy and create wealth. With large gains there is also the potential of great losses, which people are not so keen to share. Having said that, I disagree with corporate bailouts.
The Tobin Tax is a stupid idea, it was tried in Sweden and it failed. It will reduce the incentive to exchange and therefore will impact upon economic growth and lead to job losses for those on £20-40K a year in the financial services sector.
It's a cute, fluffy little idea with serious consequences.
Now the World is suffering from the Damage the banks have inflicted on us all. Europe and America have Zero gowth and 1000,s are loosing their jobs, their houses and their buisnesses . What has happened to the Bankers who have caused all the trouble, They pay them selves another 22 million yearly wage and laugh all the way to the BANK !!!!
@eline65 So you claim that all the wealth the bankers possess was rightly earned by them through hard , honest labour ? I doubt it , nobody can work as much as to earn what the bankers have been paying themselves. Secondly , the public has just bailed out the banks ( with our money ) which we weren't asked for either. So the only logical step from here is that I am expecting back what is rightfully mine.
And lastly , Robin hood may have been a criminal but one without moral culpability!
@MrDarudin Funny how you gather all that from a comment didn't say anything about where they got the money or by what means.
I'm mad as hell about the bailouts. They should have been allowed to fail! But by taxing fiscal exchanges only burdens the buyers, not the banks. They'll pass that on to us, or charge us more money. Each action by any entity has implications. Think about it! How many scholarships will be limited by this? How many endowments? They get their money by these same transactions
Idiotic video. A Financial Transaction Tax would not be paid by the banks, but by ordinary investors. Furthermore, that "tiny" tax -- imposed on both buyers and sellers -- would dramatically lower trading volume, thus dramatically increasing market volatility and posing substantial risks to Main Street's retirement savings. It would generate few, if any, net revenues for governments, while increasing the cost of capital. and throwing people of work. What a great idea in a recession!
@HappyMoiMoi I thought the whole idea was that a Tobin tax was supposed to reduce market volatility through reducing the volume of short term speculative trades?
@HappyMoiMoi" It wouldn’t be a good idea if it killed markets, he said, but it won’t: It can now be applied at a tiny 0.005 per cent, raising an estimated $40-billion. Using economic models, he concluded that it wouldn’t kill currency trading, but would slow it, by 19 per cent, largely by discouraging rapid-fire computer-driven trades in and out of an asset." - Globe and Mail
So let me get this right ! The rich list who own the banks dont get taxed or only get taxed a small amount,so they get richer an richer,but the money they use to get rich with is the tax payers ! Right ! So the mess up and print some more ! What is the world bank and what kind of money doe's that hold in reserve...I am trying to understand so please be gentle with me...Thanks
Is it a good idea to tax Wall Street transactions? Yes. Do Americans support taxing Wall Street to send money abroad? Absolutely not. You know why? Because the American people bailed them out - not you abroad. In fact, you need to get off your ass and go OCCUPY THOSE BANKS OVER THERE THAT RECEIVED AMERICAN BAILOUT FUNDS VIA AMERICAN BANKS THAT RECEIVED AMERICAN TAX BAILOUT MONEY AND USED IT TO PAY OFF THEIR FOREIGN DEBTS TO FOREIGN BANKS!!! HELLO?
OK, let's get this straight. A tax on money dealings. mmmmm. Let me see now. What do corporations do when they get a dose of social action thrown at them through their plate glass windows? They refit their offices with glass re-enforced with bullet proof polycarbonate ceramic layers, using the small persons bank account as a means to collect the revenue to pay for it. That extra $1 charge on your account will pay for any social costs . It's revolving doors - y a w n .
One of the worst ideas ever. I like how they plan to raise 100 billion pounds by last year European banks made about 90 billion pounds in profits. This renders the banks insolvent?
I am vividtwist go to my tumblr blog. you will see something is very wrong with the tax. Look up the consequences on wikipedia. Do your research, stay vigilant.
@vividtwist stay vigilant and awake to the co-option of a movement trying to end taxes and government corporate corruption that can all be traced to private banking families to begin with...god is everyone that eager to go back to sleep or what????
@charlierebel83852 I totally agree with you. The anti-Whites are servants of the system, what they do is parrot any autoritei they have been brainwashed by when they were young, media, teachers, akademia. These anti-whites are just getting desperate.
Meanwhile nobody is flooding Japan with millions of Japanese pushing the final solution of the Japanese people in only Japan. No these desperate anti-Whites only push this geNOcide in White childrens home.
@freddyshutsupforever no....170 people don't want the banks to be taxed so they would trickle down the cost of paying it to the customer with higher service charges and fees old and new....come on man...a tax to the rich by the rich...WE aren't the ones going to be collecting that money and distributing it....unless you work for the government?
Em, sorrry if it seems stingy but .05%? no more would trickle down? Are you suuure they cant really afford say 2%? is that demanding too much of the multi billionaire banks?
People say there is this RACE problem and this RACE problem will be solved when the third world pours into EVERY white country and ONLY into white countries. They say the final solution to this RACE problem is for EVERY white country and ONLY white countries to “assimilate,” i.e., intermarry, with all those non-whites. It’s really just the final solution to the white problem. It’s genocide. They say they are anti-racist. What they are is anti-white. Anti-racist is a code word for anti-white.
For anyone who is interested, the racists at Bob Whitaker have decided to spam this video with racist trash. Here's a link to the page where they send their trolls from. whitakeronline(dot)org/blog/topic/where-did-you-post-the-mantra-today/page/87/
No one is flooding Africa with Jewish Bankers, pushing programs of national destruction and saying, "Whatever you do, don't protest, especially the nationalists. "No one is flooding China with Jewish Bankers, pushing programs of national destruction and saying, "Whatever you do, don't protest, especially the nationalists." Of course not, the people who say these things ONLY say them about EVERY White and ONLY White countries. They claim anti-racist. Anti-racist is a codeword for anti-White.
@TheGenseric For anyone who is interested, the racists at Bob Whitaker have decided to spam this video with racist trash. Here's a link to the page where they send their trolls from. whitakeronline(dot)org/blog/topic/where-did-you-post-the-mantra-today/page/87/
@flipskaterdave You're just calling me "racist" because I am White. Anti-racist is a code word for anti-White.
They only disallow the introduction of race reality when the topic includes White people being on the receiving end. They also say genocide in EVERY White country and ONLY White countries is NOT happening. They also say they are anti-racist as White children are the only ones to feel the effects of their Morality. What they are is anti-White.
OWS Calling for a "global governance" but let me guess ONLY in WHITE Countries.
All white countries and ONLY white countries are being flooded with non white immigration in the name of open borders, globalization, world peace and so on and so forth.
This is NOT happening in China, Japan, Korea, Israel etc....ONLY White countries
This is really an attempt to genocide the White race!
Oh, just a teeny, tiny, itty, bitty little tax on the big bad bankers....right. That will raise hundreds of billions to "help the poor" and "fight global warming"....right. Just a little, harmless GLOBAL TAX to help pave the way and help finance a GLOBAL GOVERNMENT? So tell me, HOW is the tax collected? WHO DECIDES where and TO WHOM the money goes?? What is to stop the banks from just passing on the cost to the little guy? What are the possible and likely unintended consequences? ?
Why did adbusters go against their initial endorsement of this petition for 0.05% tax and are now urging #OccupWallSt to march for 1% tax next week? For full references see the website OccupyAustralia.info
By the way, I live by PAYCHeck..I am not of the 99%, I am of the 43%..but I, thank God receive a disbursement by the Fed for using my tax pay\ments for a acrewed interest, Annually. I am glad to be an American. I am purpled, greened, orangeaded, black, white, and yeller. I am an A-hole most of the time. My spirit is RED, WHITE, and BLUE Forever! SSI is dead and has been for 40 years..Wake up..Go to work, live your life..
We will all suffer due to the INCOMPETENCE of Government not being able to manage a quarter more in new tax..NONE is my answer.Cut ALL these Unions out of the public sector..Union buildings reside on Constitution AVENUE Departmnet of Labor Relations (FED)Washington DC.Pennsylvania Avenue WDC, Louisiana Av 16th Street WDC.AFLCIO.There is No money to caretake these public Unions.How on earth did a Union get into politics?Businesses need to fail.Banking is a decoy for the real problem..DontBeFooled
NO new taxes to the corrupt politicians who control themoney ,its useless to give them more,, they will spend it on whats good for them,,not what good for the country, ,,i support no money for Goverment until they can run the county correctly,, you will find if this ever happens,, there is already enough funds to support the needy and create opportunities for people top be self sufficient ,.., stop feeding them more until they can run the county like you and I run our personal finances ,,
so yeah, let's make our point on how overpaid bankers are....by hiring some actor who isn't overpaid in anyway what so ever. Those bankers don't do feck all, but actors on the other hand are fairly paid for the hard work they do. The film 'Love Actually' inspires me on a daily basis. Oh the irony.
Please help: #BofA lied and ruined my credit, please sign my petition to restore it change.org/petitions/tell-b-of-a-they-cant-lie-and-ruin-peoples-credit
this is idiotic....Banks are already being taxed, employees being taxed, bonuses being taxed, peoples money inside the banks is taxed, and this idea is completely inflamatory to incite some insane notion that banks are the problem.In fact the very idea or notion of this tiny tiny taxTaxTax is just another smokescreen . Government is Greedy; look at em "Never enuff of OPM" Lets just not have Banks and pay taxes to UN and then all Greed will disappear. Right!? Right?!Truth will win in the end!!!
@BuggiOlleo Banks pay next to nothing in taxes. Barclays last year had a tax bill of 500 million and they paid less than 20. The public has bailed out the banks to the tune of 800 billion so far, and i say so far because they are giong to be bailed out again by the Government out of the public finances. The true 1% of the banking elite are the ones who are causing all these problems, the Rockerfeller's, rothchild's, J.P.Morgan, The Bush's, The Windsors, 300 Families who own 80% of the world.
@nikawaki You mean the $800 Billion they paid back and then Congress and the White house passed it out instead of paying down the $800 billion they borrowed?
@ChulaKirby You speak truth, but the numbers aren't right. It's more like $430B lent, then paid back. Fannie and Freedie are still on the hook though. We're still in the hole something like $20B Stateside
@nikawaki Debt caused this mess, not the banks that let us sign the loan docs! Politicians caused this by misusing, and overspending taxpayer monies. Not the banks that helped sell the bonds. If we as a populous didn't have so much debt to begin with, then he banks could gamble with it.
@eline65 Yeah but even though they paid the money back the politicians didn't pay back the taxpayers. They didn't back back the money they borrowed in our name but spent it and the OWS protest against the banks. This is so phony and manufactured it makes me sick.
@eline65 the banks are gambeling with money they just made up ! Fractional reserve banking. deposit 1000 and the bank can utilize 10000. 10 x the original deposit = money that does not even exist. How the hell can you say the banks are not to blame ???
@nikawaki That's not how fractiona reserve works. Again, the problem was the public and private sector use of debt. Grecian debt, Irish debt, Spanish, Now the Italian government, or most EU countries debt. US debt, home loans, Debt swaps, etc. If there wasn't so much dammed debt we wouldn't have this problem. That DEBT is the root of the problem. The politicians and the public gave them means to play with the monies.
@nikawaki The Bush's? They don't own banks. JP Morgan Chase? Isn't the CEO part of the arrogant one Obama's Cabinet. Isn't Goldman Sachs CEO also in the mix? Barney Frank of Fannie Mae, He's also in that lot of moonbats!
According to Barclays' financial results, the bank paid an "effective tax rate" on its gross profits - which comprises corporation tax paid in all parts of the globe - of 25% in 2010 and 23% in 2009.
@BuggiOlleo What is idiotic is your presumption that it is government that is greedy when that government is asking for a measely TWENTY FIVE CENTS FOR EVERY $1000 WORTH OF EACH FINANCIAL TRANSACTION.
What is imflammatory is that the banks are bitching about this and those of you who are defending the banks who are a part of the 99% should just slap yourselves over and over until you knock sense past your thick skulls.
@xRamirox Great job spreading class warfare! Oh yeah, please keep that going. More divisiveness and envy is just what people need to bring us all together!
People seem to forget that all transactions on financial markets get more expensive and markets will get a little less liquid. Consequence is that pensionfunds etc have to bear more cost to achieve the same, thus in the end the people will pay this tax, not the banks or bankers.
people, there is one thing we have to bear in mind: this sort of Robin Hood Tax has to be introduced at a global level. RH Tax on the UK would put UK banks in a competitive disadvantage, and I believe UK government would not want it to happen. Would the USA introduce it? How about Japan, Hong Kong, France or the EU? Under today's insanely fierce competitions in financial industry, I suppose no 'fools' would impose the Robin Hood on its own for the sake of 'helping others'.
@wangzongxiang123 The EU wants it to be introduced. In fact the 'robin hood' name is slightly misleading - it was proposed by Merkel and Sarkozy but opposed by the UK.
I agree with taxing the banks but to only do it in one nation and not on all global trade is financial suicide. Do it everywhere or do it nowhere is the only way it could work. If the EU implement this then London will bear the vast majority of the brunt, thus we all suffer.
@thatguywiththeegg I agree, but I think that the idea of a financial transactions tax is a good one. As such, I think introducing it at the European level would be a tremendous place to start. If it stops people speculating, trading futures, derivatives, etc, as much as they had been (which seems to be the primary argument against the tax), then that's a plus, in my opinion. Less of any practice that contributed to the financial crisis.
I'm sure I saw this when it first came out. Still sounds like a good idea and I'm glad its still going around.. Don't know why it has to be as low as 0.05% though.
A tax on bankers means a bigger tax on YOU, they are not stupid. We need to get rid of them. Bitcoins shows us the way. HOLD YOUR OWN GOD DAM CURRENCY!
notice is said currency not money cuz paper and digits aint fucking money.
im up for it. but we would need very strict control over this. just look what american banks are doing robbing people of america, what imf and world bank are doing to whole world... this could be very abused by some people/banks!!!!
Such a tax could even be Voluntary. If your bank is taking money out of the community and not putting any into the community, is it a very good bank worth keeping, or not?
Video is full of interesting potential for good ideas, whether you believe in mandatory taxation or not. It seems to be based on the idea that banks have all the money in the world... isn't that nearly the case?
Very Good! However the banks would simply pass on the taxation to borrowers by raising their interest rates, meaning that unless the banks' interest rates were government controlled, the effect would be to shift the taxation from general income tax to those who constantly borrow ... still an improvement over the present system for the average working person.
some of you talk about annoying crap like the increase in unemployment in the financial sector and go too in depth about the economic effects. obviously these things are important but what about the millions of lives this idea could save!? dont treat economics like a religion ... remeber that there are people living in horrible conditions in his world. so if taxing the banks 0.05 % helps so much then im in!
Banks worldwide seem to have no problem in receiving welfare from the taxpayer to bail them out, and this is a creative way for them to make amends. My only wonder is that when they arrange their gambling in such instruments as credit default swaps - then perhaps they should pay the same level as the honest Joe who bets on horses.
The big problem that has plagued the UK for the last 10 years is the massive influx of 'asylum seekers' who get given free housing, medical, food and education paid for by taxpayers, then 'disappear' into the woodwork where their cousins are already hiding, and end up running drug rings, prostitution scams, and send out their children to beg and steal from innocent people. That is the main issue David Cameron needs to tackle, and its why I don't live in my 'home' country anymore...
I'm not going to spew rhetoric however I must make the point that there are 1 million 18 to 25 year olds unemployed at the moment in Britain. Can we really afford to make one financial decision that is likely to lead to any form of further unemployment? When you tax companies they lay off workers time and time again
@Amadeus5150 if I'm correct, that means they profited, after all their bills and workers were paid, between $7000-$10,000 every minute for three months straight. And their still getting a subsidized with the taxes we pay. And because of greed, they don't pay taxes on the ten billion they just profited. Now who do you think they're gonna share that with. Not you or me. Greed won't allow them to. We all need to wake up here.
I wouldn't boo you for that. But that same greed that enabled living standards to rise, only enabled them for the well off while the poor and destitute fall further behind. That same greed enabled the greedy bankers to lobby our government to make their own laws that only benefit them. Do you honestly think that kind of greed is going to give a damn about the poor. Why do you think gas is over $4/gal and the oil companies profited 10 billion in the first quarter. That over 10mil every day.
Why kiss banker ass by begging them to tax themselves? They tax you; you don't tax them. Take from them the power to create money and then you might be taken seriously. Until then, this is nothing more than laying down and begging for scraps. Doesn't sound too much like what Robin Hood would propose now does it?
the only problem with robin hood tax, is that if it is implemented, we run the risk of loosing a large financial sector of our economy. This is as, with booming countries like China having very little to no taxing on banking industries, heavy taxes from a country like England will encourage the majority of the banking industry to transfer to countries like China, as business there will be significantly more profitable. If that happens, everyone would be at a loss.
Even if it's just one half of one tenth of a percent, they would still say, that's too much, we can't afford to give up .005%. Greed is the monster that need to be fed constantly. Sucking up all the crumbs leaving the plate as clean as a whistle.
@mrmagoo662 I'm probably gonna get booed but, greed is a good monster. Greed or err, human desire to trade, has enabled living standards to rise dramatically in the past 100 years. The greed you speak of is only possible when these evil scary bankers are given the ability to abuse regulations and control government and operate in a not so competitive environment. And of course government monopoly over the money supply.
If your solution is to tax them, then I'm afraid they've already won.
Very good idea. But, I don't think money grubbing bankers would part with their money that easily. Since the filthy rich own everything now, they would just find a way to get out of it.
A tax on banks would be an improvement but sorry, it is a pathetic move. I don't mean to demean the good intentions behind this but it is really glaring how meak and subordinated we have become. Don't we get it? This is OUR planet. We don't ask criminal psychopaths for our share, we take it.
203 bankers don't like this idea.
hashishin666 4 days ago
lol.. Yeah right. The banks are struggling. ;0) good one! Here's the reason the Robin Hood Tax won't work: The cost will just be handed down to the consumer and it will be business as usual.
scannerman777 1 week ago
hold on... someone explain how adding taxes to the banks at a time when they're all struggling is a good idea? I mean i love the idea, don't get me wrong, any opportunity to ease suffering in the world is, you know, great... but mightn't it have been a bit more applicable around, say, 2000-2008? Before the banks started to be the ones needing charity? Am I wrong here? By the way... read this again in Bill Nighy's voice, you'll love it.
xXfalken16Xx 1 week ago
You people just don't understand! Do you not see!?! A bank having to pay £500 for every million, why, that's just ridiculous! Such a massive amount would destroy the economy, .05% !
/sarcasm
BFisichella 2 weeks ago
@BFisichella .005%, as stated in the video - "nought, nought point five." = $5,000 L per M.
But I get the facetiousness, I agree - just subtract it before the bonus award shindig.
kinetic415 6 hours ago
@kinetic415 oops "point nought nought five."
kinetic415 6 hours ago
damn davy jones squirming
jetli80 3 weeks ago
The rest of the world asks the banks "why u no share with ppl of the world?!" And the banks answer "Problem?....U MAD bro??"
Trinitus231 3 weeks ago
(continued) Banks are demanding that this debt from derivatives trades (bets) -- equal to 10 times all of the money in the world -- be paid to the banks BEFORE feeding the hungry of the world, before providing help to the physically and mentally ill, before paving roads and fixing bridges, before paying cops and teachers and firefighters. That said, I do agree that greedy bankers would just find a way to pass on that small tax to the investor and the checking-account customer etc.
Todd198713 1 month ago
The value of all the economies and all the natural resources (oil, gold, silver, copper, etec.) in the entire world = $60 trillion. The value of all of the derivatives trading bets the banks made to investors = $600 trillion--10 times the value of all the money in the whole world. these derivatives trading bets were stacked between 67% to 80% in favor of the casinos -- umm, I mean the banks -- and against the investors such as your retirement fund.
Todd198713 1 month ago
The proponents of "market liquidity" can go fuck themselves.
If the system couldn't handle a tax on purposeless gambling, the system was a dumbass one to begin with.
I never wrote this request before ...but here I dare: Please "Thumb up" if you agree...
worldismorphing 1 month ago 2
It is obviously not going anywhere although I wish it would
38feet 1 month ago
Davy Jones ftw!
wizzzer1337 1 month ago
Any idea can be presented in a way most people would agree with. Unfortunately the quality of the presentation has nothing to do with the consequences (intended or unintended) of a given idea.
kalib79 1 month ago
@kalib79 I agree! This is a great presentation of a most excellent idea. Cameron is the only one in Europe who can't see it.
sionnyn 1 month ago
to bad about snow patrol at the end, they suck suck! SUCK!
jponsillo 1 month ago
Let's not be delusional in thinking that most money given to non profits to help the poor ever actually reach the poor. A very small percentage actually does. A lot of it goes to the CEO's and board of said non profit which in turn is used to lobby for whatever their special interest is. Also, if people don't think that the banks will find some way to impose new fees to get this money back from the consumer, then they're crazy. Nobel idea, but it's not how reality works.
flat6quattro 1 month ago
Bankers own the governments. So the Robin Hood Tax is another scam to funnel money into their pet governments' coffers & nothing more. In order to support the Robin Hood Tax, one must believe governments are motivated by genuine humanitarian benevolence, not bought & sold on the open market like everything else. Posing as Robin Hood is very clever. I must give them credit. They really are smarter than the commoners they rule. Those poor saps are masochists - see how they love this vid.
HyperIndividualist 1 month ago
I think the arguments are too focused on how taking money from the banks will help many of the world's problems, but is it fair to the banks if they have rightfully acquired the money?
isentient666 1 month ago
I think the arguments are too much on how taking money from the banks wi
isentient666 1 month ago
This has been flagged as spam show
How the US gov is destroying the earth
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eliasmouawad 1 month ago
I'm in favour of the tax, but only if it's applied internationally.
Sadly, it'll probably be applied bureaucratically and unilaterally, like it was in the 60's. Furthermore, it's unlikely it will 'save lives in poorest countries, prevent climate change and protect public services', as instead it will go into the pockets of Whitehall bureaucrats...
Move the stones and let the grass grow.
tdp1909 2 months ago
Typical LibTard play on emotions. Your "tiny" little tax is just a foothold. You idiots are never satisfied until you've spent every last cent of OTHER PEOPLE'S money. Got to be a special place in hell for liberals.
HayateAce 2 months ago
@HayateAce This has got nothing to do with liberalism mate.
Coolguyrob2006 2 months ago
@HayateAce You idiot.
Scintillations314 2 months ago
@HayateAce What part don't you agree with? Taxing the practices that got us into this mess, preserving vital public services, what? As an aside, just because someone has money, doesn't mean they deserve it. The two definitions of 'fortune' are not mutually exclusive.
Scintillations314 2 months ago
@HayateAce I was pretty sure people that can't afford food due to how these people gambled away their money deserve some of it back, but no, you're right, lets base our economical decisions based on what 1% of the population think they deserve for being manipulative greedy worthless harbingers of doom incapable of empathy or any degree of human compassion.
sonny247 1 month ago
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It is ironic . . . Robin Hood was not a tax collector . . . He robbed tax collectors. . . A true Robin Hood venture would rob from the governments and give the people back their tax money.
No more new taxes! It is covetousness and theft.
frizfarm 2 months ago
didn't we just spend billions of dollars to bail out the banks?
StormTide913 2 months ago 2
I have a degree in Economics, I have worked in Investment Banking, I therefore understand the issues around this. My conclusion if the EU, US and the Far East countries adopted such a regime it would do two things. It would raise Billions (if not globally Trillions of GBP's, which would alleviate much public sector debt finance initiatives to counter Global Poverty and Climate Change and the banks would have nowhere to run to and avoid it.
The only objectors are the rich bankers.
CaughtInTheBrambles 2 months ago 27
@CaughtInTheBrambles
Then you probably didn't get very far in your career. Thw UK 100b would have to come from the profits ensuing from the banking transactions. If the taxes wiped out the profits (0.05% may be the margin that the trader makes on the trade, lol) or decreased them sufficienctly, it is likely that such transactions would occur less and less, causing the UK 100b payment to decrease by quite a bit.
wahdyr 1 month ago
@CaughtInTheBrambles
Yes, --ALL-- financial centers must be subject to it. No exception.
There is no other way...
worldismorphing 1 month ago
@CaughtInTheBrambles I have the same economic understanding. People don't realise how much money banks have. We know though that the politician who implements the tax on a proper scale first will be greatly remembered throughout history. Funnily enough I plan to be that man. Wish me luck in the cut throat game of politics.
TheConnorian 1 month ago
the banker reminds me of scrimageour from harry potter
gggigglez0707 2 months ago
@gggigglez0707 Same actor. xD
Scintillations314 2 months ago
If it ever happened, banking would simply disappear to the Far East and then all you crusties would have a REAL problem with your benefit cheques and handouts. But don't worry, you can get some old luvvie actors and assorted Bollinger Bolsheviks to run your communes for you. Richard Curtis is worth millions, he could feed you for a while.
theymakeitlookeasy 2 months ago
say, didn't that banker used to help make planets in Hitchhiker's Guide to the Galaxy?
david1austin 2 months ago
@david1austin Again, same actor
Scintillations314 2 months ago
We don't need to fix the financial system, we need a completely new one
xXFlyleafXx 2 months ago
I'm not sure taking money from the financial sector and giving it to the bureaucrats is really an improvement. At least the financial sector provides useful services to people.
stephenbmassey 2 months ago
great video, f*cking stupid comments
KonniShiva 2 months ago 3
Until we abolish a monetary system based on interest-bearing debt, nothing will change.
As for climate change (formerly global warming), it is nothing more than a hoax to introduce carbon tax and carbon trading.
MrJohnnyBoy4444 2 months ago
I think bankers are an easy target because most people do not understand their role in the economy. People just see them as sitting there doing nothing and accumulating wealth. In fact, they fuel investment in organizations which hire the majority of people in the world. By investing intelligently, they grow the economy and create wealth. With large gains there is also the potential of great losses, which people are not so keen to share. Having said that, I disagree with corporate bailouts.
phil8888 2 months ago
so imagine taxing them 20% !!!!!!!
YTacc1100 2 months ago
The Tobin Tax is a stupid idea, it was tried in Sweden and it failed. It will reduce the incentive to exchange and therefore will impact upon economic growth and lead to job losses for those on £20-40K a year in the financial services sector.
It's a cute, fluffy little idea with serious consequences.
MrMatrixbadger 2 months ago
@MrMatrixbadger Wrobel's studies did not address the global economy as a whole.
3510211 2 months ago
Now the World is suffering from the Damage the banks have inflicted on us all. Europe and America have Zero gowth and 1000,s are loosing their jobs, their houses and their buisnesses . What has happened to the Bankers who have caused all the trouble, They pay them selves another 22 million yearly wage and laugh all the way to the BANK !!!!
longstack1 2 months ago
ENVY! That's what this is. Envy pure and simple.
Taking something from someone because they have allot more and it's not fair! It's not! It's NOT! IT'S NOT!
Comrade Lenin would be proud of all the useful idiots in the world.
Let's not forget. Robin (of the) Hood was still a thief.
eline65 2 months ago
@eline65 So you claim that all the wealth the bankers possess was rightly earned by them through hard , honest labour ? I doubt it , nobody can work as much as to earn what the bankers have been paying themselves. Secondly , the public has just bailed out the banks ( with our money ) which we weren't asked for either. So the only logical step from here is that I am expecting back what is rightfully mine.
And lastly , Robin hood may have been a criminal but one without moral culpability!
MrDarudin 2 months ago
@MrDarudin Funny how you gather all that from a comment didn't say anything about where they got the money or by what means.
I'm mad as hell about the bailouts. They should have been allowed to fail! But by taxing fiscal exchanges only burdens the buyers, not the banks. They'll pass that on to us, or charge us more money. Each action by any entity has implications. Think about it! How many scholarships will be limited by this? How many endowments? They get their money by these same transactions
eline65 2 months ago
Idiotic video. A Financial Transaction Tax would not be paid by the banks, but by ordinary investors. Furthermore, that "tiny" tax -- imposed on both buyers and sellers -- would dramatically lower trading volume, thus dramatically increasing market volatility and posing substantial risks to Main Street's retirement savings. It would generate few, if any, net revenues for governments, while increasing the cost of capital. and throwing people of work. What a great idea in a recession!
HappyMoiMoi 2 months ago
@HappyMoiMoi I thought the whole idea was that a Tobin tax was supposed to reduce market volatility through reducing the volume of short term speculative trades?
3510211 2 months ago
@HappyMoiMoi" It wouldn’t be a good idea if it killed markets, he said, but it won’t: It can now be applied at a tiny 0.005 per cent, raising an estimated $40-billion. Using economic models, he concluded that it wouldn’t kill currency trading, but would slow it, by 19 per cent, largely by discouraging rapid-fire computer-driven trades in and out of an asset." - Globe and Mail
What is your opinion of this?
3510211 2 months ago
So let me get this right ! The rich list who own the banks dont get taxed or only get taxed a small amount,so they get richer an richer,but the money they use to get rich with is the tax payers ! Right ! So the mess up and print some more ! What is the world bank and what kind of money doe's that hold in reserve...I am trying to understand so please be gentle with me...Thanks
letmeinpleaze 2 months ago
HaloAngelBoy - Usury: the loaning of money with extortionate rates of interest. Care to explain how this definition fits the Robin Hood Tax?
torquemadagb 2 months ago
robinhood tax is usury. We dont want to fight usury with usury.
HaloAngelBoy 2 months ago
Is it a good idea to tax Wall Street transactions? Yes. Do Americans support taxing Wall Street to send money abroad? Absolutely not. You know why? Because the American people bailed them out - not you abroad. In fact, you need to get off your ass and go OCCUPY THOSE BANKS OVER THERE THAT RECEIVED AMERICAN BAILOUT FUNDS VIA AMERICAN BANKS THAT RECEIVED AMERICAN TAX BAILOUT MONEY AND USED IT TO PAY OFF THEIR FOREIGN DEBTS TO FOREIGN BANKS!!! HELLO?
occupydelawarenow 2 months ago
you know you are on the wrong track when highly paid actors are doing the lip service for this tax......
joadhenry 2 months ago
OK, let's get this straight. A tax on money dealings. mmmmm. Let me see now. What do corporations do when they get a dose of social action thrown at them through their plate glass windows? They refit their offices with glass re-enforced with bullet proof polycarbonate ceramic layers, using the small persons bank account as a means to collect the revenue to pay for it. That extra $1 charge on your account will pay for any social costs . It's revolving doors - y a w n .
christvbible 3 months ago
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One of the worst ideas ever. I like how they plan to raise 100 billion pounds by last year European banks made about 90 billion pounds in profits. This renders the banks insolvent?
HappaHero 3 months ago
Very interesting idea.
Geshem1983 3 months ago
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MrDaratha 3 months ago
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HappaHero 3 months ago
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HappaHero 3 months ago
bankers shud be tried for theif and corruption.
ThinkingAgent12 3 months ago
I am vividtwist go to my tumblr blog. you will see something is very wrong with the tax. Look up the consequences on wikipedia. Do your research, stay vigilant.
vividtwist 3 months ago
@vividtwist stay vigilant and awake to the co-option of a movement trying to end taxes and government corporate corruption that can all be traced to private banking families to begin with...god is everyone that eager to go back to sleep or what????
joadhenry 3 months ago
Of course, this tax is a bad idea. The idea that successful countries should help unsuccessful ones is just plain nuts.
CloeBuckingham 3 months ago
@charlierebel83852 I totally agree with you. The anti-Whites are servants of the system, what they do is parrot any autoritei they have been brainwashed by when they were young, media, teachers, akademia. These anti-whites are just getting desperate.
Meanwhile nobody is flooding Japan with millions of Japanese pushing the final solution of the Japanese people in only Japan. No these desperate anti-Whites only push this geNOcide in White childrens home.
I wonder why they hate us Whites so much.
77katkatkat 3 months ago
170 people are bankers...
freddyshutsupforever 3 months ago
@freddyshutsupforever no....170 people don't want the banks to be taxed so they would trickle down the cost of paying it to the customer with higher service charges and fees old and new....come on man...a tax to the rich by the rich...WE aren't the ones going to be collecting that money and distributing it....unless you work for the government?
joadhenry 3 months ago
@joadhenry
a step in the right direction is better then no step at all...
freddyshutsupforever 2 months ago
@freddyshutsupforever without being too flippant ... a step in the same old pile is a step in the same old pile...
joadhenry 2 months ago
@joadhenry
the fact that we and others discus this issue, is more of a step forward to reforms then you might think.
A single thought that unites us all is more powerful then any negative force.
freddyshutsupforever 2 months ago
Em, sorrry if it seems stingy but .05%? no more would trickle down? Are you suuure they cant really afford say 2%? is that demanding too much of the multi billionaire banks?
kingdavidek 3 months ago
Just a shame none of the parties agree with it. Labour obviously don't, or does 13 years in power make such an implementation impossible?
Snagprophet 3 months ago
People say there is this RACE problem and this RACE problem will be solved when the third world pours into EVERY white country and ONLY into white countries. They say the final solution to this RACE problem is for EVERY white country and ONLY white countries to “assimilate,” i.e., intermarry, with all those non-whites. It’s really just the final solution to the white problem. It’s genocide. They say they are anti-racist. What they are is anti-white. Anti-racist is a code word for anti-white.
mr1alphaalpha 3 months ago
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For anyone who is interested, the racists at Bob Whitaker have decided to spam this video with racist trash. Here's a link to the page where they send their trolls from. whitakeronline(dot)org/blog/topic/where-did-you-post-the-mantra-today/page/87/
gamutman 3 months ago
@gamutman Hilariously, the racists at whitaker flagged my comment as spam for sending anti-racists to their site.
Seriously, here's the post: whitakeronline(dot)org/blog/topic/debate-advice-and-style/page/21/#post-11477
The reality is they are spamming this thread. See my previous post.
joehumbleo 3 months ago
No one is flooding Africa with Jewish Bankers, pushing programs of national destruction and saying, "Whatever you do, don't protest, especially the nationalists. "No one is flooding China with Jewish Bankers, pushing programs of national destruction and saying, "Whatever you do, don't protest, especially the nationalists." Of course not, the people who say these things ONLY say them about EVERY White and ONLY White countries. They claim anti-racist. Anti-racist is a codeword for anti-White.
TheGenseric 3 months ago
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@TheGenseric For anyone who is interested, the racists at Bob Whitaker have decided to spam this video with racist trash. Here's a link to the page where they send their trolls from. whitakeronline(dot)org/blog/topic/where-did-you-post-the-mantra-today/page/87/
gamutman 3 months ago
@TheGenseric funny how racist people always bring race into a non race discussion
flipskaterdave 2 months ago
@flipskaterdave You're just calling me "racist" because I am White. Anti-racist is a code word for anti-White.
They only disallow the introduction of race reality when the topic includes White people being on the receiving end. They also say genocide in EVERY White country and ONLY White countries is NOT happening. They also say they are anti-racist as White children are the only ones to feel the effects of their Morality. What they are is anti-White.
Anti-racist is a code word for anti-White.
TheGenseric 2 months ago
@TheGenseric I am anti-racist and not anti-white. I don't judge anybody by race, it is not relevant.
23lFrench 2 months ago 10
@23lFrench indeed!
aliaandreadi 2 months ago
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OWS Calling for a "global governance" but let me guess ONLY in WHITE Countries.
All white countries and ONLY white countries are being flooded with non white immigration in the name of open borders, globalization, world peace and so on and so forth.
This is NOT happening in China, Japan, Korea, Israel etc....ONLY White countries
This is really an attempt to genocide the White race!
ALL White people are waking up!
Anti-racism is a code word for anti-white
mr1alphaalpha 3 months ago
why are there dislikes? seriously?
jizzmermaid 3 months ago
Oh, just a teeny, tiny, itty, bitty little tax on the big bad bankers....right. That will raise hundreds of billions to "help the poor" and "fight global warming"....right. Just a little, harmless GLOBAL TAX to help pave the way and help finance a GLOBAL GOVERNMENT? So tell me, HOW is the tax collected? WHO DECIDES where and TO WHOM the money goes?? What is to stop the banks from just passing on the cost to the little guy? What are the possible and likely unintended consequences? ?
AnnInFL 3 months ago
@AnnInFL amen. The money will go to the World Bank to finance it's dirty little tricks.
pabloelpopstar 3 months ago
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Why did adbusters go against their initial endorsement of this petition for 0.05% tax and are now urging #OccupWallSt to march for 1% tax next week? For full references see the website OccupyAustralia.info
sqgl 3 months ago
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sqgl 3 months ago
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sqgl 3 months ago
By the way, I live by PAYCHeck..I am not of the 99%, I am of the 43%..but I, thank God receive a disbursement by the Fed for using my tax pay\ments for a acrewed interest, Annually. I am glad to be an American. I am purpled, greened, orangeaded, black, white, and yeller. I am an A-hole most of the time. My spirit is RED, WHITE, and BLUE Forever! SSI is dead and has been for 40 years..Wake up..Go to work, live your life..
BuggiOlleo 3 months ago
@BuggiOlleo "You can tell more about a man from what he says about others, than from what others say about him." -Leo Aikman
83169 3 months ago
We will all suffer due to the INCOMPETENCE of Government not being able to manage a quarter more in new tax..NONE is my answer.Cut ALL these Unions out of the public sector..Union buildings reside on Constitution AVENUE Departmnet of Labor Relations (FED)Washington DC.Pennsylvania Avenue WDC, Louisiana Av 16th Street WDC.AFLCIO.There is No money to caretake these public Unions.How on earth did a Union get into politics?Businesses need to fail.Banking is a decoy for the real problem..DontBeFooled
BuggiOlleo 3 months ago
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@BuggiOlleo "You can tell more about a man from what he says about others, than from what others say about him." -Leo Aikman
83169 3 months ago
NO new taxes to the corrupt politicians who control themoney ,its useless to give them more,, they will spend it on whats good for them,,not what good for the country, ,,i support no money for Goverment until they can run the county correctly,, you will find if this ever happens,, there is already enough funds to support the needy and create opportunities for people top be self sufficient ,.., stop feeding them more until they can run the county like you and I run our personal finances ,,
mtbgrs 3 months ago
@mtbgrs = "stop feeding them more until they can run the county like you and I run our personal finances"
Buying things they can't afford with credit they can't pay off in their lifetimes?
TheWilliamGeorge 3 months ago
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@TheWilliamGeorge "You can tell more about a man from what he says about others, than from what others say about him." -Leo Aikman
83169 3 months ago
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@mtbgrs "You can tell more about a man from what he says about others, than from what others say about him." -Leo Aikman
83169 3 months ago
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@n3wk4os he was once an octopus-faced demon pirate who kept his heart in a jar. Not much has changed.
Bummercund 3 months ago
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Bummercund 3 months ago
so yeah, let's make our point on how overpaid bankers are....by hiring some actor who isn't overpaid in anyway what so ever. Those bankers don't do feck all, but actors on the other hand are fairly paid for the hard work they do. The film 'Love Actually' inspires me on a daily basis. Oh the irony.
PerpetualMotion2020 3 months ago
@PerpetualMotion2020
What makes you so sure he was hired instead of just doing this with some friends to support a cause he believes in?
RichardMNixon 3 months ago
@PerpetualMotion2020 But you need to understand that most actors like katy perry, rebbeca black etc earned their money through talent.
zwiiyt 3 months ago
Bill Nighy is wonderful lol
alanbstard4 3 months ago
Please help: #BofA lied and ruined my credit, please sign my petition to restore it change.org/petitions/tell-b-of-a-they-cant-lie-and-ruin-peoples-credit
smolsen 3 months ago
I love you Bill Nighy and your liberal social policies. That is all. If you were PM the world would be a better place.
MissMiranda89 3 months ago in playlist MissMiranda89's favorites
this is idiotic....Banks are already being taxed, employees being taxed, bonuses being taxed, peoples money inside the banks is taxed, and this idea is completely inflamatory to incite some insane notion that banks are the problem.In fact the very idea or notion of this tiny tiny taxTaxTax is just another smokescreen . Government is Greedy; look at em "Never enuff of OPM" Lets just not have Banks and pay taxes to UN and then all Greed will disappear. Right!? Right?!Truth will win in the end!!!
BuggiOlleo 3 months ago
@BuggiOlleo Banks pay next to nothing in taxes. Barclays last year had a tax bill of 500 million and they paid less than 20. The public has bailed out the banks to the tune of 800 billion so far, and i say so far because they are giong to be bailed out again by the Government out of the public finances. The true 1% of the banking elite are the ones who are causing all these problems, the Rockerfeller's, rothchild's, J.P.Morgan, The Bush's, The Windsors, 300 Families who own 80% of the world.
nikawaki 3 months ago 18
@nikawaki You mean the $800 Billion they paid back and then Congress and the White house passed it out instead of paying down the $800 billion they borrowed?
ChulaKirby 2 months ago
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@ChulaKirby
Ron Paul 2012
esigus 2 months ago
@ChulaKirby You speak truth, but the numbers aren't right. It's more like $430B lent, then paid back. Fannie and Freedie are still on the hook though. We're still in the hole something like $20B Stateside
@nikawaki Debt caused this mess, not the banks that let us sign the loan docs! Politicians caused this by misusing, and overspending taxpayer monies. Not the banks that helped sell the bonds. If we as a populous didn't have so much debt to begin with, then he banks could gamble with it.
eline65 2 months ago
@eline65 Yeah but even though they paid the money back the politicians didn't pay back the taxpayers. They didn't back back the money they borrowed in our name but spent it and the OWS protest against the banks. This is so phony and manufactured it makes me sick.
ChulaKirby 2 months ago
@eline65 the banks are gambeling with money they just made up ! Fractional reserve banking. deposit 1000 and the bank can utilize 10000. 10 x the original deposit = money that does not even exist. How the hell can you say the banks are not to blame ???
nikawaki 2 months ago
@nikawaki That's not how fractiona reserve works. Again, the problem was the public and private sector use of debt. Grecian debt, Irish debt, Spanish, Now the Italian government, or most EU countries debt. US debt, home loans, Debt swaps, etc. If there wasn't so much dammed debt we wouldn't have this problem. That DEBT is the root of the problem. The politicians and the public gave them means to play with the monies.
eline65 2 months ago
@nikawaki The Bush's? They don't own banks. JP Morgan Chase? Isn't the CEO part of the arrogant one Obama's Cabinet. Isn't Goldman Sachs CEO also in the mix? Barney Frank of Fannie Mae, He's also in that lot of moonbats!
According to Barclays' financial results, the bank paid an "effective tax rate" on its gross profits - which comprises corporation tax paid in all parts of the globe - of 25% in 2010 and 23% in 2009.
eline65 2 months ago
@BuggiOlleo What is idiotic is your presumption that it is government that is greedy when that government is asking for a measely TWENTY FIVE CENTS FOR EVERY $1000 WORTH OF EACH FINANCIAL TRANSACTION.
What is imflammatory is that the banks are bitching about this and those of you who are defending the banks who are a part of the 99% should just slap yourselves over and over until you knock sense past your thick skulls.
captfoster1 3 months ago 2
Great stuff! Keep the momentum, spread the word!
xRamirox 3 months ago 3
@xRamirox Great job spreading class warfare! Oh yeah, please keep that going. More divisiveness and envy is just what people need to bring us all together!
eline65 2 months ago
lol the goverments leader would never let it happend. ten by leaders i mean banks.
darknight4409 3 months ago
People seem to forget that all transactions on financial markets get more expensive and markets will get a little less liquid. Consequence is that pensionfunds etc have to bear more cost to achieve the same, thus in the end the people will pay this tax, not the banks or bankers.
sybrendevries1 3 months ago 2
@sybrendevries1 And the endowments, and the scholarships, and charities. Love those well thought out taxes!
eline65 2 months ago
The real thieves don't rob banks, they run them.
jennydb91 3 months ago 2
people, there is one thing we have to bear in mind: this sort of Robin Hood Tax has to be introduced at a global level. RH Tax on the UK would put UK banks in a competitive disadvantage, and I believe UK government would not want it to happen. Would the USA introduce it? How about Japan, Hong Kong, France or the EU? Under today's insanely fierce competitions in financial industry, I suppose no 'fools' would impose the Robin Hood on its own for the sake of 'helping others'.
wangzongxiang123 3 months ago
@wangzongxiang123 The EU wants it to be introduced. In fact the 'robin hood' name is slightly misleading - it was proposed by Merkel and Sarkozy but opposed by the UK.
petreemanuel 3 months ago
i wonder what respond would swiss give out....
TheSkullies 3 months ago
I agree with taxing the banks but to only do it in one nation and not on all global trade is financial suicide. Do it everywhere or do it nowhere is the only way it could work. If the EU implement this then London will bear the vast majority of the brunt, thus we all suffer.
thatguywiththeegg 3 months ago 3
@thatguywiththeegg I agree, but I think that the idea of a financial transactions tax is a good one. As such, I think introducing it at the European level would be a tremendous place to start. If it stops people speculating, trading futures, derivatives, etc, as much as they had been (which seems to be the primary argument against the tax), then that's a plus, in my opinion. Less of any practice that contributed to the financial crisis.
ubernaffa 3 months ago
Yes - shame on England! For once why don't we do the right thing, however with Tories in charge we never will.
JollyGraham 4 months ago
And only England is against it in europe .... shame on you!
Hanneskitz 4 months ago
Read "The Banker Who Saved His Soul" - it'll open your eyes.
MetroActiveTV 4 months ago
I'm sure I saw this when it first came out. Still sounds like a good idea and I'm glad its still going around.. Don't know why it has to be as low as 0.05% though.
martinrosskerr 4 months ago
with the is public sector would not need to be cut at all hahaha. Cameron is a oligarchical idiot.
thegreathistorian7 4 months ago
fukk all central banks and bankers.
noelle2344 5 months ago
There are two types of bankers in this world.
This bank tax is designed to help rid the world of the one type of banker, to eliminate competition.
The bankers that will remain are the ones with the magic printing presses.
Viva one world government.......eliminating their competition.
TRUEITis 5 months ago
A tax on bankers means a bigger tax on YOU, they are not stupid. We need to get rid of them. Bitcoins shows us the way. HOLD YOUR OWN GOD DAM CURRENCY!
notice is said currency not money cuz paper and digits aint fucking money.
davincij15 5 months ago 2
:P
cherrakettto 5 months ago
Stream',.It,`'Now,'.
ＷＷＷ.ＭＯＶＩＥＴＩＭＥＯＮＬＩＮＥ.ＴＫ
Copy`."&,,"Paste".,
courageouspockeAy 6 months ago
Watch the Worlds Greatest Banker Scott Carver
RenegadeEconomist 6 months ago
he has THE best voice, love his voices in underworld series, and rango (the snake) just love watching films for his voice !
lmfaoatthat 6 months ago
why the fuck isnt this happening yet!
myloverisbillmurray 6 months ago 22
bill nighy is a quality actor!
MrWibeR 6 months ago 3
im up for it. but we would need very strict control over this. just look what american banks are doing robbing people of america, what imf and world bank are doing to whole world... this could be very abused by some people/banks!!!!
you should watch INSDIDE JOB movie/documentary.
B4audi 6 months ago 4
we are Anonymous find us @ whatis- theplan. org
MsSimpleJones 6 months ago
Check Out World's Best Banker Scott Carver !!!!!
RenegadeEconomist 7 months ago
Such a tax could even be Voluntary. If your bank is taking money out of the community and not putting any into the community, is it a very good bank worth keeping, or not?
Video is full of interesting potential for good ideas, whether you believe in mandatory taxation or not. It seems to be based on the idea that banks have all the money in the world... isn't that nearly the case?
keenefreelibrary 7 months ago
You gotta love Bill Nighy -- it's the law.
TheLogicJunkie 7 months ago 3
Very Good! However the banks would simply pass on the taxation to borrowers by raising their interest rates, meaning that unless the banks' interest rates were government controlled, the effect would be to shift the taxation from general income tax to those who constantly borrow ... still an improvement over the present system for the average working person.
1Luceo 7 months ago
some of you talk about annoying crap like the increase in unemployment in the financial sector and go too in depth about the economic effects. obviously these things are important but what about the millions of lives this idea could save!? dont treat economics like a religion ... remeber that there are people living in horrible conditions in his world. so if taxing the banks 0.05 % helps so much then im in!
malobi100 7 months ago 3
Banks worldwide seem to have no problem in receiving welfare from the taxpayer to bail them out, and this is a creative way for them to make amends. My only wonder is that when they arrange their gambling in such instruments as credit default swaps - then perhaps they should pay the same level as the honest Joe who bets on horses.
MrMoveoverrover 7 months ago
The big problem that has plagued the UK for the last 10 years is the massive influx of 'asylum seekers' who get given free housing, medical, food and education paid for by taxpayers, then 'disappear' into the woodwork where their cousins are already hiding, and end up running drug rings, prostitution scams, and send out their children to beg and steal from innocent people. That is the main issue David Cameron needs to tackle, and its why I don't live in my 'home' country anymore...
kramer26 7 months ago
@j68stone err, but this taxes the banks... who tax you.
kramer26 7 months ago
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reallovesearchers 7 months ago
i want to work in a bank.
how long do you have to go to college to be a bannker
GhostFromDa361 8 months ago
@GhostFromDa361 I'm not sure if Youtube is the best place to ask for career advice..
kwakedesigns 7 months ago
I'm ashamed to live in Denmark.
youScumfuck 8 months ago
I'm not going to spew rhetoric however I must make the point that there are 1 million 18 to 25 year olds unemployed at the moment in Britain. Can we really afford to make one financial decision that is likely to lead to any form of further unemployment? When you tax companies they lay off workers time and time again
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imliamroberts 8 months ago
@Amadeus5150 if I'm correct, that means they profited, after all their bills and workers were paid, between $7000-$10,000 every minute for three months straight. And their still getting a subsidized with the taxes we pay. And because of greed, they don't pay taxes on the ten billion they just profited. Now who do you think they're gonna share that with. Not you or me. Greed won't allow them to. We all need to wake up here.
mrmagoo662 8 months ago
I wouldn't boo you for that. But that same greed that enabled living standards to rise, only enabled them for the well off while the poor and destitute fall further behind. That same greed enabled the greedy bankers to lobby our government to make their own laws that only benefit them. Do you honestly think that kind of greed is going to give a damn about the poor. Why do you think gas is over $4/gal and the oil companies profited 10 billion in the first quarter. That over 10mil every day.
mrmagoo662 8 months ago
Why kiss banker ass by begging them to tax themselves? They tax you; you don't tax them. Take from them the power to create money and then you might be taken seriously. Until then, this is nothing more than laying down and begging for scraps. Doesn't sound too much like what Robin Hood would propose now does it?
VoteLib3rty 9 months ago
the only problem with robin hood tax, is that if it is implemented, we run the risk of loosing a large financial sector of our economy. This is as, with booming countries like China having very little to no taxing on banking industries, heavy taxes from a country like England will encourage the majority of the banking industry to transfer to countries like China, as business there will be significantly more profitable. If that happens, everyone would be at a loss.
AnotherWasteOfSpace 9 months ago
@AnotherWasteOfSpace Heavy taxes? Like a 0.05% tax?
testtubekitten 9 months ago
Even if it's just one half of one tenth of a percent, they would still say, that's too much, we can't afford to give up .005%. Greed is the monster that need to be fed constantly. Sucking up all the crumbs leaving the plate as clean as a whistle.
mrmagoo662 9 months ago 2
@mrmagoo662 I'm probably gonna get booed but, greed is a good monster. Greed or err, human desire to trade, has enabled living standards to rise dramatically in the past 100 years. The greed you speak of is only possible when these evil scary bankers are given the ability to abuse regulations and control government and operate in a not so competitive environment. And of course government monopoly over the money supply.
If your solution is to tax them, then I'm afraid they've already won.
Amadeus5150 8 months ago
Very good idea. But, I don't think money grubbing bankers would part with their money that easily. Since the filthy rich own everything now, they would just find a way to get out of it.
mrmagoo662 9 months ago
the best idea since the finance exists
jeanbedo 9 months ago
the shitty music in the end ruins it btw
n3wk4os 9 months ago
@n3wk4os whether or not its shite, its just not appropriate
londonthistle 9 months ago
So taking over £100bn from the banks isn't going to cause problems?
dontcallme02 9 months ago
Climate change? What freaking climate change???? These superficial videos - always one step forward and one back
Matthysable 10 months ago
A tax on banks would be an improvement but sorry, it is a pathetic move. I don't mean to demean the good intentions behind this but it is really glaring how meak and subordinated we have become. Don't we get it? This is OUR planet. We don't ask criminal psychopaths for our share, we take it.
MarioSavioTZM 10 months ago 2
Is that no dave fuckin jones -ah! I hated that voice in pirates man.
TheDazzadazza123 10 months ago