Nigel Farage: EU Financial Transactions Tax is Kamikaze Economics
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@independence4wales Continuing from the last comment I think I've pretty much lost faith in paper currency now. I'm going to turn most of my monetary wealth into stocks and silver.
It's certainly safer than where the pound is heading.
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@independence4wales At the end of the day thats it I suppose... An idea sounds good and the people support it but it is corrupted to benefit the few. Communism is perfect in theory... but it cannot work because people are corrupt. Animal farm is a perfect example of this. This is why I'm libertarian: The government has too much control. If they left the economy alone inflation would be low and people would be better off spend more e.t.c. but no, Big banks win. As always...
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@iownall12able Cool, I'm glad we agree.
Irrelavant? Au contraire. Just like the transactions tax is way for me and you to bail out governments and banks so is the 50bill. If you ever needed evidence that the BOE's top priority is to look after the big banks then this is it. Screw the pensioners, screw people who have saved, the BOE is on a mission to devalue debt & peoples purchasing power.
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@independence4wales Wait... so you disagree with the Financial transactions tax? In that case we are in agreement... :S
Sadly banks do pass the cost onto the customer... At the moment I'm more concerned about the £50bil that was just printed... (irrelevant but still...)
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@iownall12able lets get back to basics, the customers of the bank pay the taxes, not the bank, and that means you and me will be paying. The only money a bank has is from it's customers, you agree?
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@independence4wales Yes banks are a problem, and the way they work is going to wherever charges them less... they cause trouble but are also a MAJOR source on income for the UK but they must be held accountable. If we introduce this tax and say Switzerland doesn't banks will just move their HQ their to save money drawing money away from the UK. The Idea is good but we cannot have just the EU having it it MUST be global in order to work.
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@iownall12able please, think about what you are saying instead of repeating what the banks tell you. You sound like you have fallen in love with your captors.
Some questions. How did the banks get so big? Do you agree that massive banks are a problem? Do you think the answer is to make them bigger?
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@independence4wales But again ONLY if ALL countries accept it, which, I doubt will happen.
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@independence4wales It would cover the banking system from another crisis, preventing the tax payer from being required to bail them out WHICH, makes people MUCH poorer... Remember 2008?
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@NietzscheanMan do governments pay interest to their central banks?
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Fortune favors the brave.
empyah 1 year ago 27
@GermanInvestor Everything through money lending and helping to finance everything you see around you, basicly. Don't blame the banks for the trouble they appear to cause, blame socialist interventionism that keeps the bad ones afloat and makes the good ones pay for it
NietzscheanMan 1 year ago 17