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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!
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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.
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@VanRomPuyArse You moron! Can't you see he's acting?! the truth is he thinks completely the opposite!
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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.
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This is good! Oscar winning!
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@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.
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@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!
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
Hard to tell if he's gonna make a good Smaug or not
ARandomCanadian 1 year ago 7