Author Topic: Is the proposed "Robin Hood Tax" a good idea?  (Read 1515 times)

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Offline baldy

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Is the proposed "Robin Hood Tax" a good idea?
« on: February 13, 2010, 10:09:28 AM »
http://robinhoodtax.org.uk/
 
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Offline Mike Hawkins

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Re: Is the proposed "Robin Hood Tax" a good idea?
« Reply #1 on: February 13, 2010, 11:37:44 AM »
I have just one concern with this:

The UK banks have made their money from us (not only in charges, but the fact that the UK citizens are subsidising them on an annual basis and with "bail out" money. However, when the interviewer talks about collecting a tax from the banks, he refers to the difference this extra money collected would make to: Third World countries, Climate Change funding, and , as a by, health improvement in this country.

By all means tax the banks but use the money to reduce the ordinary persons tax bill, and improve (i.e. real improvements) to the services for UK residents. Personally I have had enough of my money being spent abroad and on climate change!
« Last Edit: February 13, 2010, 14:23:12 PM by Mike Hawkins »
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Offline Mike Hawkins

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Re: Is the proposed "Robin Hood Tax" a good idea?
« Reply #2 on: February 13, 2010, 14:22:27 PM »
One further point I would make:

The banks are a law unto themselves and in order to protect their profits, they will merely raise interest charges to their customers, lower interest paid to their customers and raise bank charges. In other words the taxpayer will be paying this tax - they will be merely passing the revenues on to the Exchequer!
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