Jump to content
House Price Crash Forum
Sign in to follow this  
Bloo Loo

The People Have No Idea

Recommended Posts

http://robinhoodtax.org.uk/

just received this.

parrently, if they taxed banks...not you and I of course, the worlds problems would be solved.

a small tax on every transaction...not on you and I you understand.

Share this post


Link to post
Share on other sites

http://robinhoodtax.org.uk/

just received this.

parrently, if they taxed banks...not you and I of course, the worlds problems would be solved.

a small tax on every transaction...not on you and I you understand.

Nationalise money creation, guarnantee only deposits held in one national savings bank, no regulation at all of remaining banks but 100% risk held by investors = no problems.

Share this post


Link to post
Share on other sites

you gotta be pretty dumb to campaign for a new tax

campaign to repeal taxes i agree with but this? and to pay for the climate change lie?

it is sad , banks would make the money back elsewhere costing the customer

Share this post


Link to post
Share on other sites

Nationalise money creation, guarnantee only deposits held in one national savings bank, no regulation at all of remaining banks but 100% risk held by investors = no problems.

....depositors....and investors.... :rolleyes:

Share this post


Link to post
Share on other sites

you gotta be pretty dumb to campaign for a new tax

campaign to repeal taxes i agree with but this? and to pay for the climate change lie?

it is sad , banks would make the money back elsewhere costing the customer

Isnt the short answer (as suggested by the libdems and UKIP) to seperate retail and investment banking?

Stop subsidising risk through deposit protection and the inevitable bailouts it entails.

Share this post


Link to post
Share on other sites

you gotta be pretty dumb to campaign for a new tax

campaign to repeal taxes i agree with but this? and to pay for the climate change lie?

it is sad , banks would make the money back elsewhere costing the customer

Yeah, lets have lower taxes and less regulation. Look at wot the unregulated, low tax big society free market has given us for the past 30 years innit?

Share this post


Link to post
Share on other sites

Isnt the short answer (as suggested by the libdems and UKIP) to seperate retail and investment banking?

Stop subsidising risk through deposit protection and the inevitable bailouts it entails.

Yup, pretty much - narrow banking, as was argued for before even the great depression, IIRC. The bankers didn't want it then (surprise!) and they don't want it now either (again, surprise!). LPB is a more complete narrow banking model though, IMO.

BTW, I don't think that the Lib Dems were proposing to stop FRB on deposit accounts, nor were they proposing to remove deposit insurance. Their idea just hopes that it would be less risky if only high street borrowing was undertaken. Many have said this is flawed though, as there is always risk of bank failure, even on the high street (especially when it is cheaper to save the bank, than honour the deposit insurance + let the bank fail - it's an incentive for banks to gamble).

Share this post


Link to post
Share on other sites

Yeah, lets have lower taxes and less regulation. Look at wot the unregulated, low tax big society free market has given us for the past 30 years innit?

As opposed to what the high tax, high regulation system has given Italy/Spain/Portugal/Greece over the last 30 years (and for that matter us over the last 13).

Share this post


Link to post
Share on other sites

As opposed to what the high tax, high regulation system has given Italy/Spain/Portugal/Greece over the last 30 years (and for that matter us over the last 13).

With the caveat that nobody a ) paid the high taxes; b ) took the blindest bit of notice of the high regulation system.

Share this post


Link to post
Share on other sites

With the caveat that nobody a ) paid the high taxes; b ) took the blindest bit of notice of the high regulation system.

Except in this country.

Share this post


Link to post
Share on other sites

nonsense. That link is a list of all the externalities ignored by markets, GDP measures etc.

The list is a reason for the tax, not against it, IMO.

Still, each to their own.

so they can waste it on turning eveyone into a benefit recipient.

I say, give the man a well, he can dig it and use it... we dont need to dig it and deliver water to him..

Share this post


Link to post
Share on other sites

http://robinhoodtax.org.uk/

just received this.

parrently, if they taxed banks...not you and I of course, the worlds problems would be solved.

a small tax on every transaction...not on you and I you understand.

Can't get my head around why we really need banks at all...slowly over time they have between them seen to it that we have become over reliant on them......I will lend you a couple of grand at 6% over two years, pay me cash each month via royal registered mail.....because you are worth it, and I trust you. ;)

Share this post


Link to post
Share on other sites

A tax on every transaction to create yet more tax so that the likes of the Last Leader can give huge sums of money to his own preferred projects all around the world so that he can rule the world and bang on and lecture people all the time about global this and global that while at the same time happily exporting jobs.

Would it be ring fenced so that the extra tax wouldn't end up just being paid out in MPs wages and expenses, bankers bonuses, bailing out the bankers, more bankers bonuses, more MPs wages and expenses, bailing out other reckless governments like the PIIGS and a few others and always using tax money relentlessly trying to prop up house prices - and so on.

Edited by billybong

Share this post


Link to post
Share on other sites

Can't get my head around why we really need banks at all...slowly over time they have between them seen to it that we have become over reliant on them......I will lend you a couple of grand at 6% over two years, pay me cash each month via royal registered mail.....because you are worth it, and I trust you. wink.gif

"It's the right thing to do." ph34r.gif

Share this post


Link to post
Share on other sites

Oh dear. Heaven help us all.

The only bank tax that I'm in favour of is a tax on derivative transactions. Everything else is just going to be passed on to the customer. In fact, I'd be happy of we just closed all commercial banks tomorrow and accessed our money directly from the BOE via the Post Office.

And the very last thing we need is a global tax going to some fairy fairy land UN diktat.

Share this post


Link to post
Share on other sites

Isn't this just a version of the Tobin Tax idea?

I remember Soros laughing at Caroline Lucas at a lecture back in 2001 about an idea she espoused along the same lines as this Robin Hood tax. He said that speculators and investors would just find a way around it, and that it was a waste of time.

That said, recently, Soros has just come out in favour of a measure like this, so I imagine he has found a way to circumvent it and thinks such a tax will be a good idea from a financier/banker/speculator PR viewpoint.

Share this post


Link to post
Share on other sites

I've got an idea - let's call it the 'Sheriff of Nottingham Tax' - every time someone buys something in the shops a few percent of the purchase price goes to me. Hell, we could even start lending people the money for their purchase at very high interest rates.

That'll never work, though, people are not that stupid.

In all seriousness, surely the point of this tax is to tax speculation over investment. i.e. if I am going to day trade on the FTSE it will kill me, but buy and hold will be fine.

Edited by CasualBear

Share this post


Link to post
Share on other sites

I've got an idea - let's call it the 'Sheriff of Nottingham Tax' - every time someone buys something in the shops a few percent of the purchase price goes to me. Hell, we could even start lending people the money for their purchase at very high interest rates.

That'll never work, though, people are not that stupid.

In all seriousness, surely the point of this tax is to tax speculation over investment. i.e. if I am going to day trade on the FTSE it will kill me, but buy and hold will be fine.

It's not the day traders who have caused this problem though, it's the unregulated casino derivatives market. They should levy a 1% tax on all outstanding unregulated derivative products...and apply it against government deficits. It would raise a few trillion dollars per year, or completely stop the credit default market.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.