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Robin Hood resurrected

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Robin Hood resurrected

Post by Virago on Mon Oct 18, 2010 6:46 am

There is a growing movement in the UK. It would go a long way to solving the UK's financial problems if the UK government implement it.

Sounds difficult doesn't it.

BUT, its not, its simple

Firstly ask yourself what can you do with 0.05% of your income. I'm betting that there are not many multi millionaires here, so the answer is probably not much. The AVERAGE income in the UK is reported as being £24,000 so 0.05% = £1.20 so maybe you can buy a big mac with it once a year. Your not going to miss it, if you didn't have it.



OK so that established, what would you say if I said there was a way to raise £100,000,000,000.00 every year by taxing certain sectors a 0.05% tax .

Thats what the Robin Hood Tax is about.



This is the proposal.

A tiny tax on banks, hedge funds and other finance institutions that would raise billions to tackle poverty and climate change, at home and abroad. A tiny tax on the people that caused the economic difficulties in the first place and especially in the UK were bailed out by tax payers money to keep them afloat.

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Re: Robin Hood resurrected

Post by holycow on Mon Oct 18, 2010 11:56 am

Aaa Mez but to help ensure a posative and efficient implimentation of such a tax im sure my bank wold insist on a small administration charge of say....

... 0.06 % fighting 3

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Re: Robin Hood resurrected

Post by nick on Mon Oct 18, 2010 1:19 pm

I agree with mez, but I also agree with mark. Seems that the rich get richer and the poor get poorer
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Re: Robin Hood resurrected

Post by Virago on Mon Oct 18, 2010 2:59 pm

If you were living anywhere else in Europe you would already be paying fees on your bank account. and 0.06%? You are going to pay more than that when VAT raises to 20% on january 1st. Your state pension will be eroded by far more than that if we don't implement this. Not to mention that the majority of tax payers will not get a pay rise this year or next year but council tax will probably rise "in line with inflation" which effectively means that you will be paying more tax in ratio with your earnings.

If all of this is negated than paying 0.06% on certain transactions is a lot cheaper on your wallet than all of the other schemes the coalition government has implemented.

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Re: Robin Hood resurrected

Post by holycow on Tue Oct 19, 2010 4:13 am

Im agreeing with the principle Mez. Dont get me wrong.

Im just saying that all of the burden we be placed on the account . The banks themselves would ensure their profit margin was not eroded, and indeed would take it as an opertunity to increase their profits.
It would certainly proove my "shash the cash in the chiken coop" idea was right all along.


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Re: Robin Hood resurrected

Post by nick on Tue Oct 19, 2010 12:51 pm

now we know where mark keeps his cash Very Happy
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Re: Robin Hood resurrected

Post by holycow on Tue Oct 19, 2010 4:49 pm

..... but hey im ready to sign on the petition.



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Re: Robin Hood resurrected

Post by Virago on Wed Oct 20, 2010 1:36 am

I'm glad that you agree with it Mark. If its implemented wisely than many good things could happen.

The idea is to tax the transactions that do not involve the members of the public, only the large institutions.

Part of the campaign is to ensure that safe guards are implemented in legislation to prevent the banks making profit from it and to restrict the amount of costs back to the general public so that the brunt of the cost will be born by those who move these large sums of money around.

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Re: Robin Hood resurrected

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