PaRtZ Posted February 17, 2010 Report Share Posted February 17, 2010 OK bare with me here: Browsing facebook see this link. From what I can gather, the Robin Hood Tax is a tax system that is only implemented to banks. Now that the banks have been rescued by the general public's taxes they are considered to be stable and becoming wealthier and hence this tax is discussed. They are charged a fee per transaction that is not to the general public ie military. This percentage is 0.01% which is surprisingly a lot for a multi million pound transactions that occur between banks and businesses .. anyway.. This money is then given to poorer people to help them out It seems too good to be true? But surely this will have repercussions on the banks, giving worse interest rates on accounts, and higher loan interest rates etc... Someone want to fill in the blanks? Is this good or bad? Quote Link to comment Share on other sites More sharing options...
anzo Posted February 17, 2010 Report Share Posted February 17, 2010 I vote bad. Bankers have been recieving heavy bonuses for a LONG time. Investment bankers need to be paid a bonus to keep them within that company and more importantly, this country. The only reason its been mentioned lately is because of the recession; however some banks have survived the recession and so their bankers 'deserve' the bonus. Bankers risk the bank, its a lot of responsibilty and with responsibility comes reward. As regards the 'Robin Hood Tax' - utter bollocks I think. Why should companies be responisble for bailing out 'poor people' and how do we make sure its responsibily spent? As a country we're already in the shit, people are at risk of losing their homes - bigger interest rates will help no one, the biggest charity at the moment would be to lower interest rates to help out people in this country. It'll never happen in a million years; just seems to me like an obligatory charity that we end up paying for in the long run anyway. Money isn't free, even a small percentage like 0.01% is small when you think within the realms of our own finance, but for massive multimillion companies, 0.01% is redundancies and plant closures. Quote Link to comment Share on other sites More sharing options...
JT! Posted February 17, 2010 Report Share Posted February 17, 2010 But surely this will have repercussions on the banks, giving worse interest rates on accounts, and higher loan interest rates etc... That's how I feel. It's similar to the thread posted about footballers earnings. You can't just take money from the rich and give too the poor because they feel like they need to balance out the wealth. It's not that easy. Quote Link to comment Share on other sites More sharing options...
mr_malcolm Posted February 18, 2010 Report Share Posted February 18, 2010 From what i understand some of it will go towards charitys etc but it will also go towards the public sector to save cuts there. It also a way to reclaim some of the money used to bail out the banks therefor going back into our goverment/help clear some of our debts. It should also help prevent a tax hike that has been talked about and it could also stop them from raising VAT as this may be going upto 18.5% in the next few years and very possibly upto around 20% as the vat to cut they intorduced lost them a lot more money then they were expecting. Quote Link to comment Share on other sites More sharing options...
anzo Posted February 18, 2010 Report Share Posted February 18, 2010 Typical. You try and bring up a valid argument with these people and they go and f**king delete your post or resort to insult? One track mind and refuse any sort of conflicting argument, no matter how valid or reasonable. Quote Link to comment Share on other sites More sharing options...
mr_malcolm Posted February 18, 2010 Report Share Posted February 18, 2010 Typical. You try and bring up a valid argument with these people and they go and f**king delete your post or resort to insult? One track mind and refuse any sort of conflicting argument, no matter how valid or reasonable. ? Quote Link to comment Share on other sites More sharing options...
MadManMike Posted February 18, 2010 Report Share Posted February 18, 2010 Am I missing something here? Quote Link to comment Share on other sites More sharing options...
anzo Posted February 18, 2010 Report Share Posted February 18, 2010 ? Am I missing something here? Sorry, the Facebook group linked in the first post. Quote Link to comment Share on other sites More sharing options...
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