Sunday, November 8, 2009

Bank Transaction Tax

Gordon Brown has come up with a proposed tax for banking trade transactions that would be like an insurance for when they were to find themselves next in difficulty. It has to be a worldwide thing to work, and initially the signs are it has gone down like a lead balloon.

On the face of it it almost seems a good idea (from a government on it's way out at least). But it really is just another tax opportunity, the countless billions raised by government would not be held in reserved but squandered on the political whims of the day (ID cards anyone?).

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