robin hood tax

[morganist]

what do you guys think of the robin hood tax?

 

[Lethn]

Nothing will change as long as we have fiat currency and central banks.

 

[Scataphagos]

Quote from morganist:

what do you guys think of the robin hood tax?

We already have it in the US... Progressive Federal Income Tax... where 50% of citizens pay 0%... many who pay 0% even get sent a check each year.

 

[morganist]

Quote from Scataphagos:

We already have it in the US... Progressive Federal Income Tax... where 50% of citizens pay 0%

a robin hood tax is a financial institution tax not a personal tax.

 

[Scataphagos]

Quote from morganist:

a robin hood tax is a financial institution tax not a personal tax.

I like it equally well.

 

[Ivanovich]

Problem is, it's not really a Robin Hood tax. The Sheriff of Nottingham never gave to the poor.

 

[Kassz007]

Quote from morganist:

a robin hood tax is a financial institution tax not a personal tax.

Worst idea ever. All it does is increase moral hazard because the banks know they will be bailed out. It increases risk, not decreases. Canada is the only major country against this as far as I know. And because of this, the tax cannot be passed if all countries don't buy in.

 

[peilthetraveler]

Quote from morganist:

what do you guys think of the robin hood tax?

I dont know what that tax is, but I'm guessing if you are poor, you will like it. If you are rich, you will not like it.