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I have hear today that they are pressing for a hefty "Robin Hood Tax" (quote) on the banks. The figures, depending on which source you listen to, is between £30Bn and £40Bn!
DUUUUURR!!!
These people are so commercially unaware!
I'm convinced that their mission is to destroy the country.
I find it highly amusing that Ed. Milliband only won the leadership contest because he's the darling of the paymasters of the Labour party - the unions.
If you saw Dispatches on Ch4 tonight, you would have got a flavour of how they support their loyal female members.
Socialist ideology has some merits, but in the real world it can never ever work.
It just amazes me how people think it might!
Could be amusing to see the Government tax RBS profits given that it owns 80% of RBS anyway 😀
You're confusing the Unions with the European Union - or is it the ConDems?
I'm sure Cameron is planning a tax on his mates in the banks.
Hard to see how a 0.5% tax on certain transactions will damage the industry......
The Robin Hood Tax is 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.It can start as low as 0.005 per cent – and average 0.05 per cent . But when levied on the billions of pounds sloshing round the global finance system every day through transactions such as foreign exchange, derivatives trading and share deals, it can raise hundreds of billions of pounds every year.
Idiot Unions! I have hear today that they are pressing for a hefty "Robin Hood Tax" (quote) on the banks.
Gosh, that's very worrying Spongebob .......... do you know whether the Con-Lib government has agreed yet ?
a 0.5% tax on the capital value of a trade will put a halt to massive volumes of trades that make marginal returns. if the 0.5% was applied to capital gains on trades then no problem. But they're not the same thing.
This then opens the question about the "social function" of fast paced marginal trades since they dont actually provide the hedging or liquidity function that capitalists like me consider as being the most important part of financial market activity. They are simply short term gamble trades and Id be happy for them to be made substantially less viable by a tax.
Unions could have a constructive place to play in modern UK workplaces and politics, but they are partly stuck in the past and partly out for all they can get for themselves like the bankers. Thatcher should have crushed them a bit harder ;-), or the could modernise properly
I'm convinced that their mission is to destroy the country.
Yeah, but let's be honest; you're hardly rational, objective and particularly well informed when it comes to this sort of thing, are you? I'm only going by your previous track record btw.
I dare say the likes of TJ and Ernie will be along to enlighten you shortly.
In the meantime, how about some nice music?
EDIT Oh there's Ernie. I din't see he'd arrived, as I was busy choosing some nice music.
More like idiot Spongebob - sounds as though you're the one who needs educating..........'destroy the country'(who's country?) - discuss ; 'socialist ideology has some merits but in the real world it can never ever work' - which socialist ideology ('oh, they're all the same') and how well does capitalism work for 90% of the real world population?
Be specific, avoid stereotypes, and think out of the box (or perhaps cage in your case).
I'm convinced that their mission is to destroy the country.
Sorry are you talking about the banks?
Can and worms comes to mind! Or general flame in the direction of the op?
Al Quaeda?
none of you lot give a **** about people
I do Kev. 🙁
none of you lot give a **** about me.
Too f##king right ................ the Tories are back in.
It's dog eat dog now mate.
yeh, I know you do mate, some lovely people on here, some boring shite mind.
Boring, from the horses mouth.....
What music did you choose elfin? Linky not working on I phone (capitalist piece of technology)? Was it something mellow?
Shall we have some music instead of all this boring politics shite?
[url=
it was Henry Purcell's 'Funeral March for Queen Mary' actually, as used in 'A Clockwork Orange'.[/url]
Twice now elfin! Capitalist I phone wants me to pay to listen via I tunes obviously!
Ah, in't it because iPhone don't do Flash? In't there a YouTube app?
capitalist piece of technology to be sure
well considering the bank collapse wiped how many billions off the value of all our pensions among other things
it would be nice of them to try and contribute toward cleaning up their mess
No you have to do it like this now Kev innit?
You do need skilz dem though.
You guys are spoiling Spongebob's thread..............bugger off and start your own thread if you want to listen to your poncy music 👿
The geezer's trying to have a rant about the unions.
......what are going to destroy our country.
Flash-Saviour Of The Universe.
Nice, see what you did there. 😆
I've found some YouTube vids'll play, others won't; not sure why, I guess not everythings been coded for H.265 yet.
ernie, what would you be doing without the internet? just asking. I'd be going to sleep with a nice dog.
yes by cunningly electing the leader of the opposition ..It is a genius plan and as well thought out as the OP's post
Dont know how to do that you tube thing can you post up Paranoid ?
I agree it is outrageous to make the people who got us in this sh1t, who we baled out with our money, actually contribute to the sh1t we are in. Surely the only sensible approach to this is to encourage them to lend and cut public services.
kimbers - Member
well considering the bank collapse wiped how many billions off the value of all our pensions among other thingsit would be nice of them to try and contribute toward cleaning up their mess
The best way of doing that would be to allow them to get on and generate the sort of profits they were generating before? The share price would rise (good for the pension schemes) and the government would get even more money back off them (over and above the £30Bn they are going to get for not [i]actually[/i] handing over any of the tax-payers money).
Junkyard - Member
who we baled out with our money,
How much of [i]our[/i] money was used? Who got it? Where did it go?
The best way of doing that would be to allow them to get on and generate the sort of profits they were generating before?
I agree, but with the proviso that they are on a very tight leash this time.
So - we can agree that the FSA is one QUANGO which has to stay 🙂
You guys are spoiling Spongebob's thread
Yes but it's boring. It's the same shite every flipping day. Right-wingers having a pop at Unions/Lefites/Socialism etc, and the Lefties responding by having a pop at Capitalism/Greed/Selfishness/Thatcherism etc. I mean, come on, anyone with any sense ultimately knows the best solution is [b]Elfinism[/b], so I don't know why you all bother with the same old tired arguments. I mean, there are people on this thread who never appear on any thread unless it's got something to do with politics or the economy. Then it just descends into 'I'm cleverer than you ' bollocks. Which isn't really very clever, is it? Let's be honest.
There's a whole wonderful world of music, art and fun stuff out there, and you sit there arguing about faecal policies or the need for Anal Retention or some such rubbish. Jeeze.
See me in me pants n' ting...
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How much of our money was used? LOTS *
Who got it? BANKS
Where did it go? BANKS
*The commitments include buying £76bn of shares in Royal Bank of Scotland and the Lloyds Banking Group; indemnifying the Bank of England against losses incurred in providing more than £200bn of liquidity support; guaranteeing up to £250bn of wholesale borrowing by banks to strengthen liquidity; providing £40bn of loans and other funding to Bradford & Bingley and the Financial Services Compensation Scheme; and insurance cover of over £280bn for bank assets.
there are people on this thread who never appear on any thread unless it's got something to do with politics or the economy. Then it just descends into 'I'm cleverer than you ' bollocks. Which isn't really very clever, is it? Let's be honest.
Pleads guilty and awaits the justice of Elfinism
the dog's tagen over
Junkyard - Member
Which is estimated to make around £30Bn profit for HMG.*The commitments include buying £76bn of shares in Royal Bank of Scotland and the Lloyds Banking Group;
indemnifying the Bank of England against losses incurred in providing more than £200bn of liquidity support; guaranteeing up to £250bn of wholesale borrowing by banks to strengthen liquidity; providing £40bn of loans and other funding to Bradford and Bingley and the Financial Services Compensation Scheme; and insurance cover of over £280bn for bank assets.
Read what you wrote. How much money did the Government [i]actually[/i] outlay??
Oooh, I love a good music thread:
That Toni Basil's let herself go hasn't she?
idiot unions...
Unions could have a constructive place to play in modern UK workplaces and politics, but they are partly stuck in the past
I think it's certain people's thinking who are stuck in the past when it comes to unions. The light touch regulated financial sector has just recently(but some have conveniently forgotten) brought this country to it's knee's in a way that unions could never ever hope to achieve.
Perhaps it's time for some union style laws to be brought in to keep the financial sector in check? It worked against the unions after all.
Then it just descends into 'I'm cleverer than you ' bollocks. Which isn't really very clever, is it?
yes it is, because we are. Now take your mockney somewhere else. 😉
No it's not because you're not.
'Mockney'? 🙄
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Can I just ask if the Unions will use death rays or star charms to destroy the country?
more likely an air [I]strike[/i]
Ha! Good one!
Jesus Christ! Why have you drugged their unions!? (sorry that should be onions)
For me the tobin trax is a good idae ass stonder says.
Its about making mariginal trades that do nothing but gerente commisions unprofitable adn to reduce currency speculations.
Its such a low level that it will do nothing to alter the basic structure and functions of the backs but will stop manipulation of the markets to generate commisions.
http://lexicon.ft.com/term.asp?t=Tobin-tax
altho Tobiun himself recanted its an idea that is considered useful by many - on the left and the right.