There should be a website that details – and tears apart – the seemingly endless number of Facebook groups that are set up by people with a slender grip of reality. Another day brings another unthinking left-wing Facebook associate joining
another idiotic group:
Robin Hood Tax is a tiny tax on bankers that would raise billions to tackle poverty and climate change, at home and abroad.
If governments took a tiny tax of 0.05% from international bankers’ transactions, it could generate hundreds of billions of pounds every year – that could stop cuts in crucial public services at home in UK, and help fight global poverty and climate change.
This is so irritating in so many ways that it really is a case of some many gripes, so little time. So I’ll focus instead on my biggest issue with this craptastic idea. It isn’t so much the damage this might do to an already struggling banking sector, nor the naïveté involved in the idea that the whole world could agree on one particular point of economic policy, when they cannot even agree on what the best basis of an economy should be. It isn’t even the ongoing stigmatisation of the banking world, despite the reality that others – such as governments and consumers – also played a crucial part in the down-turn we’re just coming out of.
No. What really fucks me off is this naïve assumption that government knows best. That if you give money to government you are automatically doing a good thing. That is, of course, total shite. Don’t believe me? Well, let’s take a look at what the British government spends its money on. War and (generally poor, not fit for purpose) weapons. More CCTV cameras, more invasions into the privacy of the people. And – best of all for these banking haters – buying large stakes in failing/failed banks. Yeah, let’s give the governments
more money. Because they don’t waste it now, do they?
And this notion that the money will be used to stop crucial cuts in public spending at home in the UK – bollocks. If the government gets around to making cuts in public services, then than can do so by cutting out some of the waste within the public sector.
The Robin Hood Tax is perfect propaganda for the government. It subtly yet effectively reinforces the idea that the government is a benign entity that will do more and more good the more money we all give to it. Unfortunately, the government is not benign. It is both wasteful and, on occasion, extremely malignant. Licensing the government to take more money from the private sector is like giving a gambling addict 200 quid and pushing him into Ladbrokes. It is stupid, it is dumb and it is irresponsible.
The Robin Hood Tax – stealing from the rich to give to the incompetent. Unfortunately, the ineptitude of the government ensures any money they take from banks
will not reach the poor.
Labels: Banks, Facebook, Spending, Taxes, Witless Morons