Tax is always going to be a subject of contention....I do recognize that...so I shouldn't have been surprised yesterday when I got jumped on for mentioning the Robin Hood tax. European countries have agreed to pay a tax which we have not in this country.
I joined this group a couple of years ago when the full extent of the banking scandal became apparent....since then worse has followed...The libor fixing by several British banks was not just Illegal , it was also immoral..And you do start to wonder when and if they will ever learn....
Making banks pay a tax on transactions is not really a Robin Hood measure...for that the money would have to be spent on the poor, the homeless and the ill nourished...but as a start it at least ticks the box for making banks more aware of their responsibility towards the rest of us.
I am glad that some countries will allow this and hope this country may follow suit in time.
We all pay tax after all....it is the way a civilized society ensures care for those less fortunate than ourselves.
It seems only fair for the big banks to make their contribution.