The Banker

[Pete]

The Banker

So a tax on bankers' non-public transactions of 0.05% would raise more than £100billion a year?

This world's gone mad. 

[therealjr]

Pete: question.
If I told you that if you stayed in the house you currently live in you'd have to pay an extra £1k a month council tax but if you moved into Hasland you wouldn't have to pay it what would you do?

[Pete]

Why do I feel I'm being set up?

At £1,000 per month I couldn't afford it.

[therealjr]

No you're not being set up (well maybe a bit). If you tell the banks that the cost of doing business in London is an extra £100 billion above and beyond what they are currently avoiding err sorry paying, paying of course, and that extra cost won't exist if they work out of Paris Bonn Dubai or even Mumbai what are they going to do? Either move physically or on paper. Suddenly we have less rather than more money in the economy. Fact is this tax is a fantastic idea in principle and gives the Tory bashers a lot of mileage but it won't work in practice.

[Pete]

But what if other countries did it too...

Future News featuring Andrew Lincoln, Bill Nighy, Clémence Poésy, Heike Makatsch and Javier Cámara

[therealjr]

You will always find an emerging country willing to play ball or somewhere like Lichtenstein willing to be a shell.

[Pete]

So you're saying these bent b*stards can do what they like and have no accountability?

[therealjr]

100%
Remember it only took the activity of one guy (George Soros) to cause Black Wednesday.