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French Propose Financial Tax- Do you agree

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Post on TSR and win a prize! Find out more... 10-04-2014
  • View Poll Results: Should Cameron agree to the EU financial transaction tax
    Yes- the EU need to create more revenue and bankers already have enough
    13
    22.81%
    No- jobs would be devastated and all transaction would simply move outside the EU
    44
    77.19%

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    (Original post by patrickinator)
    NO absolutely not. The city provides over 250,000 jobs in London alone and over £70 billion in revenue to the government and is essentially the core of London's economy. This financial tax would essentially destroy it, Cameron knows it and I am certain he won't sign to it.

    In the bigger picture, we should leave the European Union, a bunch of lazy, corrupt Bureaucrats who are focused solely on their Euro dream who want to create stupid laws that all member states must follow.

    WHERE IS THE REFERENDUM DAVE?
    This sort of bigoted comment is the main reason I voted 'yes'. 250 000 jobs would not be 'essentially destroyed'. Furthermore, even though I don't know where your £70b figure comes from, that's barely twice what we need to service the interest on our debt. It's a pitifully insignificant figure... Socialisation across Europe is inevitable, and a common ideology across disparate nations will just pull us all towards an ideal--Britain is not doing nearly so well as the EU average on almost any statistic you would care to name.
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    (Original post by ApresAlkan)
    This sort of bigoted comment is the main reason I voted 'yes'. 250 000 jobs would not be 'essentially destroyed'. Furthermore, even though I don't know where your £70b figure comes from, that's barely twice what we need to service the interest on our debt. It's a pitifully insignificant figure... Socialisation across Europe is inevitable, and a common ideology across disparate nations will just pull us all towards an ideal--Britain is not doing nearly so well as the EU average on almost any statistic you would care to name.
    Bloody socialist.
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    (Original post by patrickinator)
    Bloody socialist.
    Bloody socialists, arguing rationally and caring about human wellbeing. They should all be shot.
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    (Original post by ApresAlkan)
    This sort of bigoted comment is the main reason I voted 'yes'. 250 000 jobs would not be 'essentially destroyed'. Furthermore, even though I don't know where your £70b figure comes from, that's barely twice what we need to service the interest on our debt. It's a pitifully insignificant figure... Socialisation across Europe is inevitable, and a common ideology across disparate nations will just pull us all towards an ideal--Britain is not doing nearly so well as the EU average on almost any statistic you would care to name.
    'bigoted comment' -Obstinately convinced of the superiority or correctness of one's own opinions and prejudiced against those who hold different opinions.

    My comment: NO absolutely not bigotted. The city provides over 250,000 jobs in London alone and over £70 billion in revenue for the country and is essentially the core of London's economy. This financial tax would essentially destroy it, Cameron knows it and I am certain he won't sign to it.

    In the bigger picture, we should leave the European Union, a bunch of lazy, corrupt Bureaucrats who are focused solely on their Euro dream who want to create stupid laws that all member states must follow.

    WHERE IS THE REFERENDUM DAVE?

    No this is not a bigoted comment, it is based on real fact: http://www.cityoflondon.gov.uk/Corpo...istics+FAQ.htm
    I actually underestimated how many are employed: it is actually more than 300000 just in the city of london.
    my comment bout revenue for the country is also an underestimate: http://en.wikipedia.org/wiki/Economy...United_Kingdom

    and on europe I think good old Nigel sums it up better than I can:
    http://www.youtube.com/watch?v=2gm9q8uabTs
    http://www.youtube.com/watch?v=bdob6QRLRJU

    the financial sector would be destroyed with the tax: listen to this: http://www.youtube.com/watch?v=HhyYX3SOjYY


    Oh, great, now socialists will try to take power once again and ruin the whole of europe like gordon brown. socialists are stupid. I thought maggy destroyed you lot, obviously not: http://www.youtube.com/watch?v=okHGCz6xxiw

    suck it, bitch.
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    (Original post by patrickinator)
    'bigoted comment' -Obstinately convinced of the superiority or correctness of one's own opinions and prejudiced against those who hold different opinions.

    My comment: NO absolutely not bigotted. The city provides over 250,000 jobs in London alone and over £70 billion in revenue for the country and is essentially the core of London's economy. This financial tax would essentially destroy it, Cameron knows it and I am certain he won't sign to it.


    The core of London's economy... The financial transactions tax would not destroy it. It might strike at it, but it wouldn't destroy it. Look at it, anyway; what does financial transaction actually do? It just makes individuals richer at the expense of the workers. The system means that that is maintained, and the FFT will mitigate this horror.

    In the bigger picture, we should leave the European Union, a bunch of lazy, corrupt Bureaucrats who are focused solely on their Euro dream who want to create stupid laws that all member states must follow.
    Why? Lazy corrupt bureaucrats? Euro dream? Stupid laws? Justify any of these, or all of them. I'll warrant that you can't.

    WHERE IS THE REFERENDUM DAVE?
    No this is not a bigoted comment, it is based on real fact: http://www.cityoflondon.gov.uk/Corpo...istics+FAQ.htm
    I actually underestimated how many are employed: it is actually more than 300000 just in the city of london.
    my comment bout revenue for the country is also an underestimate: http://en.wikipedia.org/wiki/Economy...United_Kingdom
    I really don't see how a referendum is necessary. There is not a problem enough for it. I've already waged combat against those points...

    and on europe I think good old Nigel sums it up better than I can:
    http://www.youtube.com/watch?v=2gm9q8uabTs
    http://www.youtube.com/watch?v=bdob6QRLRJU
    Nigel Farage is a buffoon. Do you want me to dissect his points and his propaganda?
    http://www.jcm.org.uk/blog/2009/05/u...eu-membership/

    That website is a good start.


    the financial sector would be destroyed with the tax: listen to this: http://www.youtube.com/watch?v=HhyYX3SOjYY
    Nigel Farage isn't strong. His points are foolish. Why do you even want the Financial sector?

    Oh, great, now socialists will try to take power once again and ruin the whole of europe like gordon brown. socialists are stupid. I thought maggy destroyed you lot, obviously not: http://www.youtube.com/watch?v=okHGCz6xxiw
    So, Socialists ruined Norway, Finland and Denmark, did they? Socialists ruined everything? What is stupid about that? Margaret Thatcher creates a straw man. She does not argue any point. She is foolish and does not understand social democracy.

    suck it, bitch.
    I'm sorry; not only were your arguments poor, but I am a male of species homo sapiens sapiens, not a female of species canis familiaris, and your desire for canine gratification I find at least disturbing.
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    I shudder to think as to how badly this unlawful racket will affect the economy.
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    (Original post by Ace123)
    Should Cameron fold and agree to implement the financial transaction tax that France is now pushing for even though it would have disastrous effects on our economy (notice the French havent suggested cutting the agriculture revenue they get!). I think it could work if imposed around the world but just at EU level surely everyone would just go to countries where there is no comparable tax e.g. US, China, Australia etc
    Not to sound like a lazy d!ck but an explanation of the tax would really be helpful in the op.
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    (Original post by James4d)
    Not to sound like a lazy d!ck but an explanation of the tax would really be helpful in the op.
    Essentially, there would be a very small tax (<0.01% or so I think) on each transaction the financial sector does. Due to the huge numbers of transactions the financial sector does in a year, it take about ~£20B from the financial sector, mostly from London.

    The idea would be to encourage less trades and so encourage investors to look for longer term investments and thus care more about the companies they're investing in. Which is an idea worth considering (could reduce other taxes to compensate), but not if the sole purpose is to take a large chunk of money from a non-euro country to pay for the failings of the euro.
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    (Original post by ApresAlkan)
    I really don't see how a referendum is necessary. There is not a problem enough for it. I've already waged combat against those points...
    .

    So what you are basically saying is that you would rather Democracy would be destroyed, people's power subdued, so that we can bow down to the European technocrats in Brussels, who make laws that no-one wants in this country, in pursuit of 'stability'. Well mate, just look at Europe now, crumbling. If will have to decide to become a superstate or break up, and by God I hope the UK is as far away from this when the break up occurs.
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    (Original post by ApresAlkan)
    Socialisation across Europe is inevitable, and a common ideology across disparate nations will just pull us all towards an ideal--
    Ok Mr Critical Thinking. Could we have some justification for this ridiculous assertion?
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    (Original post by patrickinator)
    So what you are basically saying is that you would rather Democracy would be destroyed, people's power subdued, so that we can bow down to the European technocrats in Brussels, who make laws that no-one wants in this country, in pursuit of 'stability'. Well mate, just look at Europe now, crumbling. If will have to decide to become a superstate or break up, and by God I hope the UK is as far away from this when the break up occurs.
    So what I am saying is that appealing to the politically illiterate to decide the fate of an industry which takes up much of our intelligentsia from research and useful careers to make money at the expense of society is not always--even ever--a good idea. Europe is not crumbling, but the EU may not survive. I, however, hope with all my being that it does survive.
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    (Original post by patrickinator)
    NO absolutely not. The city provides over 250,000 jobs in London alone and over £70 billion in revenue to the government and is essentially the core of London's economy. This financial tax would essentially destroy it, Cameron knows it and I am certain he won't sign to it.

    In the bigger picture, we should leave the European Union, a bunch of lazy, corrupt Bureaucrats who are focused solely on their Euro dream who want to create stupid laws that all member states must follow.

    WHERE IS THE REFERENDUM DAVE?

    The EU seem to turn everything they touch into ****.
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    (Original post by alexs22)
    Ok Mr Critical Thinking. Could we have some justification for this ridiculous assertion?
    Socialisation across Europe is inevitable,
    More is coming into State hands which ought to be there across the entire continent, such as raw materials and education, as everyone notices that equality and opportunities for all is better for everybody concerned.
    and a common ideology across disparate nations will just pull us all towards an ideal--
    Putting a centre-left overall control and interdependence of states from extremes say of the Ukraine (not yet EU) and Norway (the same), would lead to the greater systems of each influencing the other, and we can end up with Norwegian-style crime figures and strength of economy.
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    (Original post by ApresAlkan)
    So what I am saying is that appealing to the politically illiterate to decide the fate of an industry which takes up much of our intelligentsia from research and useful careers to make money at the expense of society is not always--even ever--a good idea. Europe is not crumbling, but the EU may not survive. I, however, hope with all my being that it does survive.
    To some up what you are saying, all those who are politically illiterate - i.e. anyone who hasn't studied politics or who isn't involved in politics shouldn't have any say in politics. So you want some posh, out of touch millionaires to make decisions on behalf of a country they don't represent.
    'europe is not crumbling' - uh yes it is! What planet do you live on? Greece is essentially a failed state with no prosperous future possible within the next few decades and spain, portugal and italy are not far behind.
    'the fate of an industry' - are you talking about the city of london or the industry of the european industry - all those slimy bureaucrats.
    You either brainwashed, or lack the mental capacity to imagine that the EU is an undemocratic and unrepresentative money sucking organisation.

    I hope with all my being the EU doesn't survive and the UK gets out of it as soon as possible!
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    (Original post by patrickinator)
    To some up what you are saying, all those who are politically illiterate - i.e. anyone who hasn't studied politics or who isn't involved in politics shouldn't have any say in politics. So you want some posh, out of touch millionaires to make decisions on behalf of a country they don't represent.
    'europe is not crumbling' - uh yes it is! What planet do you live on? Greece is essentially a failed state with no prosperous future possible within the next few decades and spain, portugal and italy are not far behind.
    'the fate of an industry' - are you talking about the city of london or the industry of the european industry - all those slimy bureaucrats.
    You either brainwashed, or lack the mental capacity to imagine that the EU is an undemocratic and unrepresentative money sucking organisation.

    I hope with all my being the EU doesn't survive and the UK gets out of it as soon as possible!
    No, but events like this can be easily manipulated by propaganda, and it becomes an emotive issue; especially with the lack of regulation on what gibberish UKIP comes out with. Europe is not crumbling. Greece's economy isn't doing greatly, but it will recover. Spain, Italy and Portugal have regained their footing. I was talking about London financial sector, as opposed to the 'slimy bureaucrats' your propaganda-addled brain sees when it looks at successful foreign people.

    I am afraid that the EU is a good thing, and what you state is gibberish.
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    I can't believe there are people who are in favour of this tax especially from one scumbag frog leg eater from a 3rd rate country.

    Whatever happened to NO taxation without representation? Last I checked I never cast a vote for any of those Europrats.
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    (Original post by ApresAlkan)
    No, but events like this can be easily manipulated by propaganda, and it becomes an emotive issue; especially with the lack of regulation on what gibberish UKIP comes out with. Europe is not crumbling. Greece's economy isn't doing greatly, but it will recover. Spain, Italy and Portugal have regained their footing. I was talking about London financial sector, as opposed to the 'slimy bureaucrats' your propaganda-addled brain sees when it looks at successful foreign people.

    I am afraid that the EU is a good thing, and what you state is gibberish.
    Deluded much? The Greek economy has been in recession for almost five years, Italy has averaged barely over 1% annual growth for the last two decades, Spain has a 24% unemployment rate and Portugal has by far the lowest GDP per capita in Western Europe and is known as the 'sick man of Europe'.
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    (Original post by pol pot noodles)
    Deluded much? The Greek economy has been in recession for almost five years, Italy has averaged barely over 1% annual growth for the last two decades, Spain has a 24% unemployment rate and Portugal has by far the lowest GDP per capita in Western Europe and is known as the 'sick man of Europe'.
    Your figures are correct, but they are recovering and shall complete it.
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    **** their going to tax us, best leave one of the richest markets and one of the most highly qualified workforces in the world. Or we could just carry on tax evading like we always do.
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    (Original post by ApresAlkan)
    More is coming into State hands which ought to be there across the entire continent, such as raw materials and education, as everyone notices that equality and opportunities for all is better for everybody concerned.
    Wrong, in fact if you compare us to 1970, we've moved strongly to the right, and rightly so as people realise that penalising hard work discourages it.

    Putting a centre-left overall control and interdependence of states from extremes say of the Ukraine (not yet EU) and Norway (the same), would lead to the greater systems of each influencing the other, and we can end up with Norwegian-style crime figures and strength of economy.
    Yeah, we might want to find a huge quantity of oil first. Like 100 times larger than Norway (since EU's population is 100 times that of Norway's)

    Thank god there are so many other countries in the world. If the socialists have their way here, the highly skilled and productive can just leave.

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