| Topic: | Re:Re:Re:Re:Re:Three cheers for those 'magnificent' students......... | |
| Posted by: | Paul Corcoran | |
| Date/Time: | 14/11/10 08:56:00 |
| The Robin Hood Tax is a daft and dangerous idea put forward by people with no understanding of financial markets. Even a tiny percentage tax on transactions would represent a significant cost given the volume on the market. A large part of the financial services industry is footloose and there would be a signicant number of functions that would move away from the City of London leading to job losses in our most successful industry. The economic problems we have will not be solved by more tax, in fact the main problem is that we already take too much from the wealth generating sectors of the economy. If you want to get revenue to stop students having to ultimately contribute to the cost of their own education look first at the bloated payroll of public sector administration and the legion of consultants they employ. |