Image: jere-me under CC licenseWhat does everyone think about this Robin Hood tax. Call me a cynical sceptic, but if this tax is made law, I can expect just about every bank to find a loophole, transfer all their trading arms overseas and put two fingers up to their customers and the government.
Given their reluctance to forego their vast bonuses for a job incredibly badly done and not even turn a well coiffeured forelock at the thought, how likely is it that they're going to become saintly philanthropists overnight? Not a chance. It is not those filthy rich rats who will be paying this tax, it'll be you and me who are going to end up paying it via megahiked charges, that's who.
It works well in theory. Banks pay a 0.05% tax on all their business transactions so as to raise (by the latest calculations) over £100bn pounds annually to further finance the NHS, education, global warming initiatives, and overseas aid.
Oh I can definitely see that happening. Yeeeeeaaaaaaaaaaaaaaas.
The saving grace of the campaign, by my standards at least, is the casting of Bill Nighy as the banker in the campaign video. That at least takes my focus away from my lack of trust in the banking system for about three and a half minutes.