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> The European Commission, the EU’s executive arm, first proposed the tax in 2011 to make sure the industry paid its fair share after the costs borne by taxpaye
by conistonwater 10y ago
> The European Commission, the EU’s executive arm, first proposed the tax in 2011 to make sure the industry paid its fair share after the costs borne by taxpayers during the financial crisis.
This sentence in the article makes it sound like they are not specifically going after the causes of the Great Recession, but the finance industry in general, but I'm not sure. In any case, it doesn't seem to be aimed at mortgages at all. Maybe reducing the amount of trading and finance is the point?
- petre 10y agoThey are going for everything and everyone. The hunt for taxes has begun. Of course it's all being trumpeted as "tax the rich" now, but they will come for you, eventually. In fact they already do with negative interest rates, which are essentialy a tax on money. As the parent points out, capital will just move elsewhere.
- glasz 10y agodon't know why this is downvoted. guess the average 20-sth hn reader hasn't seen the sun yet. i still remember how we've been brainwashed about the greatness of it all in school. wake the fuck up, look around you. learn history, look up precedence. my goodness. any uncommon critique is being downvoted by some stupid pseudo-academic click monkey and their entitlement to whitewash history.
- saiya-jin 10y agowhy the downvotes? this is exactly happening, at least in EU (taxes on anything considered wealth - cars, properties etc. have you ever heard of any tax rate going down or be abolished, for example property inheritance tax? up to 50% in France for example) and to some extent to US (ie FATCA double taxation for US expats that don't live in US for years but still hold the passport)