"It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong." Richard P. Feynman
Wednesday, December 7, 2011
Coming Soon - The Robbing Hood Tax!
It is not surprising that when a gaggle of government-funded lefties get together they would consider the solution to any problem facing them would be a new tax - just a tiny tax that would raise hundreds of billions of dollars and no one would notice. This brilliant idea is gaining traction amongst the mentally challenged chatterati who don't understand that there is no free lunch - you can't get something for nothing and in the end every depositor,super fund and bank user will pay for this. Of course we will need a complete new bureaucracy to supervise this and bank compliance costs will go up. A tax on financial transactions is iniquitous and non-productive . Of course the whole problem is exacerbated by the proposal to give these funds to a Green Climate Fund and we know how wise and careful they will be with these funds. The whole idea is so stupid the EU at least will probably adopt it!