EU hijacks the "Robin Hood" name, applies it to a tax

[Little-Acorn]

Apparently the liberals in the European Unions didn't do too well in their English Literature class, if they ever took one.

They're talking about creating yet another tax (that's not the surprise), to divert part of every financial transaction into government coffers.

The weird part is, they're apparently calling it the "Robin Hood" levy.

They got it backward, of course. Robin Hood was a literary character who took money from the government tax collectors and treasury agents, and gave it back to the people it had been taken from as taxes.

Not the other way around, as these EU functional illiterates are doing. Robin Hood was, in fact, a conservative. These EU tax-and-spenders are anything but.

Perhaps if they called it the Sheriff of Nottingham tax, it would clear up the confusion. Or, in consideration of their bumbling ineptness, the "Sir Guy of Gisborne" levy. At least it would be more accurate, as English literature goes.

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Europe debate over ?Robin Hood? levy is taxing reality - FT.com

Europe debate over ‘Robin Hood’ levy is taxing reality

By Alex Barker in Brussels

If political hype could be taxed, then the fuss over the EU’s planned financial transaction tax might generate enough cash to settle the bloc’s debt crisis.

The proposed levy on trading in stocks, bonds and derivatives has been billed as the fiscal reckoning for the financial sector’s sins. For three years, it has been snarled in EU wrangling that has taken on a life of its own. More than just a simple tax, the FTT has become the vehicle for assorted national myths.

For its Franco-German backers, this so-called “Robin Hood tax” burnishes their credentials as scourges of high finance and speculation. For the British, meanwhile, it is a test of their mettle as defenders of the City of London against meddlesome initiatives from Brussels and the continent.

 

[Little-Acorn]

Looks like the liberals really don't want to talk about this one - European big-govt taxers trying to disguise themselves as the kind of moral person Robin Hood was, so the normal people of their countries won't run them out of town on a rail.

Who can blame them?

 

[The Rabbi]

We've had proposals for the same kind of thing here.
Democrats are stupid. It's what they are. If you want to discourage behavior, you fine it, right? That's the whole idea behind Obamacare's fine/tax/whatever.
So if you fine financial transactions guess whether you'll get more of them, which tends to increase wealth, or fewer of them, which tends to decrease wealth.

 

[Avatar4321]

Should be called the Sheriff of Rottingham, er Nottingham tax.

After all, Robin fought against the government taxing the people. That is what made him a hero.

 

[B. Kidd]

They could've done worse.......like calling a healthcare act 'affordable'.

 

[bendog]

hmmmmmm, taxing banks to repay debt incurred in the debt bailout.

Shocked, I gotta tell ya. I'm shocked. Thank GOD no AMERICAN would support that SOCIALISM

 

[Little-Acorn]

Looks like the liberals really don't want to talk about this one

hmmmmmm, taxing banks to repay debt incurred in the debt bailout.

And the ones that do talk, tell lies about it.

 

[bendog]

here you go, genius.

http://finance.yahoo.com/news/franc...4cmVwBHNlYwNzYwRjb2xvA2JmMQR2dGlkA1ZJUDMwNF8x

But continue getting your low information from faux/FT

 

[Little-Acorn]

The reason Robin Hood was the enemy of the Sheriff of Nottingham, was mainly because Robin Hood kept raiding the Sheriff's tax collectors and treasury agents, and bringing the money back to the people who had paid it in the first place.

Robin Hood was a conservative. That's all it took to earn the hatred of Big Government's agents.

 

[buckeye45_73]

here you go, genius.

http://finance.yahoo.com/news/franc...4cmVwBHNlYwNzYwRjb2xvA2JmMQR2dGlkA1ZJUDMwNF8x

But continue getting your low information from faux/FT

did you read it? They want it to go to fighting poverty?

First that is a failed policy, lets quit that shit

second i thought it was to pay off the debt from those loans, so its just another bullshit tax for the govt to blow on hookers and cocaine?

 

[bendog]

Oxfam wants it to go to poverty. However, the OP is bs.

The tax is on the rich, not workers, and it is to be devoted to repaying workers who financed the bail outs. Ill conceived, and probably useless. But hardly govt confisctating property from villagers at swordpoint.

 

[Little-Acorn]

The tax is on the rich, not workers,

This has been Installment 3,497 of the "Successful people don't work, really they don't, please believe me so I can get away with stealing what they own" fib.

Back to the subject:
You know the liberals are up to yet another disguised wealth-transfer scheme when they try to disguise it as a conservative (i.e. "Robin Hood") initiative.

 

[The Rabbi]

hmmmmmm, taxing banks to repay debt incurred in the debt bailout.

Shocked, I gotta tell ya. I'm shocked. Thank GOD no AMERICAN would support that SOCIALISM

You understand the banks paid back the bailout money with interest and the Federal Gov't made a ton of money, right? The big problem is Fannie/Freddie.
Talk about low information.