Bad ideas seem to gain traction

This one for example:

In the most direct sign yet that his administration will penalise the world\’s biggest banks, officials close to President Barack Obama are understood to be drawing up plans that would likely levy a one-off tax on bank\’s profits.

At a time when we\’re all hoping that the banks will increase their capital reserves nicking a chunk of their capital off them seems a tad perverse really.

One comment on “Bad ideas seem to gain traction

  1. I see. So we tax the profitable banks, subsidise the loss-making banks, and then wonder why there are only loss-making banks.

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