David Hillman, lying scumbag

David Hillman, spokesman for the Robin Hood Tax campaign, said: \”The British government should wake up and smell the coffee. Other governments are moving ahead with a bank tax, while we are letting our financial sector off the hook.

\”A Robin Hood tax on the banks would be the most popular tax in history.\”

A tax which just taxed the banks would indeed be an extremely popular tax.

But as both you, your confreres and fellow campaigners, and I know a Robin Hood Tax would not be a tax on the banks. Nor even upon the banksters.

It would be a tax on all consumers of the products of the financial sector. Which, given that all of us take part in the modern economy which consumes the products of the financial sector would mean all of us.

Now you know this, it\’s been pointed out to you by myself (and one of your colleagues, Owen Tudor, will no doubt have brought my snarls to your attention ) but more importantly it\’s been pointed out to you by the OECD and the IMF. The incidence of a financial transactions tax will be upon consumers, as pointed out by the Nobel Laureates Sir James Mirrless and Peter Diamond. Further, the burden upon consumers is likely to be greater than the revenue raised, as pointed out by the Nobel Laureate Joe Stiglitz.

You know this, your campaign knows this, yet still you market your idea as if it is only the banks which will bear the burden. You are playing off the ignorance of the general public about tax incidence.

Which makes you David Hillman, Owen Tudor, the Robin Hood Tax campaign as a whole, lying scumbags, doesn\’t it?

6 comments on “David Hillman, lying scumbag

  1. “You are playing off the ignorance of the general public about tax incidence.”

    Which is a smart move, when you consider their ignorance seems to know no bounds…

  2. Even if a tax could be constructed which only affected the banks, given that we own the shakiest of them how would making them more shaky help?

  3. “..spokesman for the Robin Hood Tax campaign, said: “The British government should wake up and smell the coffee.”” Ah Tim, how on earth do you manage to read on after an appalling opening like that?

  4. It would be a tax on all consumers of the products of the financial sector. Which, given that all of us take part in the modern economy which consumes the products of the financial sector would mean all of us.”

    Oh, really? “All of us”?? You mean like “all of us, the 1%”?? or (even if it were) “all of us, the 10%” or even 20%??

    Your far-right sociopathic worldview is so glaring, if it weren’t so deathly for Humanity, it would be laughable. And you talk about “lying scumbags”…

  5. It would be a tax on all consumers of the products of the financial sector. Which […] would mean all of us.”

    Oh, really? “All of us”?? You mean like “all of us, the wealthiest 10%“?? or (even if it were) the moneyed 20%??

    Your conservative sociopathic worldview is so glaring, if it weren’t so deathly for Humanity, it would be just laughable. And you talk about “scumbags”…

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