There\’s been something nagging me about R. Murphy\’s latest little essay for the TUC. It doesn\’t seem to mention his last little essay for the TUC.
Back in November he said that there should be a 0.05% tax on all interbank and CHAPS transfers.
I was among those who started shouting that he\’s just closed down the interbank markets in their entirety. Of course, I was told not to be silly, nothing of the sort and anyway, what\’s the point of interbank markets and Worstall, you eat boiled babies, don\’t you, yes, don\’t you!
Then there\’s his new report for the TUC about a financial transactions tax.
And I cannot find anywhere in it that tax on cash/bank transfers.
Which leaves us with a number of possible answers to the question why not?
My two favourites are, at present, that he\’s simply forgotten all about it or that an adult read the first report and promptly demanded that he stop being so silly.
I\’d much prefer it to be the latter: it would indicate that there is indeed an adult overseeing his reports, something hitherto unsuspected.