David Hillman of the UK\’s Robin Hood Tax campaign – which backs the financial transactions tax and wants any cash raised to be earmarked for development – welcomed the agreement, but added that \”the UK public will be rightly angry that George Osborne is resisting efforts to make the City pay its fair share\”.
He said that a Robin Hood tax would \”boost growth as well as raising billions to tackle poverty and protect public services at home and abroad\”.
Given that the EU Commission\’s own report into the tax states that it will reduce GDP, how can this be said to increase growth?
Furthermore, leave aside that emipirical evidence at look at it from a theoretical Keynesian point of view.
They\’re suggesting that tax money be raised inside the EU. And then spent outside the EU on Third World development. This is, obviously and clearly, fiscally contractionary to the EU economy.
So they\’re wrong in fact and theory then.
And what I\’d like to know is, why are the cunts lying to us so egregiously?
It\’s entirely one thing to disagree about what makes the good society: and entirely another to just make shit up.