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Anorak | Can We Fire the TUC Please?

Can We Fire the TUC Please?

by | 16th, August 2011

CAN we fire the TUC? No, no, not the whole union movement thing: all in favour of that. Freedom of association is as important to a free society as free speech is.

No, I mean can we fire all the people who work at the TUC at the moment please?

The cause of my demand is their latest nonsense on the Robin Hood Tax. You know the one, that Richard Curtis thing where if we just took pennies off every financial transaction then we’d have hundreds of billions to make kittens fart rainbows stuff?

The IMF has just released a new report and the TUC is frotting itself into a stupor, for they say that, look, look, the report shows that it is possible!

They then ignore what the report says :

Further, it has been pointed out that the real burden of an
FTT may fall largely on final consumers rather than, as often seems to be supposed, earnings in
the financial sector.9

This is the real problem with the RHT. They set out to tax the banks: but it won’t be the banks that really pay the tax. Not even the bankers or the banksters. It’ll be you and me, the ordinary citizenry, who pay it.

It’s all to do with something called tax incidence: the people who actually hand over the money to the Treasury

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Posted: 16th, August 2011 | In: Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink