Bored on board?
Sometimes I wonder if board of directors of these financial sector organisations are, well, up to it and IT?
Imagine if the Robin Hood tax went ahead.
All that would happen is that one ruthlessly efficient organisation capable of redistributing wealth from the poor to the wealthy (banks & finance sector) would have to pay up to another ruthlessly efficient organisation capable of redistributing wealth from the poor to the wealthy (hmrc, whitehall & UK tax structure).
And as both organisations seem to place incredible priorities and importance on remuneration of employees and preferential employment practices (with bonus) I cannot see how the public can improve their lot.
Besides there is only a limited sum of capital on the go at any one time.
Banks do not produce wealth, merely take some dosh from some people and pay to other people (after some -ahem- modest redistribution of course).
All that is likely to happen is the finance sector will be collecting taxes for and on behalf of hmrc; from the very public that insists Robin Hood tax is imposed?
History shows that the banks will sooner bankrupt nations than forego employee reward structures. A matter for the bored board methinks.