An interesting concept from a group in Britain.

Their plan is to tax non-customer-related transactions that the banks do. All the speculation and things that ended up causing the problems in the last few years would be taxed at .05% per transaction. The end result would raise hundreds of billions of dollars.

Personally I think they are being a little naive to think that this won’t simply end up being passed on to the customer in higher fees and interest rates, but the video stars Bill Nighy, and that means it’s okay in my book.

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