14th April 2011
HappyValley thinks: "My concern is with how this money would be spent. The track record on aid is not good. It has previously been suggested that 80% of aid stays WITHIN the donor country. Then much of the aid supplied never reaches its intended targets, frequently through the intervention of corrupt government officials. I live in a developing country and I have a poor opinion of foreign aid, not just for the reasons above because it also develops a dependency culture and in some cases traps the recipients in the colonialist mindset. The mantra of TRADE not AID makes sound sense."
spandexia writes: "This tax will be paid by customers of banks – us. It will propagate through the economy as each transaction is taxed, amounting to the taking of billions from the wealth of ordinary people.