Here is an interesting link about a transaction tax, aimed at the big end of town banking.

http://robinhoodtax.org.au/how-it-works/

A similar tax, of say 2% could be introduced here on every single, every day transaction..

It is suggested we could abolish EVERY OTHER FORM OF TAX.

So viewing the article suggested we could have different levels of TT for different transaction.

Surely it's worth considering.

Short on detail. The rich don't get that way by paying tax.
Anti conservative.
The one % are convulsing.
Barter system would flourish.

Why don't we at least trial a transaction tax?

Rechtub, you answered your own question with your first statement:

<< … a transaction tax, aimed at the big end of town banking. >>

Yes, it is aimed at the big end of town. You know – that mob that the government is in bed with!

THAT will indeed be the big and probably insurmountable stumbling block to giving this thing a trial run.

Hey I agree that it is a damn good idea. I said so some years ago on OLO when Pauline Hanson’s One Nation Party was espousing it.

According to Barnaby Joyce our banks are exposed to $ 15 trillion worth of derivatives.Just a small tax on their scams will reduce our taxes enormously.

No political party will do it.That's why we need a new one.

Lets tax stupidity - there will be more than enough to go around!

i agree with your headline
why not indeed..we lead the world [lol]..
in taxing smokers and pensioners..via green compulsory taxation[half my bill is service acces charges..and other govt revenue raising..then 10%gst on top..!

yet here..the world is frightend
but that little test tax..on money..!*!..>>not work..
would really be..frontrunning..for once..

but..they with money
can afford to fight back..!*!
unlike smokers and govt service users.

the lack of front/running..reveals the lie..or the ju-liars/liar-lawyer$$

who knows
it just might bring the HIGH*..dollar down,...as well as provide a HUGE..!..*REVENUE stream

karma demands it.!*!

[either that
or re-deflate true value back into coin.[you cant keep bleeding the poor..

tax those who gain the advantage..who get the benifit..
let users/or more specificlly..ABUSERS pay the extra*

also how come capitalist/bwanker$'s..can leverage money 33 fold?
yet govts cant..!*!

>>[something rotten..when our cash
in a capitalist bank can be fractionally reserved 33 times..yet our tax dollars cannot!

govt paying bankers,..LOL>>..lending from bankers
its just insane..tax the money..flat rate..

front*run..for real!*!*!
for once.

..ya mob of liars.
lawyers serving criminals
60%..of our govt are/were lawyers..defending the rich but guilty..

bailing them*out..by taxing us to death..then fractional reserving the banked cash 33 times..

thus/lending the govt the bailout..lol..AT intrest

its insane
fractional reserve our taxes..not our savings!*!

tax it as its spent..where its paid..
not where the tax write off avoids them paying it.