Tobin Hood and His Merry Pinkos

Just a cursory glance down the list of the organisations supporting the

Robin Hood Tax

shows you exactly where these delusional hippies are coming from. Just look at the mandatory use of “Merry men and women” in the description to gauge exactly the sort of lefty bores we are dealing with here. Trade Unions, barking communists, self-aggrandising green movements, you get the picture. Instead of electing politicians to run the country perhaps it would be a much better idea just to put that nice Bill Nighy, or seasoned economist Richard Curtis, or what about obnoxious loud mouthed Fern Cotton, in charge.

For starters, it should be made very clear that however many pinkos join a Facebook group, the chances of the Robin Hood Tax succeeding are somewhere around half of half of point one percent of a percent – that doesn’t sound like very much to normal people. And that’s because normal people don’t run the worlds banking systems. That’s why bankers do – people who actually know what they are talking about, people who have been consistently smeared by those looking to shift the blame for their own cock-ups. The Labour Party is as much to blame for the recession as the bankers they are so willing to blame. We would be well on the road to recovery by now if it wasn’t for the ridiculous levels of government spending instigated by Gordon Brown. Now the left want to levy a new tax, not for deficit reduction, but wait for it… more public spending!

The chances of US investment banks agreeing to this are tiny. Thank goodness. As for the rest of the world? Well the global community can barely agree where to hold summits, let alone on anything actually discussed at them. The delusion of the supporters becomes immediately clear when they state that 0.05% is a tiny figure. Yes it is a small percentage but as Tim Worstall

points out

, that figure represents half of the profits generated by the banking system. Do you seriously for one second believe that the banking section would put up with losing half of it’s incentive to bother trading, and thus prop up the world we live in?

Have these people ever thought for one second what the world would be like without international trade and the banking system? Or maybe they have, maybe they want government controlled finance. Maybe this is indeed part of their grander plans to redesign the world, who knows what these mentalists are really thinking.

Most of the people supporting this either spent their childhood standing in the cold while their parents gave out Socialist Worker, or failing that, were too busy eating tofu and lentils in-between sessions of singing Joni Mitchell songs on an old battered guitar. However TB actually spent his childhood reading Robin Hood.

He remembers the true story, not the hijacked jumped up version that these deluded morons are spouting. Robin of Loxley returned to his homeland to find it crippled by a tyrannical regime hell-bent of propping itself up by taxing its citizens till the pips squeaked. Sound familiar yet? Robin Hood as he became was the ultimate fighter against taxation, he wasn’t stealing from the rich to give the poor, he was merely taking back from the rich what they had taken from the poor through taxation.

Nottingham was the ultimate big state, with its only desire to grow and a casual disregard for its citizens. The irony of the name is hilarious. This tax does not steal from the rich to give to the poor. It’s just sanctioned stealing by the state. It should be named the Sheriff of Nottingham Tax if anything. This countries recession has been made so much worse due to the ridiculous size of our state. How will giving the state more money to piss up the wall solve anything?

Time to move on to some of the more well disguised bull that supporters of the Robin Hood Tax seem to have swallowed. Take Will “Evidence Based Blogging” Straw's

Left Foot Forward

for example. LFF constantly refers to “world economists” as if every economist is part of the world club and all agree with each other that everything the Conservative Party has ever said is wrong.

Left Foot Forward also bands about the figure of 350 economists as if it is something to be proud off. Margaret Thatcher got at least 25 more economists than that to slam her ideas and she went on to become the greatest peacetime Prime Minister this country has ever had, and her ideas were eventually embraced by the Labour Party he is so tireless to defend. He also has to stop banding the expression “Nobel Prize Winning” as if it actually means anything. They gave Obama one for Christ sake.

Will’s spin swallowing naivety really becomes obvious in his myth-busting attempts:

“Claim #2: It will harm ordinary consumers, including ‘holidaymakers when they exchange money at the airport’ 

The Robin Hood tax campaign FAQ states that: 

“The Robin Hood Tax will not impact on personal banking or on retail banking. That’s because it targets a distinct area of bank operations – high-frequency large-volume trading, undertaken by financial institutions in the ‘casino economy’. 

“If you change money to go on holiday, send remittances abroad, invest in a pension fund or take out a mortgage, you will not be affected by this tiny tax.””

Yes, that is correct. But come on Will, banks are there to make a profit, it is what they do. To suggest that they won’t find a way to make up for the losses of Robin Hood’s theft is naïve at best, and plain ignorant at worst. Banks aren’t the fluffiest of creatures but they are a necessary evil and will pass on the any cost inflicted upon them to their customers without fail. Higher bank charges immediately come to mind. Boom right there, you have then inflicted the poorest this pathetic and delusional tax is meant to help. Whoops.

The idea that taxation is theft is rarely so hysterically and openly embraced by the left. They normally spend most of the time hiding their casual disregard for other people’s money. At times like this you see right into the thought process of the modern left. Their ideas have been rejected again and again, decade after decade so they opportunistically wait for a low point to strike and force their thievery through the back door. You could yell and yell that’s “It’s not your money!” until you were blue in the face, but frankly these people don’t care. They are dressing up there desire to hamper and limit global capitalism under a veneer of caring.

Just as they are so quick to dismiss the fact the climate scientists are a bunch of politicking liars, you would think that the case for a global levy was open and shut. If it is such a good idea why hasn’t it been implemented over half a century since the concept was first mooted? It won’t work because it is stealing money that governments have absolutely no right to touch. Opposition to this tax will prevail, whatever the more naïve and deluded elements of society wish to call it.



Many more voices have come out against The Tobin Robin Hood Tax.

TB Recommends:

Robin Hood Tax, or Compulsory charity in a post-religious age

Picking apart the ‘Robin Hood Tax'

Forget the Robin Hood Tax, I want a Celeb Tax

Robin Hood: A Libertarian Hero Defamed

Robin Hood Tax

PM 'Bananas' Over Robin Hood Tax

Robin Hood Tax, yet another view

Robin Hood Tax – Stealing from the worthy

ROBIN HOOD, ROBIN HOOD, RIDING THROUGH THE GLEN

On the Robin Hood Tax

Fairytales like a ‘Robin Hood Tax’ won’t help anyone

The cruel deceits of the left - the re-branded Tobin Tax

And a special mention to

Guy of Gisbourne

- resurrected as the good guy to fight the resurgent Robin and his evil tax.