Euro Area

[gaelic cowboy]

Because it is aimed at currency speculation and trading markets and it is indeed these markets which will be taxed. Pensions usually invest into shares and bonds for growth, the tax effectively doesn't affect these at all.

However, what I have read is that companies are pushing the costs of the tax onto other people, to make them pay for the increase. This isn't actually what the tax does, it is companies being ruthless and total 's. It is like how British Gas increases the energy bills and keeps them there whilst the price of fuel is dropping in order to screw over costumers for increased profits.

Anger is taken out at the wrong people.

Currency speculation doesn't wound a currency unless it has some kind of weakness to begin with.

Japan has been bet against for the last 20yr and it's broke so many speculators it has become a stock market meme.


This is all about the Euro and the euro was holed below the waterline by the movement of capital from the core to periphery seeking larger returns on investment.

Currency specualtion never came into it until the ECB made it a neccesity for investor to protect themselves from potential bond market loses.

[InsaneApache]

I wonder why taxation is seen as the solution rather than the problem it actually is?

[gaelic cowboy]

I wonder why taxation is seen as the solution rather than the problem it actually is?

cos everyone from the private to the public sector likes spending other peoples money