tomchance Wrote: > Are we unfairly attacking them? Well of course many within the banking sector will feel aggrieved and will attempt to give us one sob story or another about how by unfairly banks and bankers in the UK are being hit by this tax. They will also attempt to scaremonger...as e.g. has HSBC boss Michael Geoghegan who claims, amongst other things, that the tax will damage the City of London. But at the end of the day, had they not being so grossly negligent (or at the very least reckless) with regard to their lending and investment policies, we wouldn't be in this economic quagmire. >The bankers > should thank us for keeping them in business. Indeed they should. Furthermore, it is quite proper that they should be penalised for the economic and financial destruction caused as a direct result of that negligence/recklessness. Unfortunately - as expressed by tomchance, I also believe this tax (albeit headline grabbing) can only sensibly be viewed as part of the solution to restoring our coffers to financial health. Moreover, I do not consider that it is sufficiently punitive, purely because many a competent accountant/lawyer will be able to find a legal way to either avoid it completely or to mitigate its impact. The penalty should hit where it hurts. If anything, I don't believe it will hurt hard enough.