G8 summit has finished today. Conclusion: the financial transaction tax as proposed by the EU has been rejected. Also, we should restraint the public spending and reduce our budgets. In plain English: While rich continues being freed of paying taxes tax while getting richer, we get to save on schools, pensions, medical care, infrastructure, and other. Great. Have we learned nothing from the financial crisis? Bravo, politicians. (Why don’t we just get rid of them?)
Please note that the news about the rejection of the transaction taxis is quite hard to find. G8 concluding that they are angry of Iran and N. Korea is so much more important.
P.S. What about the change Obama was promising? Anybody seen it?