We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Bank Tax

TruckerT
TruckerT Posts: 1,714 Forumite
in Debate House Prices & the Economy
I really don't understand why so many people are not only happy and willing to pay their monthly dues to the Banking Industry, but are actually quite aggressive in defending the rights of the Banks to demand such dues

TruckerT
According to Clapton, I am a totally ignorant idiot.
«1

Comments

  • ILW
    ILW Posts: 18,333 Forumite
    Can you explain.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    ILW wrote: »
    Can you explain

    It's like buying a RollsRoyce - if you have to ask the price, then you can't possibly afford it xx

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • ILW
    ILW Posts: 18,333 Forumite
    edited 18 December 2011 at 11:43PM
    I don't pay anything to my bank. they pay me.

    Am I doing something wrong?
  • bendix
    bendix Posts: 5,499 Forumite
    TruckerT wrote: »
    I really don't understand why so many people are not only happy and willing to pay their monthly dues to the Banking Industry, but are actually quite aggressive in defending the rights of the Banks to demand such dues

    TruckerT

    What colour is the sky in your world? Are you a bit simple or something? You constantly come up with these nonsense throw-away posts which have little semblance to the real world.

    Like ILW, I havent paid any 'monthly dues' to the Banking Industry for decades. Why would I? On the contrary, they pay me.

    It's called being a smart consumer.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    Yet again, the wise men of Europe have come up with another scheme to support the banks, and insulate them from risk

    When will they remind the banks that their true function is to support and facilitate the economies of the countries in which they operate? The banks seem to pay massive bonuses either way.... where else on the planet does that happen?

    We all pay monthly dues to the Banking Industry as we continue to contribute to cost of supporting all the businesses and individuals which continue to fail as a result of the cost of funding the billions of bailout money which the banks continue to enjoy

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • ILW
    ILW Posts: 18,333 Forumite
    TruckerT wrote: »
    Yet again, the wise men of Europe have come up with another scheme to support the banks, and insulate them from risk

    When will they remind the banks that their true function is to support and facilitate the economies of the countries in which they operate? The banks seem to pay massive bonuses either way.... where else on the planet does that happen?

    We all pay monthly dues to the Banking Industry as we continue to contribute to cost of supporting all the businesses and individuals which continue to fail as a result of the cost of funding the billions of bailout money which the banks continue to enjoy

    TruckerT

    Thats where you have got it all wrong. A banks true function is to make money for it's shareholders, just like any other business.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    ILW wrote: »
    A banks true function is to make money for it's shareholders, just like any other business.

    If only it were that simple....

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TruckerT wrote: »
    If only it were that simple....

    TruckerT

    Retail banking used to be and again will be.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ILW wrote: »
    Thats where you have got it all wrong. A banks true function is to make money for it's shareholders, just like any other business.

    First sensible post ive ready from you ILW
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    Most businesses simply contribute to the economy, but banks actually control the economy - there is no similarity between the two

    Retail Banking is a small, historical, part of banking activity

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture