Attac Jersey is a Member of the International Tax Justice Network. We are Members of the Association for the Taxation of financial Transactions for the Benefit of Citizens, (ATTAC) and the Tax Justice Network, (TJN). The aims of both organisations are to research, educate and campaign to further public awareness. We are seeking to alleviate poverty through the creation of just taxation systems to fund social goods.

Saturday, October 30, 2010

blog archive August 2010

Tuesday, August 10, 2010

Maurice Merhet's article on the subject of

banking and entitled Mo's Law
posted below on the 6th of August

is further discussed on the Tax
Research UK Blogsite August

10th ,2010,

link:

www.taxresearch.org.uk/Blog

Posted by Attac Jersey - at 3:28 PM 0 comments

Friday, August 6, 2010

06 August, 2010

Mo’s Law

Maurice Merhet

The banks have proved themselves to be
dishonourable.

How? Why? Alternative?

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How?

1. By loaning money to people who could not pay it back. Reason – so as to take
their

property and make a large profit.

2. By refusing personal loans and suggesting customers use credit cards. The
bank then

charges 18% on the overdraft. Not only that – if you are £10,000 over on your
credit

card and have paid back £9,900 they still charge you 18% on the full amount.
This is

legalised extortion.

Why?

So as the banks can pay themselves large and excessive bonuses. It is we, the
public,

who are doing the paying. This makes it very bad for the whole British
economy. The

banks are so powerful it is they that rule the economy not the government.

Alternative:

As we own 84% of the Royal Bank of Scotland this is what we do. We pay
depositors

2% interest and loan out money at say 10% on secure loans, credit cards on
collateral at

12% on a sliding scale. We would not pay bonuses but a fair wage.

This one move would force the banks to do they same which would benefit the
whole

economy. They would no longer expect depositors to be satisfied with ½% nor
lenders

prepared to pay 15%.

One added advantage – this would free all these very clever but overpaid
bankers so that

they could do something useful for society that was not dishonourable.

This is Mo’s Law.

Posted by Attac Jersey - at 5:02 PM 3 comments

Tuesday, August 3, 2010

Letter to the Editor of the Jersey Evening Post

2nd August 2010

Where are the expensive failures from?

John Heys

Here we go yet again. Will our overpaid selecting civil servants never learn?
Another
wonderful, highly experienced, foreign department director has jacked the job
in after
only four years at the Airport.

No reason given is OK, but it would be nice to know why. At least in the prison
fiasco,
one could not get on with the Jersey way and one’s wife could not settle here.
Can you
imagine not being able to settle in such a beautiful place? What nonsense.

I trust there will be no golden handshakes and that we, as the ever tolerant
taxpayers, will
be assured of this.

So now, with egg all over their faces, the selecting bunchwill have a chance to
choose a
Jersey boss for the Airport, and henceforth continue to do so.

For goodness sake, wake up! Just look at your expensive failures; tourism,
police, prison,
Airport, etc.

Where do they all hail from?

Posted by Attac Jersey - at 1:46 PM 1 comments

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