A fee on financial transactions simply means that every time you make a deposit to your savings some of the money will go to government. When you withdraw from your savings you will get the amount you asked for LESS a little bit that goes to government.
When you pay your credit card bill (a financial transaction) you'll find an added fee which goes to government. When you ask the ATM for $20 you'll still get a twenty but your account will be debited for $20 plus the government fee (tax).
So what's NOT to like about that?
When you pay your credit card bill (a financial transaction) you'll find an added fee which goes to government. When you ask the ATM for $20 you'll still get a twenty but your account will be debited for $20 plus the government fee (tax).
So what's NOT to like about that?