Here's an article I found in todays newspaper from U.K.

Link: http://www.telegraph.co.uk/news/newstopics/politics/gordon-brown/6521548/Gordon-Brown-worldwide-snub-over-tax-plans.html

Snippet:

Experts said France and Germany might support plans for the transaction tax, which has been previously opposed by The Treasury, British banks and Boris Johnson, the London Mayor.

Even Alistair Darling, the Chancellor, who was at Mr Brown's side at the G20 meeting, last night declined to say whether he personally supported the move.

Mr Brown listed various potential alternatives to the Tobin tax – including charging banks an insurance fee and the establishment of a "resolution fund" – but he is understood to favour the transaction levy.

A source close to him said he was making clear that the public needed to be given confidence in financial institutions and that there needed to be a fairer balance of risks and rewards between taxpayers, citizens, shareholders and bank employees.

Downing Street sources last night insisted Mr Geithner's intervention was not an outright rejection of the plan. One said: "What he was trying to do was calm down hype that we're about to introduce a massive tax on banks overnight."

Question:

With returns as low as they are and charges building left, right and centre, why do we still need to use banks?

Comment One:

Who manages your money better than you? The Banks?

Suggest those that can, start weening the banks of their lifeblood; your money!

Comment Two:

These trial balloons floated by Government, usually end up as law later on and then they start to grow.

This "Tax on Transactions" needs to be "Nipped in the Bud" immediately.

Good Luck to all!