Bankers Unionising Over Banking Tax

Bankers Unionising Over Banking Tax

Representative Gluon from the Evergreens [TE] recently proposed a tax on banking deposits which was then supported by all of Congress except notable capitalist parakeet Rep. Budgiebud [TFC] and rightist enemy of the working class Sen. Johnes [Ind.]. The bankers in an ironic twist have unionised! Even talking of strikes! Others are talking of finding various loopholes to continue not paying taxes.

That the class of financial speculators whom have profited of the surplus labour value of the Redmontian working class, grasp for collective bargaining when threatened, should speak to both the effectiveness of people uniting for their class interests, and how badly this bill is hitting the bourgeoisie.

However, the bankers are not entirely wrong. This bill is very poorly implemented. According to FRB Division Chief Fickogames, it is a tale of carrot and sticks. Where this bill doesnt motivate banks at all to lend money into the economy, it only motivates them to move their money out of structures where it is able to be taxed.

Our interview with FRB Division Chief Fickogames
"Well I will start off by saying I am a socialist myself, its just this bank tax was stupid and rushed, nothing more, nothing less. FRB leadership proposed a formula instead of a flat tax to help the economy instead of just hamstrung it, and it seems the idea was either rejected or ignored."

"Was the bank tax in your opinion rushed this way by mistake?"
"I think the rush was understandable, there is lots of pressure on Congress to balance the budget and save the economy, issue is this bill does neither.
The flat bank tax is one, very avoidable, I found 3 loopholes in an afternoon what do you think a bank of 20M deposits will be able to do?
Second, it hamstrings the economy, it does not help it. Banks need incentives to lend out money and tax on reserves they dont use, carrot and a stick, not just a stick"
-Fickogames (he/him)
Division Chief, Internal Risk & Compliance Division of FRB, and Reserve Board member

The real effect of this bill will not be significantly higher tax revenue, it will be a banking scene defined by loopholes and a greater reliance on the FRB to keep their money tax-free.

When the Zine reached out for comment, Rep. Gluon (she/her) stated that this article adresses 'valid points':
"I originally intended the act to encourage liquidity, but I stand by these points. Carrot is better than stick. The act should have rewarded bank loaning."
Additionally Representative Gluon states that she requests the President to VETO this bill.

FAS Launches Newspaper

The Federation of Autonomous Spaces in its infinite wisdom has decided to restart its newspaper 'The Zine', which you are reading right now :p

Anarchist Party Runs for Congress???

The self styled "anarchist party" the Redmont Liberation Front (RLF) is attemping a run for office. With policies such as greater financial and political support for unions and a crackdown on DHS authority. Additionally the RLF is proposing a revolutionary new policy where its representatives everywhere, are beholden to the will of the popular assembly. This effectively makes all members of the RLF able to act on equal standing with representatives in congress through their elected officials. It also asks a $500 contribution to the party propaganda fund from its reps, paid for by the increased salary.

Aventura Autonomous Space Development on Hold

The top floor of the AAS in Aventura is on hiatus untill the Aventura government fixes a bug which makes the western wall unusable.