Which socialists? You know very well that they are simply social democrats very similar to your own preferred party but who present what often amount to the same policies framed differently. Foreign exchange taxes are nothing extraordinary in this world, perhaps thus far for the UK but then sooner or later it was highly likely to happen and when that occurs we shall see which government is in office. You know as well as I do that this is a proposal and before it could become policy then law, firstly it would have to be adopted by that party, included in their manifesto now that it has been discussed publicly followed by that party winning an election, sticking to their policy and parliament passing it into law. If it happened then 2022 would be about the earliest it could happen. Anyway, not wishing to take it on face value I had a look at the proposal and there are details you overlook. For instance, lower range 'personal' transfers which I assume would include pensions, would not be subject to such a tax, also given that it is phrased in a way that targets finance and trade, I hardly imagine our little bits of pocket money will be included. Other income, perhaps, but then if I remember rightly people spend a lot of time placing the income from investments outside the UK to avoid paying tax, so is it right that this continue?
Anyway, first of all David, that party has to win an election which is hardly likely unless they really do come up with some popular policies. Saying that such policies come from the Republic of Islington is also condemning an untried and tested policy of a party that is in office when it is simply a proposal that over the next five years is likely to be forgotten. Finally, calling a party socialists who are patently not thus allows one to refer to another something like capitalist pigs, placing greater emphasis on the latter word.