The Greens get a big tick of approval this morning:
The Australian Greens have proposed a tax on the big four banks for government insurance that would raise up to an extra $11 billion over the next four years.
The minor party proposes a levy of 0.2 per cent on all bank assets above $100 billion in return for the federal government’s protection to ensure they do not fail.
I can’t comment on the size of the fee though it looks reasonable enough. But this should not be called a tax. It is a fee for services rendered the banks by the Australian tax-payer.