After the crippling 2008 public bank bailouts - you’d think the banking lobby would choose its arguments more carefully.
If banks warn that taxing their profits means less lending, that strengthens the case for a more diverse banking sector.
Build on our mutuals. Create local savings banks modelled on Germany’s Sparkassen, alongside publicly owned national and regional investment banks. Give businesses more places to turn.
We grant commercial banks the extraordinary power to create money through lending. That should come with responsibilities.
So, perhaps sit this one out and take the hit - because you still owe us many times over.