UK 2017 General Election - John McDonnell Soundbite on Robin Hood Tax plans

The video discusses the importance of fair contributions from banks and hedge funds, particularly in risky derivative speculations. It emphasizes transparency in policy costing and funding sources, highlighting that no political party has previously provided such detailed information. The development of these policies is based on professional advice from economists, tax collectors, and tax lawyers, exemplified by the Robin Hood tax.

What is the primary goal of the new policy discussed in the video?

• To punish banks and hedge funds

• To ensure fair contribution from financial entities

• To eliminate all financial speculation

• To increase taxes on all transactions

How does the speaker describe the level of detail in the policy's costing and funding sources?

• As unprecedented in scale and detail

• As irrelevant to the policy's success

• As similar to previous policies

• As vague and unclear

What kind of advice backs the funding sources of the policy?

• Political advice

• Amateur advice

• Professional advice

• Public opinion

Who contributed to the development of the Robin Hood tax?

• Only economists

• Only tax lawyers

• Economists, tax collectors, and tax lawyers

• Politicians and bankers

What is the basis for the Robin Hood tax according to the speaker?

• Public demand

• Political agendas

• Expertise from various fields

• Economic theories