muzza, Bowen just said it would be .05 Banks were down 2% yesterday up about 1% today I don't like to rely on government for anything. I'd insure my money in deposits anyway. If the government will insure $100,000 for $50. I reckon that is pretty good deal and am happy to pay it.
however I have great respect for ec CBA ceo David Murray
He has equated a planned levy on bank deposits to the goods and services tax, saying it would have an economy-wide hit.
“Any tax you put on the banking system, because the banking system is the financial intermediary to the whole economy, it’s the same as putting a tax on the whole economy,” Mr Murray told The Australian Financial Review.
