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I worked at the London Stock Exchange for 15 years where I designed and built financial markets for a living. Collecting #FTTs was bread and butter for us. It's crucial for a just society too. 1/7 @cjayanetti @jreynoldsMP @johnmcdonnellMP @LabourList https://twitter.com/cjayanetti/status/1288539464621535232
The new comprehensive #FTT proposed by 2019 Labour, comprehensively covered most of the *£8 trillion a day* gambling in exchange traded and over-the-counter financial markets: FX, rates, derivatives...2/7
The enhanced scope of the tax would merely bring taxes from private exploitation and financialisation into the 21st century, and out of the 16th century from where it originated. #BlackLivesMatter 
#reparations 3/7 Read 
https://www.redpepper.org.uk/fighting-the-inequality-pandemic-the-case-for-a-super-tax/
#reparations 3/7 Read https://www.redpepper.org.uk/fighting-the-inequality-pandemic-the-case-for-a-super-tax/
Claims the tax would harm London's role as the centre of global capital are simply unfounded: Labour's 2019 #FTT is incomparable to Sweden's bad #FTT. Citing it displays shocking lack of historicity, financial market, regulatory and political understanding. 4/7
This FTT is not a radical tax. What's radical is hedge fund mgrs 'earning' a billion a year and other insidious activities/amounts (see article below) from high finance that suck wealth upwards, widening inequality with every trade, every milisecond the markets operate. 5/7
The FTT is effective to make high finance pay what are quite small amounts when we consider the scale of private financial wealth, that's utterly unproductive economically and socially. And stemming the erosion of democracy that comes from wealth accumulation. Read 6/7
6/7
To represent those who have to work for a living means being unapologetic to the finance lobby, who only want to continue gambling the *£8 trillion a day* made from people's labour through financial markets. 7/7 https://tribunemag.co.uk/2019/11/labour-against-the-finance-lobby
