A windfall tax on the banksters’ obscene bonus “pay for attendance” culture:
Government must take on a new strategic authority to build the economy of the future. Its first step must be to end the power of the banking oligarchy and reassure the public that its capture of the political elite is over. The Compass campaign for a windfall tax on bankers’ bonuses is an essential first step in reasserting democracy and bringing the business elite to account. A windfall tax would mark the start of the longer term transformation of the banking sector which will be necessary to meet the challenges of future economic development.