In a situation where the need for a bank tax is clear even to the most hardened economic freedom fighter, one reformist after another throws himself into the trap of protecting the banks. Recently, former finance minister Mart Võrklaev reminded that banks already pay taxes. Yes indeed it is. However, all people living in Estonia also pay taxes, which has never been an obstacle for the government to impose new taxes.
People already pay income tax, which used to be significantly higher than bank income tax. However, people’s income tax will still rise, and this fact does not bother Võrklaeva at all. In addition to this, there is also a security tax, which could rather be called the Reform Party’s incompetence tax, since it has nothing to do with security. The tax increases hit the least protected social groups the hardest, while the profits of the banks are in the firm hands of the Reform Party and flow unhindered and essentially tax-free to Scandinavia.
Pensioners pay, but banks don’t
Of course, Mart Võrklaeva’s life’s work as a politician is done and he doesn’t have to put in much effort anymore – a
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2024-12-09 07:45:00
#Andrei #Korobeinik #Choices #Reform #Party #protect #banks #tax #people
What are the arguments presented by Korobeinik against the Reform Party’s approach to banking?
## Interview Snippet: Korobeinik Critiques Reform Party’s Approach to Banking
**Today we’re joined by Andrei Korobeinik, member of the Riigikogu and Vice-Chairman of the Central Party faction, to discuss the recent decision by the Reform Party regarding banking practices.**
**Interviewer:** Mr. Korobeinik, thank you for joining us. The Reform Party has chosen to protect bank interests while proposing a tax strategy that appears to target individuals. Can you elaborate on your reaction to this decision?
**Korobeinik:** It’s frankly alarming. As stated in the recent article from Delfi, [1](https://epl.delfi.ee/artikkel/120341690/andrei-korobeinik-reformierakond-valis-kaitsta-panka-kuid-maksustada-inimesi), the Reform Party seems committed to shielding banks from contributions while shifting that burden onto everyday people.
This “solution” is simply not sustainable. It doesn’t address the real issue, which is ensuring a fairer system for all, not just protecting powerful institutions.
**Interviewer:** What alternatives would you suggest to this approach?
**Korobeinik:** There are multiple paths towards a more just financial landscape. This could involve exploring measures like progressive taxation models within the banking sector itself, or investing in transparent and accountable systems that prioritize the wellbeing of citizens.
Simply protecting banks while burdening individuals is a short-sighted strategy that ultimately undermines the very foundation of a healthy economy.
**Interviewer:** Thank you for your insights, Mr. Korobeinik. It’s clear that this issue will continue to be fiercely debated as we move forward.
**
