Bank tax

Okay kiddo, so you know how you have a piggy bank where you keep all your money? Well, there are bigger piggy banks called banks where grownups keep their money too.

Now, the government sometimes wants more money to pay for things like schools and hospitals. So they made a rule that banks have to pay a little bit of extra money, just like when you buy a toy and have to pay some extra money to the store. This extra money is called a “bank tax”.

The idea is that since banks make a lot of money by keeping other people’s money safe and giving them loans, they should pay a little bit more to help the community.

But some people don't like this rule because they think that banks will charge their customers more to make up for the extra money they have to pay to the government. It’s like if you had to pay more for a toy because the store had to pay extra money to the government.

So, some people think it's a good thing because it helps the community, but other people don't like it because it might make things more expensive for them.