Words, Words, Words - it's only words (Jul/21/2009 )
bugle
yup, deregulation and all that stuff....it's supposed to provide more incentive and competitiveness...have to check the Tobin tax...
chasing rabbits
Tobin tax is quite controversial, but for an economic layman it sounds good
chasing rainbows
what? take from the rich to give to the poor.......Robin Hood already did that
rainbow warrior
but if you read a bit then there are also quite good arguments against it. But a I cannot really judge what's true and what not....but perhaps nobody can as it was never introduced until now, so nobody knows the effects finally
Montu
it's to dissuade the currency speculators...got it now...and it seems that it was already passed here...need to read more about it tho...but Towbin himself said that it's apart from anti-globalisation that Attac and other org are pushing for....
Ares
Tobin tax itself works only with globalisation, ie if all countries establish it. That's also a point of the critics as this will probably never happen...
Mars
I guess not all countries bec surely, that will never work out but perhaps just those which can afford it...our parliament passed it in 1999 "the government should enact a tax on financial transactions in concert with the international community"....
Red planet
But the risk is that then all those transactions are transferred to countries where no such laws exist, i.e. the most liberal ones are the winners then...
Ruby
but like I said, the most liberal ones are probably those which can afford to pay the tax so it shld be enacted in those countries and then the revenues will help fund international social projects...but that's an airy-fairy way of looking at it ...where there's a lot of money involved, who knows?
HAL's video eye
But the more rich the dudes are (and the banks or bankers anyway) the more closefisted they are...And if you deal with millions even 0.05 percent count...