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Excellent idea! I tried to slow down a bit that 'viral' signature collection campaign launched by Baker and Stanley. Wherever you see that "Financial Transactions Tax – urgent call for support" charity appeal, just copy-paste this...

Ms. Public has little to say in things requiring international coordination (and G7 won't do here, Mr Brown - see the Simon Johnson's interview: "if they do it at the full G20 level, they may get some traction". The IMF would not be easily persuaded by appeal to authority and high-pressure...

Point taken. But you see, the IMF editors/moderators turned out to be rather selective... With the 95%+ rejection rates in mind, I submitted several letters, all equally technical and all containing insights not really that far intellectually behind those that were eventually published (the...

Thank you! Indeed corporates are also taxed. So for currencies we subtract Mr. Baker's estimated revenue of $33.3bn (not questioning the assumed U.S. 1/4 share in that market), and for government bonds, we subtract $27.7bn, giving around $60bn in total, or - after the 1.25x 'current money'...

After receiving plenty of feedback from the trading community (thank you all), and having finally located the primary source of the $150bn figure (Dean Baker's 2000 self-published article entitled "Taxing Financial Speculation - Shifting the Tax Burden from Wages to Wagers") I was able to make...

So we finally see what's inside. If you have access to any non-self-published media, then PM me now, because I've taken some time to write a brief critique of his assumptions. Essentially, they are very weak indeed. In fact the emperor has barely any clothes on. If media should by any chance...

..which is rather likely, given that the Managing Director of the IMF, Dominique Strauss-Kahn, has just "welcomed a proposal by U.S. President Barack Obama that major U.S. financial firms pay a fee to help the government recover losses from the financial crisis, saying this showed that the...

I'm afraid it is just wishful thinking - normative economists are again trying to save people from their (our) bad habits. In reality taxing capital creates a clear incentive to reduce its use. And even stock investors can reduce capital use with ease by increasing the very thing Tobin tax...

On Wednesday at around 8:32 GMT the BBC Radio 4's flagship Today programme featured an interview with Simon Johnson, professor of economics at the MIT and a former chief economist at the IMF, discussing banking system reforms. The interview, conducted by Evan Davis, included a direct question...

How about extending the simple heuristic Reg-T-like leverage limits to other markets with similar volatility? Especially to the market, where overleveraging caused the 2008 'credit crunch' crisis? Why not focus our regulatory zeal on those lower-middle-class 10:1 leveraged house market...

They did not, but did other things to you, including mixing with political opinion, discounting as local (not global) etc. But wait, do not retailate. First read the Wiki rule book. See if some law is broken, however minor, and only then challenge on this technicality. So if a tax proponent...

... and another one :) Abstract. If the Tobin tax in treated as a special case of a "sales tax", it becomes possible to estimate a "fair" tax rate for the financial transactions tax, one which would equalize the tax burden imposed on financial firms with that already borne by the Main Street...

I've just contributed a short analysis showing how quickly the Laffer curve peaks in case of the Tobin tax. The British case shows that it would be essentially pointless (no additional revenue would be raised) to tax US stock transactions at a rate exceeding the current level of marginal...

It would be well-timed if you sent that FT article/letter also to some of the British economists who published previously in the FT - their science funding has just been cut by 130 million GPB *more* than the 'promised' 180, so Brown is very unpopular in the academe as we speak... those 2-year...

Lord Stern (the economist who produced an influential political document on climate change, see http://en.wikipedia.org/wiki/Stern_Review) has just reconfirmed on air (Radio 4's Today Programme) that carbon markets are *the* source of anti-global warming funding, BUT added "that's the...

If the alternative considered by the IMF is insurance paid directly by the insured (i.e. mostly Western banks), countries without internationally significant banking sectors such as China or India would oppose any tax designed to inhibit capital flows (transactions mean not only outflows, but...

I wouldn't count on that - citizenship rule is unlikely to protect you from a transaction tax - it does not exempt you from UK's Stamp Duty... In fact transaction taxes are rather unique in the history of international tax laws in that it they manage to tax everyone, regardless of their...

It was on the table, but as one of the proposals least likely to succeed. A Guardian article on Monday singled it out as a deep out-of-the-money option: : "Less promisingly, France wants a levy on financial transactions."[1] The Tobin Tax didn't even make the shortlist of a summit insider...

The BBC seems to have taken our message on board, at least the bit we worked on. When reporting Brown's contribution at the Copenhagen summit, during the news bulletin at the top of the hour the reporter of the The Radio 4's flagship 'Today' programme, mentioned The Tax as the *last* of the...

Forgive me, but that's a very romantic and slightly... out-of-date view of the market making activities. In other words, you want your average girl to be 'good' and literally lie back and think of England as you do onto her as you please? No longer true, and has been false for years. The...