Search results

Here are the three main problems: * Low cost index funds would be hurt. Far from discouraging excessive risk taking, the tax would discourage long term index fund investing in favor of riskier strategies. The Vanguard 500 Index fund, as Mike Santoli pointed out in Barrons, would...

More on the Tobin Tax http://taxprof.typepad.com/taxprof_blog/2009/11/more-on-the-tobin-tax.html links to numerous articles

Greg Mankiw Is a Tobin Tax feasible? http://gregmankiw.blogspot.com/2009/11/is-tobin-tax-feasible_27.html The Tobin tax--a tax on financial transactions--is very much in the news. Before one gets to the issue of the desirability of such a tax, one has to address the question of...

Icap's Spencer rails against Turner's 'socially useless' claim http://www.efinancialnews.com/privateequity/index/content/1055908087 The City of London's highest profile broker has said he was “genuinely offended” by the assertion made by Lord Adair Turner, chairman of the Financial...

IMF studying bank transaction tax option - Lipsky a reuters report http://www.reuters.com/article/bondsNews/idUSN3015550520091130 Lipsky noted a Tobin tax, first proposed by Nobel laureate James Tobin in the 1970's, was restricted to foreign exchange transactions and intended to...

Why a Financial Transactions Tax Makes Sense Alain Sherter http://industry.bnet.com/financial-services/10005212/why-a-financial-transactions-tax-makes-sense/ Michael Ettlinger, vice president for economic policy at Washington, D.C., think tank Center for American Progress, favors...

trader tax next on bloomberg tv for those of you who have access quotes: "less transactions so less craziness, and a pot of money to help future bailouts" "really really tiny percentages" "we wouldnt feel this probably" a very poor treatment of the subject the interviewee...

Les Leopold A Tobin Tax on all Wall Street financial transactions also would move money from the financial sector to the real economy. A small fee would have almost no impact on 99 percent of Americans who invest long term for retirement or to pay for college. But the fee would dramatically...

Shape of jobs creation bill unclear ahead of White House summit http://thehill.com/homenews/house/69675-shape-of-jobs-bill-unclear-ahead-of-white-house-summit Pelosi last summer signaled support for the $600 billion, 6-year transportation reauthorization bill, which was reported out of...

I hope everyone notes the Reinhart quote From the Bloomberg article posted earlier by rsikit: <b>Vincent Reinhart, a former U.S. Federal Reserve economist, says the collapse of the financial system in 2008 left the public so angry that a proposal as radical as a transaction tax just...

Church challenged to broaden its moral scope http://www.indcatholicnews.com/news.php?viewStory=15243 Lobbying governments to honour their commitment to the Millennium Development Goals was a key issue, in her view. She complained that the UN target of richer nations providing 0.7% of their...

Tyler Durden on zerohedge: Tobin Tax Opponents Are Ignoring The Real HFT-Induced Trading Toll; Why VWAP Is A Gold-Mine, But Not For You With the debate over Tobin tax increasingly appearing on the front pages of the mainstream media, we thought we would revisit a theme discussed previously on...

Bill O'Brien on the transaction tax http://www.forbes.com/2009/11/25/transaction-tax-obrien-intelligent-investing-direct-edge.html Steve Forbes: What regulations do you fear right now, potential regulations? Bill O'Brien: I guess that I think regulations that I fear most are ones that...

I want to chime in now on the thread theme of the likelihood of the passage of this Defazio Bill. I see two equal and opposite errors. One is the Alan Farley (and many others) it will never happen mantra, and the other is the cynical one where is it almost or actually inevitable. Both are...

realmoney debate still going http://www.thestreet.com/p/dps/cc/columnistconversation1.html Timothy Collins Back to Jim 11/27/2009 5:34 PM EST I wasn't a contributor then with that tax issue. However, my post wasn't about right or wrong, it is that "perception is reality." We spent...

Blog comment typifies too much thinking on this I posted the Las Vegas newspaper editorial on my blog and got this response-- http://www.kendallharmon.net/t19/index.php/t19/article/26735/#401243 Such a tax would deter speculators who produce nothing of social value. With such a tax in...

Felix Salmon on the trader tax http://blogs.reuters.com/felix-salmon/2009/11/27/against-liquidity/ So yes, let’s throw some sand into the wheels of the repo market, either through a Tobin tax or through the Miller-Moore amendment or both. Because liquidity is not ever and always a good...

cramer still backtracking Why do i have to oppose this tax with my last breath? I am saving that breath to maintain the low levels of dividend and capital gains tax that i stuck my neck out and campaigned for endlessly,. Did anyone here help me do that? Tim? Rev? Were you on board? Also...

Krugman Should Read the Literature on Tobin Taxes Krugman wrote an article that appeared yesterday in the NYT defending the Tobin tax, a tax on financial transactions, as a sensible way to "deter financial speculation." Financial speculation by itself is not a problem, is a solution, and...

Hal Uy The 100% Trader Tax Rate 11/27/2009 12:25 PM EST The uproar I'm hearing from fellow traders is that most of the public and politicians don't understand that it is not a tiny transaction tax but rather a tax of 100% of income for traders. We could live with a higher tax on our NET gain...