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From Toby Sanger-- I was surprised to see the IMF highlighting the potential virtues of a Financial Transactions Tax (FTT) on the front page of its website. The Bloomberg news service earlier had a good story about on the background of this idea, tracing it back to Keynes. This is a...

Democrats Turn Their Attention to Jobs http://www.cbsnews.com/blogs/2009/12/02/politics/politicalhotsheet/entry5864917.shtml Here are the proposals to pay for the jobs package: • Wall Street transaction tax: Rep. Peter DeFazio (D-OR) is leading the effort to make Wall Street bail out...

In economic news, Adam Posen, a member of the Bank of England's Monetary Policy Committee, called for taxes such as stamp duties and capital gains to be increased in line with asset price inflation to prevent price bubbles in the future. "If we can contemplate a Tobin tax on financial...

UN calls for football tax to fund education for poor children http://www.guardian.co.uk/football/2009/dec/02/un-calls-for-football-tax The proposal echoes growing calls for a Tobin tax on all foreign exchange trades, named after the Nobel prize-winning economist James Tobin, as a way of...

EU official says "Tobin Tax" not right way to go http://www.forexyard.com/en/reuters_inner.tpl?action=2009-12-02T170556Z_01_GEE5B11S2_RTRIDST_0_EU-FINANCIAL-TAX A "Tobin" style tax on financial transactions is not the best way to raise cash for bank bailouts, a senior official from the...

Stopping deforestation with a Tobin tax http://www.guardian.co.uk/commentisfree/cif-green/2009/dec/02/deforestation-tobin-tax

This is from a friend this morning "Interactive Brokers ramped up it's retail trading business by lowering the cost to buy and sell 200 shares of GOOG to $2. Ameritrade charges $14, and Schwab charges $10. The transaction tax on that trade is $580. It is clear that the retail trading business...

IBD article Proposals To Spur Hiring Costly, Likely To Swell Federal Deficit http://www.investors.com/NewsAndAnalysis/Article.aspx?id=514000 Although the EPI plan has a financing source and could theoretically fit, both Treasury Secretary Timothy Geithner and House Speaker Nancy Pelosi...

--------- <i>No question shorter term the key dynamic is the international one. Especially France and the current UK leadership want to use this to "reign in" America globally</i>

The key dynamic domestically that could feed this legislation going forward http://cohort11.americanobserver.net/latoyaegwuekwe/ Still, Shierholz digs deeper. "People define middle class as people who have a certain set of aspirations... owning a decent house in a safe neighborhood, having...

INDIAN CORPORATE LAW Recently, the UK government proposed the levying of a ‘Tobin tax’ or a financial transactions tax to recover the cost of bailouts in recession situations. The proposal has not won many supporters; indeed, India is one of the countries which has opposed the tax...

Robert Oak http://www.economicpopulist.org/content/support-building-tobin-tax The main issue for a Tobin tax to be successful is it must be uniform and implemented globally. It's amazing how difficult it is to get the general public to shift that paradigm. Claims a Tobin tax is radical...

Republican Support Sought For Senate Financial Overhaul Bill http://www.easybourse.com/bourse/actualite/republican-support-sought-for-senate-financial-overhaul-bill-768133 "You could leave the unresolvable issues out and go with what you can resolve," suggested Sen. Mike Crapo (R., Idaho)...

Russia Russia won’t resort to taxing capital flows to curb the ruble’s advance, Klepach said in the interview. “The central bank and the government have no plan to introduce something like a Tobin tax,” Klepach said. “We don’t think such a type of restriction would be...

more from revshark http://www.thestreet.com/story/10635462/1/trading-tax-why-its-misguided.html http://www.thestreet.com/print/story/10635462.html What could be more appealing to politicians hungrily searching for revenue than a trading tax on those wealthy Wall Street firms that have...

------------ But this doesn't just have to do with the financial sector, it has to do with all the infrastructure that supports the new more democratic market. You can speak about this in ways people understand. Website designers for sites like realmoney.com or cbs marketwatch.com...

Cramer reverses his stance on stock-trade levy http://www.nypost.com/p/news/business/no_tax_holiday_sVt8LxJeCRvhthtwaugnuJ#ixzz0YRZTiBTU After spending much of the Thanksgiving weekend on the defensive, TV loudmouth and well-known stock picker Jim Cramer yesterday backed away from...

No Shortage Of Progressive Policies To Create Jobs AND Lower Deficit • Financial transaction tax. EPI’s American Jobs Plan is financed entirely through a financial transaction tax beginning three years after implementation, which would pay for the entire program. Brad DeLong thinks that...

French Mins Want Global Financial Tax To Fund Development-Report PARIS (Dow Jones)--The world's leading economic countries should implement a coordinated tax on the financial services sector to help fund sustainable development, two French government ministers said Tuesday, in an article for...