1/4% Tax on all stock trades pushed in NY Times today

Quote from rsikit:

Merkel even went as far as to mention Steinbrück's proposal for a tax on financial transactions to the other G-20 members. The idea had not, however, made it onto the meeting's agenda and has received little international support -- even though Steinbrück emphasized yet again that such a tax could help to fund, for example, expensive measures to fight climate change.


So far so good no support at the g20 got to love that!
More...

If this doesn't convince people that this tax isn't going to happen, I don't know what will. If this thing ever had a shot, it would have been discussed at the summit, and it never even made it onto the table as a serious topic. That should tell you what the chances are of this thing ever being passed. The only reason we are even hearing about it is because a small vocal minority supports the idea, but all they can do is yell about it - nothing is going to happen.
 
Dam hippies , greenpeace and save the world! I am all for finding ways to help the people in poverty but not off the back of my trading or someone elses as well not matter what or how they trade. I do not beleive in wealth distribution from rich to poor, I am not rich either :) I am more of a Darwinism type person survival of the fittest, thats how we got here thats how it should be.
 
Quote from listedguru:

G20 tasks IMF to probe 'Tobin Tax.'

Not sure what to make of this? It says the tax was discussed at the G20 but didn't make it in the final comminuque...

http://www.reuters.com/article/reutersComService4/idUSTRE58O5GW20090925

-Guru
More...
They're kicking the can down the road, and it will keep being kicked down the road. The IMF will of course be for this, but everyone knows this is a non starter and want to give the French and German polititians something to go tell their people that they accomplished.
 
not sure either but we need to know who the souce is first, becuase if it didnt make it on the the communiqye there was disagreement. So it could be a side person like the German Finance minister asking them about it. We all know from the past that IMF seems to be for this tax anyways so no surprise on what they think. We also know if you read articles that most countries ingnore IMF advice anyways esepcially the US. Read some other articles about the IMF and the world bank. The imf president is always European and world bank president is always American. Something they want to change this time, I just read they want these heads picked by qualifications not nationalities. So of course a lot of European since there is a lot of socialism out there want the tax. Anyways still good news since no real mention of anything important and epecially from the US. I would like to hear someone come out against it bu hey the lack of talking about it shows the lack of impotance jsut as the lack of even looking at the bill sitting in Congress since the begining of the year from Defazio. When I read further , it more or less states the IMF will be tasked with looking into policies not only the Tobin Tax , so the source maybe bitter and just trying to say thats what they are doing but who knows. Only thing I really care about day to day is something official which what ever officials things are out there so far do not mention this tax. I can forsee a lot of Europe wanting this but as we have seen in the past US doesnt not give up the right to sovernegnty for anyone on taxes. So we shall see but for now its all good, but will keep and eye on it and keep fighting the fight. Say thing happened in all the articles I read during the peso crisis, asian crisis and crash of 87, lots of governments talked about it but no one acted.
 
Quote from rsikit:

If you look back since the 90s its always been on the table at the IMF and even one person there , the chief economist was for it
More...

I have a bad feeling it will be different this time. I hope I am wrong.
 
You must log in or register to reply here.
Back
Top