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

I am sure the IMF agrees with the tax they have most of the time. But all they do is report and give advice that most countries do not take
 
Some European governments, notably France, had pushed for fixed quantitative limits on bonuses in the financial sector, but that approach was not included in the draft. The United States opposed it as politically unfeasible.


If this was said about pay for bankers from the U.S. I doubt they would feel any different on the tax issue that the same govermnets want. The imf wanted caps as well so much for them.
 
http://www.isria.com/pages/25_September_2009_232.php


Fininish Prime minister doesnt think tobin is good, here is the exerpt, the article is long and boring :)

Third, although financial regulation must be tightened we should be careful in designing regulations that address the key problems, not just make life more difficult for financial institutions. For example, I am not convinced that a general transactions tax or Tobin tax would serve a useful purpose should it be feasible. On the other hand, higher and more broadly applied capital requirements would seem necessary.
 
For those who have facebook I started a Anti Defazio wall street tax group. I noticed Defazio had a group on there for himself about himeslf so I started this on FB so if people search they might find this instead. So join please and add comments. Just search for" Anti Defazio wall street tax" It has only one member , me :) So far. Join here and put your thoughts down on it, its free and easy and it could grow
 
The independent is a real left leaning paper, they are putting their spin on it no worries, they said it was to aid the poor as well, well we know that g20 was tasked with looking into options about anything. Those options were to pay back the debt from teh stimulus not aid the poor. Now remember, we are getting our tax money paid back little by little as each company pays it back with interest. Barney Frank had said in the past it is not on the table, he and his committe makes these rules not the IMF they have no authority. We do not usually listen to what they say. A few years ago when and IMF economist started pushing for the tax and for the UN to get some more power, what happened, the US pushed for him to be fired. And he was, his name is Joesph Stiglitz, I am sure u came accross that name when looking into the tax. So keep in mind Europes spin on this tax , merkel talked about it becuase she mentioned in the dayhs leading up to the g20 so the media runs with anything they have. Search for the offical g20 communique it is not in there. Merkel pushed for it I think or atleast mentioned it becuase she was with her left leaning counterpart in Steinbruck who called for it, but his party just lost the election and he will not be the finance minister once Merkel appoints someone if you read from her party which is pro business and pro cutting taxes. Now she is fully in charge and the socialist part of her coalition is done. The next g20 meeting is in about 9 months from now , so no worries until then and until we see if the IMF even likes it or talks about it. The tax itself was not the only thing IMF is looking at it stated in the communique a range of options. But now that Merkel is in power I bet she wont be as vocal about it, there are pretty interesting articles out there that talk about her just saying it for the sake of the election.
 
There was an article I read , and I will try and find it out of Europe that said Merkel and Sarkozy were to bring it up at the g20 knowing alot of people will not put it on the agenda or want it just for posturing purposes for their country.
 
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