This report was just as lame as their previous one -- just another guy reciting what he's read on wikipedia and various articles/blogs -- saying that it needs to be international -- offered no insight on the upcoming jobs bill -- put in zero effort into getting feedback from people that matter.
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
This report was just as lame as their previous one -- just another guy reciting what he's read on wikipedia and various articles/blogs -- saying that it needs to be international -- offered no insight on the upcoming jobs bill -- put in zero effort into getting feedback from people that matter.
Exactly!!! The only way this tax has a chance in the U.S. is if they do it internationally. This is why next years G-20 summit will be the one to watch. Hopefully, the Obama administration will stick to it's guns and not support it. If we can get by one more G-20 summit without anything happening with this tax, we'll be in really good shape, as the U.K. Prime "Schmuck" Gordon Brown's re-election seems highly unlikely in 2010, as the conservatives in the U.K. are likely to win the elections there big time.
Shark does a great job speaking out against the tax.
Why not enter a reader comment at the bottom of his article giving the URL to a different petition? That's the purpose of this thread. To get our viewpoint out in each of the articles that pop up about this topic immediately to ensure our viewpoint is heard.
Snide comments in this thread about fellow supporters isn't productive to the cause.
Everything I've read about the U.K. Conservative Party is that they have same economic viewpoints that the Republicans have here in the U.S. The policy's they share are lower taxes, and smaller Government.
Here is some information on the U.K. Conservative Party: The Conservative Party under the David Cameron has directed it's stance on taxation, still committed to the general principle of reducing direct taxation while arguing that the country needs a "dynamic and competitive economy", with the proceeds of any growth shared between both "tax reduction and extra public investment". This doesn't sound like someone that would support the Tobin Tax.
IMF: Tobin Tax a Possibility
http://blogs.wsj.com/economics/2009/11/30/imf-tobin-tax-a-possibility/
November 30, 2009, 3:38 PM ET
By Bob Davis
In Pittsburgh, the G-20 leaders asked the International Monetary Fund to review a financial sector tax that could be used to pay for shutting down battered megabanks and other financial institutions whose failure could threaten, once again, the global economy. One model is the Federal Deposit Insurance Corp.âs insurance pool in which banks pay in to a fund that is tapped to pay for the disposal of failed ones.
In a speech today in Vancouver, the IMFâs deputy managing director, John Lipsky, gave the IMFâs fullest account of what the Fund is up to. While specific proposals arenât expected until the spring, he was open to the idea of a so-called Tobin tax â a small tax on foreign exchange transactions.
IMF Managing Director Dominique Strauss-Kahn initially dismissed the idea of a Tobin tax, but after the U.K. and others countries objected, the IMF has made clear it will examine the idea.
http://blogs.wsj.com/economics/2009/11/30/imf-tobin-tax-a-possibility/
November 30, 2009, 3:38 PM ET
By Bob Davis
In Pittsburgh, the G-20 leaders asked the International Monetary Fund to review a financial sector tax that could be used to pay for shutting down battered megabanks and other financial institutions whose failure could threaten, once again, the global economy. One model is the Federal Deposit Insurance Corp.âs insurance pool in which banks pay in to a fund that is tapped to pay for the disposal of failed ones.
In a speech today in Vancouver, the IMFâs deputy managing director, John Lipsky, gave the IMFâs fullest account of what the Fund is up to. While specific proposals arenât expected until the spring, he was open to the idea of a so-called Tobin tax â a small tax on foreign exchange transactions.
IMF Managing Director Dominique Strauss-Kahn initially dismissed the idea of a Tobin tax, but after the U.K. and others countries objected, the IMF has made clear it will examine the idea.