1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
It's interesting when you read the actual questions that were asked in this polling mentioned above. This is directly from the Oxfam website:
FTT Question asked: Some campaigners have called for the government to introduce a tax on bank transactions. This would be a tax between financial institutions and not on routine banking transactions of high street customers. Some argue that this would be a fair way of raising much needed funds for the government whilst others claim that this will make financial services more expensive and would be unworkable without the backing of all other countries.
â¢Question in UK, Spain, Italy and The Netherlands: To what extent would you support or oppose a tax on the UKâs financial institutions if the money raised went towards protecting public services and tackling poverty at home and abroad?
From this form of questioning people assume this is only a tax on financial institutions (banks) and therefore won't pertain to them. If the same folks were asked if they would support a direct tax on them and their investments I'm sure the majority would oppose. I still think thats a big problem with this tax. The politicos are selling it as a tax on the big bad banks and the public doesn't know any better.
This is my favorite quote from the oxfam release:
Elise Ford, Head of Oxfam Internationalâs EU office, said: âThis poll shows that a Robin Hood Tax on banksâ financial transactions could be the most popular tax in Europeâs history."
-Guru
Juncker decides to throw himself a lifeline: -
http://www.bloomberg.com/news/2011-...ea-transaction-tax-is-possible-wort-says.html
http://www.bloomberg.com/news/2011-...ea-transaction-tax-is-possible-wort-says.html
Juncker Says Euro-Area Transaction Tax Is Possible:
http://www.bloomberg.com/news/2011-...ea-transaction-tax-is-possible-wort-says.html
Luxembourg Prime Minister Jean- Claude Juncker said a financial-transaction tax just for the 17- nation euro-area is possible depending on what products are targeted by it, Luxemburger Wort said, citing an interview.
âI am aware of the risks for the financial sector if the euro zone alone introduced a transaction tax,â Juncker told the newspaper in the interview published today. âIt depends what products will be affected by it.â
Juncker said he âwill stick to the principle of a transaction tax even if some people in Europe and in Luxembourg have a different view,â adding that âit will be some time before thereâs an agreement on a transaction tax,â according to the newspaper.
I find it interesting that he makes mention of what products will be affected by a FTT. I know France has previously mentioned taxing currencies. So I'm sure different countries have different ideas about what instruments could be taxed. That just adds another layer of potential disagreement. But again I don't see even an Eurozone FTT happening but if it did it would be a disaster.
-Guru
http://www.bloomberg.com/news/2011-...ea-transaction-tax-is-possible-wort-says.html
Luxembourg Prime Minister Jean- Claude Juncker said a financial-transaction tax just for the 17- nation euro-area is possible depending on what products are targeted by it, Luxemburger Wort said, citing an interview.
âI am aware of the risks for the financial sector if the euro zone alone introduced a transaction tax,â Juncker told the newspaper in the interview published today. âIt depends what products will be affected by it.â
Juncker said he âwill stick to the principle of a transaction tax even if some people in Europe and in Luxembourg have a different view,â adding that âit will be some time before thereâs an agreement on a transaction tax,â according to the newspaper.
I find it interesting that he makes mention of what products will be affected by a FTT. I know France has previously mentioned taxing currencies. So I'm sure different countries have different ideas about what instruments could be taxed. That just adds another layer of potential disagreement. But again I don't see even an Eurozone FTT happening but if it did it would be a disaster.
-Guru
Fucking looters.
Can someone please resurrect and update the FTT supporter charity blacklist? Maybe we could have a wiki for this? I would be happy to contribute time to maintaining it.
How about a database. Individuals and organistions in favour, their activities supporting this, quotes, etc.
Good starting place:
http://robinhoodtax.org/whos-behind-it/supporters
http://robinhoodtax.org/whos-behind-it/the-coalition
'No excuses' on FTT despite G20 doubters:
http://www.gfsnews.com/article/1431/1/_No_excuses__on_FTT_despite_G20_doubters
"The European Union should push on with a financial transactions tax despite opposition within the G20, its leading architect has said."
Anni Podimata MEP, writing exclusively for Global Financial Strategy today, urges the European Commission to seize the "momentum" as it carries out a key impact assessment.
This quote takes the cake:
She adds that only the "most speculative and damaging transactions" such as high frequency trading or naked short selling would be made more "expensive" as a result.
LOL. These idiots are clueless. If my math is correct a FTT would make all transactions more expensive. Unbelieveable.
-Guru
http://www.gfsnews.com/article/1431/1/_No_excuses__on_FTT_despite_G20_doubters
"The European Union should push on with a financial transactions tax despite opposition within the G20, its leading architect has said."
Anni Podimata MEP, writing exclusively for Global Financial Strategy today, urges the European Commission to seize the "momentum" as it carries out a key impact assessment.
This quote takes the cake:
She adds that only the "most speculative and damaging transactions" such as high frequency trading or naked short selling would be made more "expensive" as a result.
LOL. These idiots are clueless. If my math is correct a FTT would make all transactions more expensive. Unbelieveable.
-Guru
This Bono-supporting World Vision leader Reverend pushing tax lunacy while not exactly living in poverty himself on (reported) $300K a year:-
http://www.youngandgrumpy.com/2008/12/paris-hilton-vs-tim-costello-in.html