One thing to watch for is if any statement comes out of the g-20 meeting about this thing, so far nothing.
This will definately get talked about at the G20: http://www.guardian.co.uk/world/2009/aug/27/g20-tobin-tax-poverty-aids
The protestors will be there but lets see if any countries bring it up, so far stuff coming out of it has been about the exit strategies and caps on bonuses today, which Geitner who is there was not in support of.
If the G20 ministers actually start seriously discussing this, that's when it will be the time to worry.
Yes I agree, we know at every g-20 , g-8 , imf or wto meeting there is always protestors for this tax they call them hippies So we also know that some of the g-20 countries like the tax, we know some have had it and repealed it but when most start talking about it then its time to worry.
Its got all the hype right now because we are near one of these meetings and the people are trying to get it talked about there!
You forgot to add in the Global Transaction Tax. The Global Tax would be in addition to the US Tobin Tax. And the US Tobin Tax would be in addition to the already high Ordinary Tax. So, each Financial Transaction would be taxed 3 times.
Yeah, someone's paying someone for all this media coverage - it ain't coming from nowhere. I can't believe that finance ministers would seriously be stupid enough to try to throw grit into the gears of the world's financial machine, especially not under current circumstances.
What Global Transaction Tax are you talking about? There's no global authority to tax anything. Not Yet!