Even Socialist Worker isn't enthused: A Tobin Tax wonât solve the problem http://www.socialistworker.co.uk/art.php?id=19837
http://allafrica.com/stories/200912151055.html Something to look for when Obama comes to town, the EU and Africa want some more taxes.
I am so sick and tired of reading about these organizations (and goverments) wanting to tax anything and everything. Pretty soon we'll be paying a tax on every breath we take. This is out of control. Sorry for the rant, -Guru
I know aviation , ttransactions etc... its getting to be ridiculous! I am a Darwinism type person survival of the fittest, just like trading. We do not have enough money as it is. We shouldnt have to tax everything we do to give to the poor. Especially when we have our own homeless and mal nourished people in this country. Start with them before another country. These people including France's clown, state financial taxes for revenue for their own country and then also fro development. They cannot make up there mind. Sarko wants to seem like he is saving the world, but he is just a weak clown with no clout. If the US ever passed or agreed to global taxes you know the revenue would goto the US not 3rd world. It would be used to save the gerbil or mice in the fields in Nancy Pelosi's district just like last year! I just do not want Obama to cave to this to try and be a savior for his image and the so called American image abroad. He better care what people think at home becuase we will be the ones voting his ass out.
http://news.google.com/news/url?sa=...ews/environment/copenhagen/article6958078.ece If you read this article, it says Gordon Brown is running around at these meetings trying to get support from world leaders for the transaction tax. Obama is due at this meeting on Friday, and you can bet that Brown will be up his ass about it. According to this story, the U.S. will be allowed to buy it's way out of adopting a more stringent target on cutting greenhouse gas emissions in a compromise bring brokered by Britain. President Obama is unlikely to increase his previous offer on emissions when he joins the Copenhagen climate change summit on Friday. He will instead be expected to make a significant financial commitment to a global climate protection fund. What would that significant financial commitment be? Hopefully, not agreeing to a global transaction tax. I am now worried sick.
They talk of all this legally binding stuff in Copenhagen, but it still needs to go thru legislation here in the US especially anytype of global levy.
Forgiving me ignorance here, but let's say Geithner agrees to a "global" transaction tax at the G-20, or Obama agrees to it at Copenhagen, would this proposal still have to pass the U.S. House and Senate, or could they be bypassed? If it still has to go through Congress, then I'm not too concerned about it, because it won't pass there, whether Geithner/Obama endorsed it or not.