Yes, I know it is not a perfect idea, and has still to be thought through more, but, and this is the point. We have to try new ideas. Image the number of times in one minute a transaction is done by speculators, who in the end create nothing, only profits for themselves. They got us into this mess, time to make a payback.
We want THIS Tax, NOW
Tell your friends, enemies, politicians, anybody.
I bank with The Bank of America. The interest rate from the Bank of America is 0.5%. I have received a very nice letter from Barclays, informing me that my agreed overdraft facility will go up in April from 16.9% to 19.3%. Obscene.
Time to fight back. send this video to as many people as possible. Goldman Sachs thinks it is a bad idea, so it must be good for us. Goldman Sachs It seems that France will introduce a Tobin tax this year.
Monetary Fund – Paid for by the Tobin Tax
Most of the world knows Greece is having major financial troubles, brought on by years of mismanagement. Now it needs support from either the IMF or the United States. There are discussions going on, for Europe to create a European Monetary Fund, based on the International Monetary Fund or IMF idea.
If all existing members of the United States imposed the Tobin Tax, this would provide the new fund with substantial resources. Almost certain the US with it’s strong banking lobby would be against it, so maybe the existing members of the Monetary Union could do this. Naturally if the major centers of world finance want to put more control on speculators this Robin Hood Tax would help.
We should not let the banking community decide it’s own rules. Europe and the World, should decide what is best for all it’s citizens.