On Mon, 9 Mar 1998, Durant wrote:
> (Elinor:)
> > The first thing I'd like to do is a bit tax on financial movements, which, would
> > slow down some of the financial speculations.
> >
> >
>
> It has been tried in various countries, did not
> make a lot of difference. Our entrepaneurs complain, that
> that others make the profits they should have.
> That they are not allowed to make all the money
> that they would selflessly invest to provide
> millions of lovely jobs...
>
> I'm afraid, there is not a lot you can do
> for speedy improvement in the capitalist framework.
> We are at the point where most things have been tried and was found
> wanting.
>
> Eva
>
Ahem, for the record. To date the bit tax has not been tried. It
is regularly criticized, especially by those who haven't looked at it in
any detail. Ditto, for the Tobin tax. Hmmmm. Wonder why??
arthur
