"Gar Lipow" <[email protected]> wrote:
> The proposal uses fairly standard percentages recommended by economists. > The revenue is a happy side effect. The main point of the tax is to reduce > leverage, bubbles and to some extent volatility. If you don't agree that a > financial transaction tax is a worthwhile way to accomplish those goals then > say so. But I can't see how one can intellectually support the idea of such a > tax, but see the size as too large. In any theory in which a transaction tax > is > a source of stability rather than merely a means of raising revenue, the size > if the proposed tax is on the conservative end of what is normally proposed > for that purpose. http://www.marxist.com/Europe-old/tobin_tax_and_ATTAC_400.html has a Marxist analysis of the tax. There are better approaches to taxation than a FTT. -- Ron
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