posted 16 November 2004 05:03 PM
I know (ok I think I know?) it has to do with moving money around electronicly (sp)and in some ways helped to destroy the Mexican economy. Has anyone written, in language I can understand, just how slowing the 'transfer of funds' and a 1/2 of 1% tax would work? What would be the tax benefit be?
From: Williams Lake, BC | Registered: Feb 2004
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miles
rabble-rouser
Babbler # 7209
posted 16 November 2004 05:05 PM
I posted this on another thread and am not sure how to link it.
Mazie do you mean the tax created by James Tobin in about 81 or so?
He proposed the idea of a tax on foreign exchange transactions against all countries equally. From this a tiny amount -- I do not remember how much -- would charged on every single currency exchange to prevent currency speculation.
posted 16 November 2004 06:29 PM
Thanks, Miles, You Rock.
That is the best site I've ever seen. Welcome to the club. "Club Babble" that is. Can I ask more questions, like The Bank of Canada and why the government moved Infrastructure borrowing from the Bank of Canada to private banks like the Royal and BMO? It simply seems, to me, that it makes more sense for the Bank of Canada to make those loans and collect the intrest. Which could then show up in a fund for more loans. Am I too gulible?
From: Williams Lake, BC | Registered: Feb 2004
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Ron Webb
rabble-rouser
Babbler # 2256
posted 16 November 2004 09:44 PM
quote:Originally posted by Mazie: Can I ask more questions, like The Bank of Canada and why the government moved Infrastructure borrowing from the Bank of Canada to private banks like the Royal and BMO? It simply seems, to me, that it makes more sense for the Bank of Canada to make those loans and collect the intrest. Which could then show up in a fund for more loans. Am I too gulible?
(This actually belongs in a separate topic. Someone should start one. Hey, I got a great idea! Why don't I start one?
From: Winnipeg | Registered: Feb 2002
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DrConway
rabble-rouser
Babbler # 490
posted 17 November 2004 10:49 PM
Canada's Parliament, incidentally, passed a motion supporting, in principle, the imposition of a Tobin Tax. Even Paulie boy voted for it, har har.
In true federal Liberal tradition, he said a lot, and did Sweet F-All.
There's a cool poster you can order for free from either the UK or the Australian pro-Tobin-Tax activist groups, and you should definitely try to get it. I have one as well.
From: You shall not side with the great against the powerless. | Registered: May 2001
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radiorahim
rabble-rouser
Babbler # 2777
posted 18 November 2004 12:50 AM
quote: In true federal Liberal tradition, he said a lot, and did Sweet F-All.
The finest Liberal tradition indeed!
From: a Micro$oft-free computer | Registered: Jun 2002
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Mazie
rabble-rouser
Babbler # 4957
posted 18 November 2004 04:16 AM
So, the liberal government has voted in favour of the Toben Tax and has not seen fit to implement it? Want to give me a reason "why not".... If Paul and friends voted in favour... No Never Mind.
From: Williams Lake, BC | Registered: Feb 2004
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Mazie
rabble-rouser
Babbler # 4957
posted 18 November 2004 04:19 AM
So, the liberal government has voted in favour of the Toben Tax and has not seen fit to implement it? Want to give me a reason "why not".... If Paul and friends voted in favour... No, Never Mind. self explainatory....
From: Williams Lake, BC | Registered: Feb 2004
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posted 16 November 2004 05:03 PM
