http://www.economicshelp.org/blog/economics/tax-on-currency-trades/ Economics Blog - current events and economics essays Thu, 18 Mar 2010 19:46:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.economicshelp.org/blog/economics/tax-on-currency-trades/comment-page-1/#comment-4907 matt Sat, 14 Nov 2009 01:33:34 +0000 http://www.economicshelp.org/blog/?p=1965#comment-4907 Your arguements are "speculative." There are so many holes i don't know where to begin. You say it could have "some limitations" as if those things are just liitle pesky problems that should not be allowed to get in the way. In reality each one you listed is reason enough that this tobin tax nonesense should be ignored forever. How about we let markets work and realize what a disaster the bailouts and tinkering with the system have been. Where is your proof that speculation caused the global financial crisis? God help the world if we keep thinking trying the same central planning and more government power will end up with different outcomes that have over and over again been the real "deadwieght welfare loss" Your arguements are “speculative.” There are so many holes i don’t know where to begin. You say it could have “some limitations” as if those things are just liitle pesky problems that should not be allowed to get in the way. In reality each one you listed is reason enough that this tobin tax nonesense should be ignored forever. How about we let markets work and realize what a disaster the bailouts and tinkering with the system have been. Where is your proof that speculation caused the global financial crisis? God help the world if we keep thinking trying the same central planning and more government power will end up with different outcomes that have over and over again been the real “deadwieght welfare loss”

]]> http://www.economicshelp.org/blog/economics/tax-on-currency-trades/comment-page-1/#comment-4874 Jo Mon, 09 Nov 2009 11:58:22 +0000 http://www.economicshelp.org/blog/?p=1965#comment-4874 There are all sorts of reasons that this has been nixed - the hazard that a fund for bailouts encourages rash behavior - not the least. Ultimately, it comes down to a simple formula: Wall St pays top-dollar for its Administration officials, Europe doesn't (yet). In the round, someone's got to be brave and ignore the so-called competitive disadvantage fairy tale. There are all sorts of reasons that this has been nixed – the hazard that a fund for bailouts encourages rash behavior – not the least.
Ultimately, it comes down to a simple formula: Wall St pays top-dollar for its Administration officials, Europe doesn’t (yet).
In the round, someone’s got to be brave and ignore the so-called competitive disadvantage fairy tale.

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