Originally posted by Tupac Shakur
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Should countries enact a Tobin tax?
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Stamp tax, I think it's called. Sort of silly...
By the way, transactions whose price and quantity are reported provide market discovery, which is a positive externality. If anything, they should be subsidized.
Blithely claiming that volume drives volatility ignores the empirical and theoretical evidence which both imply (weakly) the opposite.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Originally posted by KrazyHorse View PostStamp tax, I think it's called. Sort of silly...
By the way, transactions whose price and quantity are reported provide market discovery, which is a positive externality. If anything, they should be subsidized.
Blithely claiming that volume drives volatility ignores the empirical and theoretical evidence which both imply (weakly) the opposite.
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a financial transactions tax is a good idea, if implemented properly, and could raise a substantial amount of money.
Research on the possible revenues from a financial transactions tax published by Tax Research LLP in 2010 suggested that total global yields from a tax of one half of a basis point (one 200th of 1% or 0.005%) on spot and derivative foreign exchange dealing would raise approximately $33 billion annually, while a tax at a similar rate on exchange-traded and over-thecounter bond, gilt, derivative, swap and other trades could yield approximately $118 billion per year."The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.
"The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton
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Originally posted by Hauldren Collider View PostTaxing transactions sounds to me like the kind of tax with the maximum possible deadweight loss.
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