Monday, December 14, 2009

tobin tax

Gordon Brown is once again proposing that countries should impose a Peter Tobin tax for bankers in a concerted effort to reduce the effects of Global Warming. Naturally the Guardian is supportive on the imposition of such a tax on financial sector workers
So it is unclear why financiers' reluctance to pay a Tobin tax should count as a reason not to charge them. There are practical issues of implementation, but they are surmountable.
but I'm not convinced.

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