I approve the Tobin Tax but ONLY if ALL nations accept it. A EU tobin tax would just mean all the industry Financial services industry moving from London to Switzerland.
I like Ellen Browns argument more. The investors are make many trades with around 0,25% gain each. Introducing a 0,1% tax will equal to around 40% tax for them and that's before sales tax. Nobody will trade at a 80% tax on gains when there's a chance to lose money too. (high frequency trading). Should be globally discussed or not discussed at all. A shame they don't take a look at James Tobins other ideas from that presentation, all of the ideas were on negative income tax W/O inflation.
The phrases they always come out with are that it will: "Decrease growth", "hinder business", "lose jobs" - They said the same about the minimum wage...
Equality hurts business and forcing them to pay their tax values hurts... He seems to explain "lets be honest" as, "they will never pay it so lets give up".
We need trade blocs to change legislation at the same time and FORCE them to pay.
Was never the biggest GO fan but thought the abuse he gets is massively unwarranted.
But this clip is very refreshing. He seems extremely honest and not without balls telling the others round the table how it is and to basically stop wasting time.
I approve the Tobin Tax but ONLY if ALL nations accept it. A EU tobin tax would just mean all the industry Financial services industry moving from London to Switzerland.
iownall12able 1 month ago
I like Ellen Browns argument more. The investors are make many trades with around 0,25% gain each. Introducing a 0,1% tax will equal to around 40% tax for them and that's before sales tax. Nobody will trade at a 80% tax on gains when there's a chance to lose money too. (high frequency trading). Should be globally discussed or not discussed at all. A shame they don't take a look at James Tobins other ideas from that presentation, all of the ideas were on negative income tax W/O inflation.
Jubiixd 3 months ago
The phrases they always come out with are that it will: "Decrease growth", "hinder business", "lose jobs" - They said the same about the minimum wage...
Equality hurts business and forcing them to pay their tax values hurts... He seems to explain "lets be honest" as, "they will never pay it so lets give up".
We need trade blocs to change legislation at the same time and FORCE them to pay.
headphones222 4 months ago
Was never the biggest GO fan but thought the abuse he gets is massively unwarranted.
But this clip is very refreshing. He seems extremely honest and not without balls telling the others round the table how it is and to basically stop wasting time.
Hats off.
OneBigRetard 4 months ago
Get to the point man.
Pimpmasterjazz 4 months ago
fuck the pensions
jgig22 4 months ago
Comment removed
blueragebull 4 months ago
Who ever voted for this excuse of a man - kill yopurself.
PHONEYPOLITICS 4 months ago
Why isn't this reported on more?
blueragebull 4 months ago
Liar!
berserker1776 4 months ago