A good idea? Jeffrey Sachs explains

[hipeter924]

It's Ronald Reagan...no wait...regulation...*gets confused*

[xRamirox]

Awesome guy!

[wensofia]

whoop whoop.. :) enjoyed it!

[MrDumbpublic]

"In Sachs' track record with post-communist economies, his critics see a man eager to advance grandiose visions of social engineering irrespective of their costs."

from the artice:

The Evolution of Jeffrey Sachs (google it for a balanced view)

Just to give a balanced view against the 'appeal to authority' fallacy being used by RHT propaganda machine. Show me one presentation by Sachs or RHT mob addressing the MANY dangers of this proposition, no more emotive and populist claptrap please.

[libertopian]

He's honest: one of the main reasons for this tax is to provide an extra source of revenue for governments - governments which have spent too much and lost control of their deficits. It's just a money-grabbing exercise.

[binkiie4dictator]

@libertopian I agree completely, giving the government another source of income is just gonna see more MP's abusing an already fragile system. I am up for the tax, but we need to find a way that would allow a strict monitoring of the way the tax is spent. and severe penalties imposed for any breach of the spending of the tax

[jschwart37]

To other commentators: Jeff Sachs is a respectable economist. It's fine to disagree with his views, but if so then provide real reasons, not ignorant smears. If you want to know about him, read about him on Wikipedia. (Or just google Jeff Sachs.)

[MrDumbpublic]

@jschwart37 "Jeff Sachs is a respectable economist" ok, to half the reviews out there, however the other half think he is a complete disaster..especially if they live in Poland or Russia... they are not too respectfull LOL.

Also reading the book reviews on Amazon is very revealing....don't you just love the internet.. some very well educated people make some very damning observations about Mr Sachs !

[mizzoulibertarian]

this guy works for monsanto. he is pushing gmo seeds. he srewed up russia for the oligarchs during the 90s and we will have to deal with that for a long time. i can't believe people buy his BS

[fingleweed]

this is just another con

[DanzAzzie]

@fingleweed It's far from it.

[Fight4Privacy]

Something stinks about this whole RobinHoodTax, why would politicians and actors care so much about this tax?

[johninnit]

Agreed with f1nK3L90 - It's not charities that signed up to the Millennium Development Goals, but nations. Those nations are now rather lacking in cash thanks to the bailout and recession after the crisis caused by the financial services sector, and will find it hard to fund the MDGs they agree are so important. This tax would help the bankers put right the damage they've done by contributing to the vital work their crisis has jeopardised.

[ArmyFtBall]

When certain charitable organizations are no longer satisfied with charitable donations from individuals & try to modify countrys tax codes to FORCE money to come to them, theres a problem.

This sets a HORRIBLE precedent. Every idiot will want to initiate taxes on anything & everything to fund their organizations.

[f1nK3L90]

why do you think the tax is to fund organizations? the reason i am asking is because most of the taxes i am familiar with raise revenue for governments, and in fact, so, i believe, is the financial transactions tax.