Is it time to consider tobin tax, wonders RBI governor

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Uploaded by on Nov 17, 2009

In 2006, when the first wave of capital infows hit Indian shores, then RBI Governor YV Reddy wondered aloud if a tobin tax should be considered. He was shouted down by stock markets which were enjoying the liquidity driven rally. Three years later, Brazil has already imposed a tobin tax on currency transactions.

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  • why can't we just get the drug dealers, murderers, in fact all criminals to run our governments ...oh wait ...they already are...

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