Robin Hood Tax

[dreamdancer 0]

sounds good to me

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[rushmc 18]

Fixed the title for you

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Andrewwhyte 1]

Well all taxes can be considered to be robing (sic) someone. But what about this tax? The levels proposed do not appear to be debilitating to the financial industry. As a citizen of a trading nation I find it hard to lose my nut over a .01% tax on currency exchanges. The real issue is that everyone has to be on board or the financial sector will rapidly shift towards the low or no tax region. Since the assets are virtual the cost of moving is miniscule compared to other regions.
Are you against this tax is it simply because you are idiologically unable to support any increase in taxation, or because you think this particular tax has flaws?

[GeorgiaDon 340]

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Fixed the title for you

Is this an "emperor has no clothes" kind of thing?

Don

_____________________________________
Tolerance is the cost we must pay for our adventure in liberty. (Dworkin, 1996)
“Education is not filling a bucket, but lighting a fire.” (Yeats)

[lawrocket 3]

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sounds good to me

Note: Robin Hood stole from the rich. The rich made their money through taxes. The poor were poor because the government taxed them into it.

Thus, I am actually in agreement with you. Let's get the money from the government and give it back to those from whom it was taken. Let's leave some for the government to provide necessary services, i.e., making sure roads and defense and interstate disputes are managed, and give the rest back

My wife is hotter than your wife.

[billvon 2,400]

>Fixed the title for you

Skitt's Law in action.

[dreamdancer 0]

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sounds good to me

Note: Robin Hood stole from the rich. The rich made their money through taxes. The poor were poor because the government taxed them into it.

the rich (the 1%) were rich because they owned the land - much as the rich own most of the countries assets at the moment. the rich landowners (the aristrocracy) decided to tax the poor to pay for their religious wars (sound familiar) - hence robin hood

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[dreamdancer 0]

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The world's second-richest man and a group of American nurses on the frontlines of the Occupy Wall Street protests came to the G20 summit in Cannes, France this week to advocate for the same thing.

Bill Gates came because French President Nicolas Sarkozy asked him to give G20 leaders recommendations on how to raise funds to meet the needs of the world's poorest. Among Gates' proposals: a small tax on trades of stocks, derivatives, and other financial instruments, also known as a financial transactions tax (FTT), Wall Street speculation tax, or the Robin Hood tax.

According to an advance copy of Gates's report, "FTTs already exist in many countries, where they generate significant revenue, so they are clearly technically feasible. According to the IMF, 15 G20 countries have some form of securities transaction tax. In the seven countries where the IMF estimates revenue, these taxes raise an estimated $15 billion per year."

http://www.commondreams.org/view/2011/11/03-7

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[kallend 1,623]

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The world's second-richest man and a group of American nurses on the frontlines of the Occupy Wall Street protests came to the G20 summit in Cannes, France this week to advocate for the same thing.

Bill Gates came because French President Nicolas Sarkozy asked him to give G20 leaders recommendations on how to raise funds to meet the needs of the world's poorest. Among Gates' proposals: a small tax on trades of stocks, derivatives, and other financial instruments, also known as a financial transactions tax (FTT), Wall Street speculation tax, or the Robin Hood tax.

According to an advance copy of Gates's report, "FTTs already exist in many countries, where they generate significant revenue, so they are clearly technically feasible. According to the IMF, 15 G20 countries have some form of securities transaction tax. In the seven countries where the IMF estimates revenue, these taxes raise an estimated $15 billion per year."

http://www.commondreams.org/view/2011/11/03-7

The last thing that needs to happen is pouring billions into the hands of international bureaucrats with an agenda.

You want to help the poorest in the world? Donate directly to the charity or NGO that supports your beliefs and cause. Whether you believe in education, clean water, health services, skills training (or whatever) there is an organization out there that can use your support.

The smaller the organization the better.

I'd suggest that first you research to find out what the "overhead" is, regardless of how big or small the charity.

...

The only sure way to survive a canopy collision is not to have one.

[StreetScooby 5]

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Skitt's Law in action.

Had to look that one up...
LOL

We are all engines of karma

[Zep 0]

"I'd suggest that first you research to find out what the "overhead" is, regardless of how big or small the charity. "

I see Oxfam came to your mind as well.

Gone fishing

[lawrocket 3]

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the rich (the 1%) were rich because they owned the land

Seeing as how the largest landowner in the US is the US government and it's the government that taxes people to pay for holy wars, it appears that refunds should be nicely due...

My wife is hotter than your wife.

[dreamdancer 0]

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the rich (the 1%) were rich because they owned the land

Seeing as how the largest landowner in the US is the US government and it's the government that taxes people to pay for holy wars, it appears that refunds should be nicely due...

land isn't so important now (that was the basis of the feudal system) - lots of other assets to control for the rich today. that's why 1% own 40% of the national wealth (to them the government is just another arm of their revenue collection service).

so you can see a robin hood tax on behalf of the poor will do very nicely...

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[dreamdancer 0]

gaining ground...

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President Obama too has supported the idea. Ron Suskind revealed in his new book Confidence Men that Obama thought the tax was a no brainer right after the banks collapsed the global economy -- until his economic team told him otherwise.

Behind the scenes, the “opponent in chief” has been U.S. Treasury Secretary Tim Geithner who has protected his friends on Wall Street by privately characterizing the tax as unworkable, easy to evade and not likely to bring in much income. Geithner doesn't just oppose the tax for the U.S., he has opposed the tax in the context of the G-20 and as EU member nations move forward to apply the tax in their member states.

Now the White House appears to be changing its tune. Reuters is reporting that the U.S. government is backing down from its long standing opposition to the tax.

http://www.commondreams.org/view/2011/11/04-0

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[Andrewwhyte 1]

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gaining ground...

Now the White House appears to be changing its tune. Reuters is reporting that the U.S. government is backing down from its long standing opposition to the tax.

http://www.commondreams.org/view/2011/11/04-0

But is the White House relevant? The failure of J. Carter as a president was epitomized (at least in my mind) by his signing international agreements (SALT II) that congress had no intention of implementing. I see Obama in a very similar light right now. He can agree to this tax all he wants, the House will not even entertain it.

[lawrocket 3]

You don't get it - when the federal government spends a third of GDP in a year it's a pretty good indication of where the wealth is.

You can talk about corporations all you want and what they control but if you take the ten most valuable corporations on the planet they would have a market capitalization of a little under $2.1 trillion. If they were liquidated and given to the US government, it would result in balancing the federal budget for 15 months. The federal DEFICIT is $3 trillion for 2010-2011 and 2011-2012 fiscal years.

Yeah. Keep talking about the wealth.

While you're at it, note that the policies that you stand behind have resulted in 1 in 15 Americans being considered impoverished. Yep. This is what the Great Society has wrought. The tens of trillions spent in the welfare state over these decades brought us to this.

I cannot help but think that the thinking you espouse is misanthropic considering the misery being wrought among the most vulnerable. Taxing the shit out of people has never seemed to end poverty. A world of equal misery is your dream, isn't it?

My wife is hotter than your wife.

[jakee 1,255]

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While you're at it, note that the policies that you stand behind have resulted in 1 in 15 Americans being considered impoverished.

Really?

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The tens of trillions spent in the welfare state over these decades brought us to this.

Did they?

Do you want to have an ideagasm?

[dreamdancer 0]

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gaining ground...

Now the White House appears to be changing its tune. Reuters is reporting that the U.S. government is backing down from its long standing opposition to the tax.

http://www.commondreams.org/view/2011/11/04-0

But is the White House relevant? The failure of J. Carter as a president was epitomized (at least in my mind) by his signing international agreements (SALT II) that congress had no intention of implementing. I see Obama in a very similar light right now. He can agree to this tax all he wants, the House will not even entertain it.

don't disagree. if this tax doesn't go ahead though things 'on the ground' will just heat up. it's going to take a decade at least to rein the 1% in - but that is what has got to be done...

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[dreamdancer 0]

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You don't get it.

your rhetoric is weak and ungainly - smarten your act up or the 1% will be very disappointed in their investment in you...

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[SkydiveJonathan 0]

The European push for a financial transaction tax received a boost Tuesday following the agreement by financial ministers from eleven nations to support such a levy during a meeting in Luxembourg.

The proposal, which was pushed aggressively by France and Germany, was also backed by Belgium, Austria, Slovenia, Portugal, Greece, Italy, Spain, Estonia and Slovakia.

Europe's staunchest opponents to the tax remain the UK, Sweden, Poland and others who fear that their financial markets would suffer as traders move their transactions to centers without such structures. This argument spurs FTT supporters to counter that this is why a global financial transaction tax is ultimately necessary so that the financial industry cannot duck its social responsibility by constantly moving operations to those markets with the least accountability to public service.

[Lefty 0]

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The European push for a financial transaction tax received a boost Tuesday following the agreement by financial ministers from eleven nations to support such a levy during a meeting in Luxembourg.

The proposal, which was pushed aggressively by France and Germany, was also backed by Belgium, Austria, Slovenia, Portugal, Greece, Italy, Spain, Estonia and Slovakia.

Europe's staunchest opponents to the tax remain the UK, Sweden, Poland and others who fear that their financial markets would suffer as traders move their transactions to centers without such structures. This argument spurs FTT supporters to counter that this is why a global financial transaction tax is ultimately necessary so that the financial industry cannot duck its social responsibility by constantly moving operations to those markets with the least accountability to public service.

Well, if anyone needed further proof of the true identity of SkydiveJonathan, here you go.

Provoking a reaction isn't the same thing as saying something meaningful.
-Calvin

[winsor 186]

Well, if anyone needed further proof of the true identity of SkydiveJonathan, here you go.

[masterrig 1]

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Well, if anyone needed further proof of the true identity of SkydiveJonathan, here you go.

Look, cut him some slack. He hasn't had full-time employment since his gig as the spokesman for pets.com dried up.

[SkydiveJonathan 0]

Meanwhile the global momentum for a Robin Hood tax increases.

[lawrocket 3]

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Meanwhile the global momentum for a Robin Hood tax increases.

Momentum for a lot of stuff is increasing. It doesn't make it good.

How's the momentum for "occupy" going right now? You were crowing about it last month.

My wife is hotter than your wife.