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Support calls for the Tobin Tax

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minto grubb Donating Member (106 posts) Send PM | Profile | Ignore Tue Nov-04-03 04:25 AM
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Support calls for the Tobin Tax
Threads seem to move so fast here that I am cross posting this in all appropriate furums.
I call upon all progressive people to support the Tobin Tax.
The reason being that some people make a living speculating in currencies. If you are living in a desperately poor country, the effect of outsiders speculating with your curreny can be disasterous.
Yet the fact is that if a tax of less than 1% were imposed on currency exchanges, it would have minimal impact on tourism, but would be a serious detterent to currency speculation.
The money raised could run to billins of dollars, and should rightly go to the UN, to spend on health programs and other initiatives.
For more info on what Tobin Tax is about, and how to get involved, please click the link below
http://www.ceedweb.org/iirp/
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