that the land tax is a good idea, doesn't make the FTT useless ... Michel ---------- Forwarded message ---------- From: Dante-Gabryell Monson <[email protected]> Date: Fri, Nov 4, 2011 at 8:06 PM Subject: Tobin Tax - distracting from real reform ? To: [email protected] Robin Hood Tax is another cruel deception, distracting from Real Reform<http://gco2e.blogspot.com/2011/11/robin-hood-tax-is-another-cruel.html> http://gco2e.blogspot.com/2011/11/robin-hood-tax-is-another-cruel.html A Financial Transactions Tax is the exact opposite of a land value tax. Land is precisely localised. Transactions are completely delocalised.Land is a purely real economic factor. Transactions are purely non-real. Local taxes support local services through local government. Global taxes support global services through global government. But what arethese global services and public goods? Maybe global positioning satellites? Atmospheric monitoring? Scanning for asteroids impinging on Earth orbit? Patrick Henningsen is one of the few bloggers who understand, penning these http://www.globalresearch.ca/index.php?context=viewArticle&code=HEN20111026&... : "In many ways, the Robin Hood Tax is an identical transaction-tax scam to the one proposed by globalists at the 2009 UN COP15 Climate Summit in Copenhagen, where a number of new taxes on financial transactions and new carbon taxes would be put into a giant “slush fund” to be handled by none other than the World Bank." "In reality, a Robin Hood Tax does just the opposite of what its name represents. Rather than stealing from the rich and giving to the poor, it is designed to steal more money through taxation from working people- money which will end up directly in the hands of institutions like the US Federal Reserve and its cartel of Wall Street banks." The finance sector gets its money from land, money and monopoly rents, and by siphoning off savings and investments. Then they play "poker" with it. Collecting the gambling chips to feed them back via economic rents will be * completely* ineffective at best, at least from a systemic level! The Financial Transactions Tax has found wide acceptance, from the European leaders, the Vatican with their call for a world sovereign bank, and mainstream media. This alone should ring alarm bells among reformers. The reason for the support from the ruling elite is that it strengthens their political and economic interests due to its fundamental mis-design. -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens