[P2P-F] Financial Transaction Tax ? - G20

Sat Nov 5 20:46:51 CET 2011

Transaction tax as tool for further concentration of non-democratic power
and a global government ?

///

http://en.wikipedia.org/wiki/Financial_transaction_tax

Euronews :

http://www.youtube.com/watch?v=EN5qHH68IvU

Sarkozy :

He said France, Germany and other countries supported the idea of a
financial transaction tax - and France would fight to make it reality.

"The G20 recognises the initiatives of some member states to tax the
financial sector, with various objectives including a tax on financial
transactions to support development," he said.

///

http://www.reuters.com/article/2011/11/04/g20-tax-idUSN1E7A302520111104

Nov 4 (Reuters) - A proposal for a financial transaction tax to raise new
new funding for poor countries failed to win the backing of the G20
although France President Nicolas Sarkozy said he planned to still pursue
the idea.

//////

http://www.tax-news.com/news/US_Lawmakers_Propose_Financial_Transaction_Tax____52325.html

US Lawmakers Propose Financial Transaction Taxby Mike Godfrey,
Tax-News.com, Washington04 November 2011

Senator Tom Harkin (D - Iowa) and Representative Peter DeFazio (D - Oregon)
have introduced bills in both sides of the United States Congress to place
a financial transaction tax (FTT) on trading activities undertaken by
banking and financial firms, with effect from January 1, 2013.
///

also see :

http://gco2e.blogspot.com/2011/11/robin-hood-tax-is-another-cruel.html

excerpt :

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.

http://www.globalresearch.ca/index.php?context=va&aid=27322

*"Ultimately, any Robin Hood Tax will most likely end up in a giant fund to
“ensure that banks are adequately capitalized”, and one which will be used
to bailout, or insure big bank losses and trillions in gambling derivative
bets gone bad.*

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"

...

"should first be asking if any government can be trusted to spend their tax
revenue responsibly"

On Sat, Nov 5, 2011 at 4:00 PM, natalie wrote:

>
> http://nationalmemo.com/article/financial-transaction-tax-nurses-union-defining-issue-democrats-occupy-wall-street
>
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