Tag Archives: tobin tax

Tobin tax: could it work? would it be desirable?

The BBC website has a head-to-head debate between a supporter and opponent of a financial transactions tax, more commonly known as a Tobin or Robin Hood tax.

Here is a flavour:

There are (at least) three fatal flaws in the plan. Firstly, it will not be the banks but savers and pensioners that foot the bill. Secondly, tax revenues could actually fall not rise as trade moves elsewhere, jobs are lost and the economy shrinks. Finally, instead of promoting stability, it could make markets far more dangerous … The tax did not work in Sweden, and it will not work now.

versus

The International

Posted in News | Also tagged | 30 Comments

The Independent View: The Robin Hood Tax

At the height of Make Poverty History back in 2005, in the Cabinet Room at No 10, Richard “Four Weddings and a Funeral” Curtis asked then PM Tony Blair, “would you mind if I showed you a video I’ve made?” It’s not the same as some bloke at work offering to show you his holiday snaps. So when Richard Curtis showed his new Robin Hood Tax video to some of the 85 national organisations supporting the latest big campaign in the TUC General Council Chamber earlier this month, we knew we were in for a treat. There’s already

Posted in Op-eds and The Independent View | Also tagged and | 61 Comments
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Recent Comments

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    You are correct re talking to the young or rather NOT talking enough to them.THEY. They are the future electorate AND possible recruits .MORE effort must be put...
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    @theakes I don't think Zack Polanski has any intention of expanding his base beyond Corbynites, which is no issue for him as in over doubling the membership thr...
  • Tristan Ward
    "This is a powerful condemnation of neoliberalism." No it isn't. As previously noted it is a set of whinges with a certain amount of inaccuracy (*). They ...
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    I think you could claim that a dogmatic insistance on a single ownership model has failed. Labour brought the "crowning heights" of the economy into public own...