[lbo-talk] Epic OWS tax policy presentation

[Max Sawicky]

Robin Hood tax has become a generic term. There are innumerable ways to
design one, a tricky business.  One way is to have a coordinated rate and
have each government collect on transactions done in their own exchanges.
Another would be some kind of international fund (world government!)
dedicated to some noble global endeavor.

There is a very small such tax in the U.K.  Fun facts, Bush the first's Secy
of the Treasury Brady once proposed one.  Larry Summers once endorsed such a
tax.

Dean Baker at cepr.net has written a lot about this.

2011/10/27 Ferenc Molnar <ferenc_molnar at hotmail.com>


>
> Darn, if the video led with the elegant and slightly weasely "K-RUG" guy
> who knows how to let the rhymes flow instead of the rather stiff "D.J.
> Moneypenny" I'd be forwarding this video.
>
> But I'm also more than slightly confused about the push for this "Robin
> Hood Tax". It seems to be a variation of the Tobin Tax that groups like
> ATTAC have been supporting. What was originally a tax on currency conversion
> is now, under the Robin Hood Tax, a currency on certain types of financial
> transactions?
>
> And the proceeds of the tax will go to whom? The 50 or so NGO's sponsoring
> the tax?
>
> I'm not vehemently anti-NGO, I definitely believe that some are better than
> others and some are excellent but much of NGO money goes into perpetuating
> the structure of NGO's themselves. And they often, Bono-like, share the same
> bed with the global financial organizations that they are tasked with
> ameliorating. Perhaps it's time to revive the critique of the World Social
> Forums and NGO culture of the mid-2000's... a critique I can barely
> remember.
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