Re: Bundesbank Rejects Tobin Tax

["Federico Todeschini" <todeschinisat@xxxxxxxxxxxxxx>]

I dont think that´s the issue here. I think that Paul try to demostrate that
the Tobin Tax would bing more negative than positive consequences, and
therefore it should not be adopted.

Federico

----- Original Message -----
From: "Harry Veeder" <eo200@xxxxxxxxxxxxxxxxxxx>
To: <pkt@xxxxxxxxxxxxxxxx>
Sent: Thursday, September 27, 2001 12:30 PM
Subject: Re: Bundesbank Rejects Tobin Tax


> A Tobin style tax could be used finance rebates for citizens.
> This would counter balance the negative consequences of a
> Keynesian stimulus.
>
> Tobin Tax is ineffective measure to stop volatility but there is
> no reason it can't have other positive effects. (I suggest
> if Paul Davidson became pro-Tobin tax for *this* reason, his
> proposal to prevent volatility will be taken more seriously.)
>
> Of course it will "hinder trade", but it is not going to stop trade.
> The world will not come to an end if Tobin style taxes are implemented.
>
> Harry Veeder
>