A Financial Tax with a different objective

["Harry Veeder" <eo200@xxxxxxxxxxxxxxxxxxx>]

Actually Paul did not show it will have more negative consequences
than positive consequences. (He has not done a cost benefit
analysis on such a tax.) He showed the Tobin Tax will not achieve Tobin's
objective of reducing volatility.

Since "Tobin"  in the term "Tobin Tax" means a tax on international
financial transactions with the objective of reducing volatility,
then it is time to propose a tax (with a new name) which is similar
in implementation to the Tobin Tax but has a different set of objectives
which are achievable.

Personally I believe currency speculation should be taxed in particular,
so that the beneficial effects of speculation flow to all people,
instead of just the professional speculators.

Harry Veeder

----------
>From: "Federico Todeschini" <todeschinisat@xxxxxxxxxxxxxx>
>To: <pkt@xxxxxxxxxxxxxxxx>
>Subject: Re: Bundesbank Rejects Tobin Tax
>Date: Fri, Sep 28, 2001, 1:14 AM
>

>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