Thread: Robin Hood Tax

Coqauvin, realize that even a so-called "small percentage" change is still going to have far-reaching consequences.

I get that the common person generally wants more stable financial markets in order to minimize the effects of the boom and bust cycles, but there's a fundamental flaw to me to have a government espousing inflationary spending on luxury programs and then asking businesses to foot the bill.

I'm ok with diverting some of the money in the financial sector (particularly derivatives because, as Scarf described pretty accurately, the market is so far removed from any actual production) into the production and non-financial services sectors. But this type of tax only makes it more difficult for businesses to continue production and improve employment.

Originally Posted by Atmoscheer

Coqauvin, realize that even a so-called "small percentage" change is still going to have far-reaching consequences.

I get that the common person generally wants more stable financial markets in order to minimize the effects of the boom and bust cycles, but there's a fundamental flaw to me to have a government espousing inflationary spending on luxury programs and then asking businesses to foot the bill.

I'm well aware that a 'small percentage' will amass a huge amount. I don't really see anything wrong with insisting that businesses, especially ones that have proven to be extremely successful, are forced to foot a bill for the public. I mean, we just had a number of businesses fail, ones that don't produce concrete goods or wealth, and the rest of the public footed the bill to fix that.