Financing sustainable development
mb...@my-deja.com
<P>
Introduction
Proposed by James Tobin, the Tobin tax is a very small tax (.25% to .50
% on speculative currency transactions only) that would hit only the
speculators - not ordinary citizens - and would not affect legitimate
trade in goods and services. The Tobin tax would help stabilize
currency markets thereby helping to prevent future currency crises and
the resulting economic meltdowns that shook the world. It would also
generate enormous revenue for assisting development in the Third World.
There is over $US 1.5 trillion moving around the globe daily - a small
tax on these financial transfers could raise $US 150 - 300 billion
annually! A small portion of the Tobin tax proceeds could make a
tremendous change, if invested wisely, in poorer countries.
Tobin tax links
<a
href="http://meltingpot.fortunecity.com/lebanon/254/develop.htm">Sustain
able Development resources</a><br>
<a href="http://venus.beseen.com/boardroom/t/25486/">Bulletin
Board</a><br>
Tobin Tax Initiative
Currency Exchange Fees
New Sources of Finance for Development
Rollback by Noam Chomsky.May 1995
Copenhagen Alternative Declaration. March 1995
Control options for international currency speculation
Sent via Deja.com http://www.deja.com/
Share what you know. Learn what you don't.