Monday, April 18, 2011

1000 Economists Agree on Something Good

link here to article

This article includes a letter to the G20 meeting in support of the Tobin Tax which collects a small fee on every financial transaction. It would be an easy way to raise billions in a time of need and it might have a an added benefit of limiting financial transactions that speculate on price changes on almost everything with a price.

The idea of the Tobin tax has been around for some time. The big surprise is getting 1000 economists to agree upon its implementation.

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