Austrian government supports Tobin Tax

Austrian government supports Tobin Tax

http://orf.at/090901-42068/?href=http%3A%2F%2Forf.at%2F090901-42068%2F42069txt_story.html

Google Translation: http://translate.google.de/translate?u=http%3A%2F%2Forf.at%2F090901-42068%2F%3Fhref%3Dhttp%253A%252F%252Forf.at%252F090901-42068%252F42069txt_story.html&sl=de&tl=en&hl=de&ie=UTF-8

http://www.StopTobin.com

No matter who supports this, it is a disaster. It hoses the citizenry who have to now pay to their “Benevolent Rulers” a tax to avoid the inflation created by their “Benevolent Rulers”.

The is of course an easy way to stop outflows of money: Stop inflation. I know, Big Ben and his army of crazy counterfeiters would’nt like that and of course they rule the world.

See also great Willem Buiter at the fT on Tobin Tax: http://www.ft.com/cms/s/0/76e13a4e-9725-11de-83c5-00144feabdc0.html