Skip to main content

View Diary: updated:The Horror! EU proposes introducing Financial Transactions Taxes! (101 comments)

Comment Preferences

  •  agreed, but if the US and UK will not join (11+ / 0-)

    it is hard to implement globally, that is what has held other countries from implementing the FTT up until now. They need to stabilise the financial system and robbing the incomes of the poor, working class and middle classes to pay for the stupidity of the banks is literally stupid from the perspective of their own interests of profitability and economic growth. The lies of Hayek and Friedman to justify their greed are actually threatening their own system. Now I don't care about the system, but I do care about the impact of another economic crash on the vast majority and this can be avoided at least in the short and intermediate run by decreasing wealth and income inequality.

    "Hegel noticed somewhere that all great world history facts and people so to speak twice occur. He forgot to add: the one time as tragedy, the other time as farce" Karl Marx, The Eighteenth Brumaire of Louis Bonaparte .

    by NY brit expat on Wed Sep 28, 2011 at 10:35:20 AM PDT

    [ Parent ]

    •  Spot on. (4+ / 0-)

      Since this idea has to be forced upon Congress and Parliament by we, the voters, perhaps this theme can help sell the FTT to the broader electorate:

      We know the damage done to us by bankers' and traders' unrelenting, insatiable greed. The Financial Transaction Tax is the price they must pay to help clean up their mess.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site