How to curtail the speculative global currency transactions? - world donor day
Hedge funds move through the markets of the world to create instability to undermine the real economy and progressive politics. Currency speculators trade with 1800-one billion U.S. dollars per day over the border - about 90% of the FX market speculative!
In the global economy, there is a lack of adequate funding for global problems such as disease, poverty and hunger. Global climate change, deforestation, population growth and unemployment, decline in fishing and pollution threaten the local communities around the world. Projects that help meet these needs and create jobs that could more than 400 billion U.S. annual cost dollars. Private donors do not meet requirements, and some countries have cut their aid budgets.
For the purposes of a Tobin tax
The main purpose of a Tobin tax is the enormous increase of speculative trading to reduce the foreign exchange markets. The potential for raising funds for essential needs is another important objective of this tax.
Each company would be taxed at 0.10 to 0.25%. This would discourageForward foreign exchange contracts, leaving the short term, but the long-term investment in production maintained.
The foreign exchange market thus restore the volume, shape national economic autonomy. United Nations could not intervene effectively to protect their own currency devaluation and financial crisis.
The Tobin tax, 100 to 300 billion U.S. dollars annually generated. These recipes can to the urgent global priorities such as reducing the impact of global warming, disease and poverty.
The revenues could trust fund urgent priorities for international funds.
Saturday, January 2, 2010
World Donor Day How To Curtail The Speculative Global Currency Transactions?
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2 comments:
The tax proposal sounds like an interesting idea. In a just world, I think it would be a good way to reduce speculation and investment. However, we must understand that it would never happen. What we think that investment firms, the big banks and brokers never go to a tax increase? Ever. They would fight tooth and nail. In addition, often have speculated that keep the economy floating. The flow of money and capital markets is to maintain the current economic system. Surely these people trying to earn quick money, but the name of the game. Retirement investments for people like me who work hard, have annual return of 7.11% without these risks in the short term? No. In fact, do hurt someone, but to themselves and the people who are willing to spend their money to donate them. While foreigners and development may be affected if these banks, because a sudden fear of losing a profit, dining, the capitalist economic system, based on those transactions. It mayfeed the poor to the rich to rob, but unfortunately I have doubts that this will change in the international system to stop it.
The tax proposal sounds like an interesting idea. In a just world, I think it would be a good way to reduce speculation and investment. However, we must understand that it would never happen. What we think that investment firms, the big banks and brokers never go to a tax increase? Ever. They would fight tooth and nail. In addition, often have speculated that keep the economy floating. The flow of money and capital markets is to maintain the current economic system. Surely these people trying to earn quick money, but the name of the game. Retirement investments for people like me who work hard, have annual return of 7.11% without these risks in the short term? No. In fact, do hurt someone, but to themselves and the people who are willing to spend their money to donate them. While foreigners and development may be affected if these banks, because a sudden fear of losing a profit, dining, the capitalist economic system, based on those transactions. It mayfeed the poor to the rich to rob, but unfortunately I have doubts that this will change in the international system to stop it.
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