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 Idiot: OZschwitz Prof. Ross Buckley and his pseudo-cure for a financial sickness

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RR Phantom

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Idiot: OZschwitz Prof. Ross Buckley and his pseudo-cure for a financial sickness Vide
PostSubject: Idiot: OZschwitz Prof. Ross Buckley and his pseudo-cure for a financial sickness   Idiot: OZschwitz Prof. Ross Buckley and his pseudo-cure for a financial sickness Icon_minitimeFri Dec 18, 2009 1:40 am
Barack Obama, Gordon Brown, Warren Buffett and George Soros all agree on one thing. This is rare. The super rich rarely agree with left-of-centre national leaders. It is even rarer for the super rich to call for a new tax. But Buffet and Soros are unusual. All four men support a financial transactions tax.

Such as tax would be a very small impost, perhaps about 0.05 per cent, that would be levied on all financial transactions globally. It would generate a torrent of funds, a veritable waterfall.

Revenue estimates vary, but reliable suggestions of more than $US500 billion ($555 billion) annually are common. These funds could do so much good: build reserves to insure against future financial crises; finance the adaptations required to combat climate change; more than halve global hunger and poverty in the next decade; and still have money left over to improve drinking water and health care in poor countries.

LNK
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