I post a reference to an arcticle by a correspondent of mine Ellen Brown.
Ellen writes wspecifically about the American market, but the derivatives Market has global implications.
While defining it as gambling, and acknowledging it as requiring some sort of moderation and control, it is recognised as a source of wealth for some that should be taked for the greater good.
As a means of raising much needed government revenue for both the unemployed and the retired in a socialist democracy, I think a Tobin tax has much ot recommend it, as well as providing the necessary damper to the massive fluctuations distorting the market due to micro-trading.
FWIW
ONQ
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http://www.huffingtonpost.com/ellen-brown/how-brokers-became-bookie_b_643350.html
Ellen writes wspecifically about the American market, but the derivatives Market has global implications.
While defining it as gambling, and acknowledging it as requiring some sort of moderation and control, it is recognised as a source of wealth for some that should be taked for the greater good.
As a means of raising much needed government revenue for both the unemployed and the retired in a socialist democracy, I think a Tobin tax has much ot recommend it, as well as providing the necessary damper to the massive fluctuations distorting the market due to micro-trading.
FWIW
ONQ
------------------------------
http://www.huffingtonpost.com/ellen-brown/how-brokers-became-bookie_b_643350.html