Re: Local Currency Article

[Mbindnerdc@aol.com]

Pete,

My point is that whatever you tax, you reduce (the power to tax is the power to 
destroy) - although I was not aware that it was only for international 
transactions - which would be a problem for a one-worlder like myself.  If 
there are no nations the tax would go away.

Mike

In a message dated 12/10/2002 12:50:23 PM Eastern Standard Time, 
PBottissr@aol.com writes:

>Mike! The Tobin Tax is proposed to only tax international money transfers. By 
>their own description it is a Robin Hood Tax that robs the rich to give to 
>the poor. Therefore it could not be described as a fair tax. The odds that 
>all the industrial nations would simultaneously adopt it would be highly 
>unlikely. However the concept it uses debiting transactions at the point of 
>origin is certainly the Ideal way to increase the tax base to the maximum and 
>the tax rate to the minimum, it would raise the most taxes from those who 
>have the most and still be fair and equal at the same time. The concept is 
>used on My proposal found on the URL <A 
>HREF="http://www.taxmoney-notpeople.com/";>www.taxmoney-notpeople.com</A> Paul 
>Bottis 
>SR. pbottissr@aol.com
>
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