Sarkozy announces French financial transaction tax
French President Nicolas Sarkozy has announced plans to introduce a tax on financial transactions.
The 0.1% levy will be introduced in August regardless of whether other European countries follow suit.
The tax is part of a package of measures set out by the president to promote growth and create jobs.
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"What we want to do is create a shockwave and set an example that there is absolutely no reason why those who helped bring about the crisis shouldn't pay to restore the finances," he said.
http://www.bbc.co.uk/news/world-europe-16783520
MannyGoldstein
(34,589 posts)and has been for 30 years.
At least in France the 99% are finally hopping on the ClueTrain. Here, not so much... yet.
Zorro
(15,749 posts)and know how to handle it.
onehandle
(51,122 posts)Conservative President of France = Left of Any President in Our Lifetimes.
loudsue
(14,087 posts)There is actually a thread up claiming the the US is a center left country. Hard to believe people on DU accept that.
As for the tax, it's a great idea. But .1%
dimbear
(6,271 posts)rather than what it is now, gambling. Computer driven trading makes markets unresponsive to the needs of people. A little tax solves that problem.
Amonester
(11,541 posts)All those 65 years-young he robbed 2 years off of their pension.
I bet the Socialists will propose a 1.0% tax (and decriminalize cannabis and tax it).
FailureToCommunicate
(14,020 posts)Aller Sarkozy, nake de Wall Street tremblent!
David__77
(23,479 posts)With derivatives especially. I certainly hope that this putrid man goes down to defeat, but hopefully not to be replaced by something even worse, which the Socialists are more than capable of.
Granny M
(1,395 posts)I hope that 'plans to introduce' actually become a reality, and that it's not watered down or completely derailed.
DeSwiss
(27,137 posts)[font size=5]Hey!!! I'm NOT in the barn!!! I'm out HERE!!! Dummy!!![/font]
- It's getting so you can't have faith in any of our corporate-approved leaders anymore.......
_ed_
(1,734 posts)implements a financial transaction tax. Our liberal US President?