Global tax - help!

[Искра]

I didn't want to post this into Learning, because I don't see how can this help other people.

I need your help.

I have assignment to write my opinion on this statement:
"Without global tax we can't solve 'poverty' issue in Africa, and we can't make differences between rich North and poor South to disappear."

I would like to give me some leftist articles about this issue if you know. You can give me articles from every tendency but I would prefer Marx if he ever wrote something on this issue.

Thank you very much.

[Искра]

I wanted to delete this topic, but then I speak with Q and he said that we could start discussion from this.

So, what do you think will "global tax" help to solve issue in Africa? By "global tax" I'm talking about tax which will every human on Earth pay in one big "institution" which will deal with "poor countries". This is discussion I had at collage.

I don't think that this can help, because this is like you have flue and you wipe your nose. This wont make you healthy again. You have to go and deal with flue or in this case with capitalism.

[Muzk]

The so called "poor" south is very, very rich. But who's rich? Just not the people, but the capitalists having factories/whatever down there. Better abolish private property than do some bullshit global reform, which has to be done by the LEADERS OF THE WHOLE PLANET, which is another oxymoron since why would the ones enjoying the benefits of imperialism change it? :cool:

btw why do you need that many assignments now? you're a communist, you should be able to write LOOONG texts about those matters with your "backdoor" economical/political knowledge

[Искра]

I have 2 assignments for International politics.
I can write quite long texts about everything but I just asked people here if they know for some texts about this which I haven't read.

[Искра]

A Tobin tax is the suggested tax (http://en.wikipedia.org/wiki/Tax) on all trade (http://en.wikipedia.org/wiki/Trade) of currency (http://en.wikipedia.org/wiki/Currency) across borders. Named after the economist James Tobin (http://en.wikipedia.org/wiki/James_Tobin), the tax is intended to put a penalty on short-term speculation (http://en.wikipedia.org/wiki/Speculation) in currencies. The original tax rate he proposed was 1%, which was subsequently lowered to between 0.1% and 0.25%.
It should be noted that tax rates (http://en.wikipedia.org/wiki/Tax_rates) of this magnitude have been proposed by normative (http://en.wikipedia.org/wiki/Normative) exonomists, without addressing the practicability of these socially desirable levels of taxation. In positive economics (http://en.wikipedia.org/wiki/Positive_economics) studies however, where due reference was made to the prevailing market conditions, the resulting tax rates have been significantly lower.
Competitive pressure on transaction costs (spreads (http://en.wikipedia.org/wiki/Spreads)) in currency markets has reduced these costs to fractions of a basis point (http://en.wikipedia.org/wiki/Basis_point). For example the EUR.USD currency pair (http://en.wikipedia.org/wiki/Currency_pair) trades with spreads as tight as 1/10th of a basis point, i.e. with just a 0.00001 difference between the bid (http://en.wikipedia.org/wiki/Bid) and offer (http://en.wikipedia.org/wiki/Offer) price, so "a tax on transactions in foreign exchange markets imposed unilaterally, 6/1000 of a basis point (or 0.00006%) is a realistic maximum magnitude.[1] (http://en.wikipedia.org/wiki/Tobin_tax#cite_note-0) Assuming that the rate of 0.00006% causes no reduction of trading volume (http://en.wikipedia.org/wiki/Volume), the tax on foreign currency exchange transactions would yield just $4.3 billion a year, despite an annual turnover in dozens of trillion dollars.[2] (http://en.wikipedia.org/wiki/Tobin_tax#cite_note-1)
Similarly, if the transaction tax revenue from taxing the futures (http://en.wikipedia.org/wiki/Futures) markets were to be maximized (see Laffer curve (http://en.wikipedia.org/wiki/Laffer_curve)), with the tax rate not leading to a prohibitively large increase in the marginal cost (http://en.wikipedia.org/wiki/Marginal_cost) of market participants, the rate would have to be set so low that "a tax on futures markets will not achieve any important social objective and will not generate much revenue."[3] (http://en.wikipedia.org/wiki/Tobin_tax#cite_note-2)


http://en.wikipedia.org/wiki/Tobin_tax