Saturday, October 27, 2012

EU Implements "Robin Hood" Tax

This is excellent. The reason is that speculative short term investment is seeking to transfer capital and wealth -and this tax will raise the cost of speculative transactions (thus encouraging longer term capital investment that adds jobs while growing/strengthening the economy). It's really a tax on gambling -and goes to the heart of some of our thoughts about transfers of wealth as opposed to meaningful creating of value.

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