Currencies and the Global Capital Markets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: X Y Zebra who wrote (3296)	3/19/2002 12:21:11 PM
From: SofaSpud	Read Replies (1) of 3536

I very much agree that the tax is a bad idea -- I was merely questioning the assertion that it would be too complicated to enact. It is a bad idea for two principle reasons. First, introducing "friction" to a market is unlikely to result in a Pareto improvement. Second, providing an independent source of funding to the U.N. is inappropriate. The U.N. has demonstrated that it is undemocratic. It is a place where despots and looters have excessive influence. Its guiding philosophy is the political correctness of the elites, unsullied by input from their inferiors. A world government along the lines of the present U.N. would be the E.U. writ large. If I were British, I would be watching the E.U. experiment with the horror of an impending train wreck. Ceding sovereignty to more remote and less democratic bodies is an act of faith unjustified by the apparent perspicacity of E.U. officials. As a citizen, I would prefer to be under the thumb of a city-state than a supra-national organization.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next