So the idea of this tax, as expressed by its proponents, is to beard the currency speculators.
Yes, that is their argument, but remember, making a statement about something does not necessarily make it true.
The fact is, (which these socialists and intended do-gooders of the world will never understand --or they do not want to understand), is that speculators would not be there if they did not think they would get a benefit out of their actions. AND... most importantly... they do not understand that these speculators ANALYZE the events PRIOR to their taking actions...
It is their analysis that leads them to take action.
So then.... Why do they do what they do ?
Because the actions of the leaders of the countries in questions yield, as a result, the discrepancies in values of the respective currencies that motivate the speculators to take action in the currency markets.
Socialists simply just DO NOT GET IT (or they do not want to get it)...
So they dream up these thesis with absolute no proof, or with an imaginary tone and the more complicated to describe and understand all the better...
Bottom line is that such a tax would NEVER deter the speculators anyway since they will look at the "tax" as another factor in the "cost of doing business" ...
And that is EXACTLY what the taxing bureaucrats hope for, since in the end it is the $$$$ what they are after.
Do they REALLY believe that we all "eat"their reasoning ? do they really want to evaporate the existence of the currency markets ?
Of course they do not. What they want is their unearned share of the pie, as the leaches that they are, they simply use the excuse of the "benefit of the many" at the sacrifice of the [evil] few to extract more $$ out of those who can create $$ in the first place.
How come they do not dream up a scheme where they would impose a tax on the stupidity of the respective politicians and bureaucrats?
Ah ... I suppose this is an intangible thing that cannot be measured eh ? The better question is.... how come devaluations occur only when inefficient measures are put into action ? the speculators do not have ANYTHNG to do with that... worse... if the speculators do not intervene, it is possible that these policies could be perpetuated and make matters worse in the end ?
Bottom line.... As quoted in one of the initial posts in this subject, Mencken said that...
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.
~ H.L. Mencken
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Ah yes.... but I forget that they also said that this tax would not be "politically motivated or based". It is merely based on 2 premises...
1) avoid speculation and
2) making the system more efficient.
Yeah right... and I am wonder woman too... |
