As I was saying over there it seems like a time limited Tobin Tax to prevent capital flight may be in order. A 5-10% tax on capital transfers out of countries could prevent a great many bank runs. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
In Europe the problem with a Tobin tax is that the Commission will take it out. What's needed in the EU is European regulation, not national regulation. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
