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Democratising Globalisation: The Leverage of the Tobin Tax
Barnes and Noble
Democratising Globalisation: The Leverage of the Tobin Tax
Current price: $47.95
Barnes and Noble
Democratising Globalisation: The Leverage of the Tobin Tax
Current price: $47.95
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But, the major problem has aways been the lack of political will. Tobin and his supporters have always assumed that the only feasible way to implement the new tax would be for all major financial centres to agree to it simultaneously. Dr Patomäki demonstrates that it is possible to proceed without universal consensus, and develops the idea of a Tobin tax organization (TTO) that would implement and supervise the process. The potentially huge annual revenues - eventually as much as $1 trillion - could be used for economic and social purposes determined globally, reviving the prospects of humanity moving towards a more just world order.