Bastian Brandt

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Global Economy needs an imposition of a financial transaction tax on trades in financial instruments.

Global Economy needs an imposition of a financial transaction tax on trades in financial instruments. A Tobin tax is both doable and desirable to prevent wild currency fluctuations. The world needs it now more than ever.

Stiglitz, J. E. (2012, February 29). Retrieved from

There is no true democracy when big money finances campaigns and when corporate interests are favored over the interests of the people and equality.

The socialization of losses and the privatization of unearned profits have to be made impossible and forever forbidden.

We as world citizens, we all want the same, yet we trust those who divide us more than we trust each other. A world society that is informed of what is truly going on is the only world society that can not be fooled and divided by the interest of a few and the only world society that will be able to establish a truly transparent social economical and democratic system that serves all world citizens equally.

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    Mar 2 2012: europe is dead
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      Mar 2 2012: Amen.
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      Mar 7 2012: ?
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        Mar 7 2012: europe is dead if such a proposal can be uttered without immediate outrage or laughter following. such ideas should be treated on par with ideas like "we should kill all pandas, so the panda problem is solved". the fact that such thing is accepted shows how far off europe is from reality.
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          Mar 7 2012: He who suggested this proposal, Stiglitz, J. E. is a Nobel prize winner for economics and I see the biggest problems the world has very closely related to our current economical system.

          And such a measure would make speculations that make some richer and the rest of society poorer unprofitable.
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        Mar 7 2012: nobel winner hayek and nobel winner friedman would also think that we have a problem with our systems, and that such a tax is one prime example of what's wrong with it.
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        Mar 7 2012: ah, so statist econ professors, on the payroll of the state, tells us that the free market, and not the state is responsible. not frannie and freddie, not the fdic, not the fed, not the special bank laws, not the many distortions put there by the state. but speculators. yeah, not suspicious at all.
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          Mar 7 2012: I just send you an e-mail a few hours ago, yeah that the monetary system isn't perfect and neither are the laws that govern it, I mean that it can be abused and that we need to find a way to stop this abuse, because in the end it is a legal theft of those who produced goods and services.

          In the e-mail I included this short video, I am still interested what you think of it:

          What I just a few minutes ago came across is a campaign that calls to action and a guy that on his own started something that has now become incredible big:

          (need to scroll down to see the documentary)