re: #497 ozbloke

That Tobin/Robin Hood tax is one of the most sanctimonious, hypocritical, and ignorant things I have read in a long time. They grossly overstate the motives and nature of government spending. Is the Australian civil servict staffed entirely by saints and Old Testament patriarchs?

If you tax income from capital gains, why tax them again? Why not just add to the cap gains tax? Oh, you want to tax losses too? Because it’s always good when you take more, no matter from whom it’s taken? Wait, maybe you want to slow down international capital that flows largely into the settled, safer economies like Australia and the US? Maybe don’t kill the golden goose, but cut back on its feed and expect the same amount of golden eggs? What are the odds the percentage will stay where it is? I’ll tell you that’s also 1/20 of a percent. These clowns are giving me flashbacks of Bill Clinton crying on cue about how the rich need to pay ‘their fair share.’ The whole thing reeks of class warfare rhetoric and bad economics.