>From: Philip Lyth <[EMAIL PROTECTED]> >Date: Fri, 16 Jan 1998 10:17:18 +1300 >Subject: RE: Tobin Tax and a Universal Basic Income > >this is getting off MAI, but I am posting because it is >a) a reply to earlier posting and >b) an issue that may interest some progressive MAI activists > >feel free to mail me off-list >______________________________________ > >The Alliance in New Zealand campaigned in the 1993 and 1996 elections on >a platform including a Financial Transaction Tax or FTT (a type of Tobin >Tax). It proposed a tax of 0.1% on all withdrawals from bank accounts, >and would allow the abolition of NZ's Goods and Services Tax of 12.5%. >It would, as noted by others, have an impact on arbitrage and >speculations - the trillions of dollars daily exchanged in the money >markets. The policy got noticed - the Government parties spent a lot of >time attacking us. > >One estimate is that currently, payment for goods and services accounts >for less than 2% of the currency market - the other 98% is trading and >speculation. > >Some NZers are working to develop a FTT of say 0.5% to replace income >taxes and allow introduction of Universal Basic Income or UBI - the >payment of an income to every citizen, reflecting the massive >productivity of technology, and reflecting the contribution to society >of those in unpaid work such as raising children or voluntary activity > >I would like to hear from anyone working on / interested in FTT and/or >UBI > >Regards >Philip Lyth >Executive Secretary to John Wright MP >Wellington NZ >http://www.alliance.org.nz >http://www.alliance.org.nz/bios/john.htm for a thumbnail bio >http://www.alliance.org.nz/releases/mai.htm what we say on MAI > > > > >> -----Original Message----- >> From: [EMAIL PROTECTED] [SMTP:[EMAIL PROTECTED]] >> Sent: Wednesday, January 14, 1998 4:25 PM >> To: Bob Olsen >> Cc: [EMAIL PROTECTED]; [EMAIL PROTECTED] >> Subject: Re: Tobin Tax >> >> Thanks, Bob, I have located the Tobin Tax information now. >> >> I note that it relates only to an international tax on foreign >> currency >> transfers, designed to effect currency traders. My interest is the >> actual >> replacement of personal, corporate, sales and property taxes by income >> generated from a similar tax (perhaps 0.5 cents per dollar) on all >> national >> transactions and stock transfers. The Tobin tax could be applied to >> International transactions and fund the United Nations and other >> international needs. >> >> Keep your eye open for someone who might be developing this. >> >> John Gile, Victoria, B.C. Canada >> --------------------------------- >> NEW! - Canadian Government holds month long public hearings, >> - extensive details about Multilateral Investment Agreement >> NOW REVEALED TO THE PUBLIC !! >> ----------------------------------------------------------------- >> >> See them at http://www.islandnet.com/~ncfs/maisite/ >> ================================================================= >> >> >> On Tue, 13 Jan 1998 16:17:19 -0500, you wrote: >> >> > >> >>From: "Canadian Action Party" <[EMAIL PROTECTED]> >> >>To: <[EMAIL PROTECTED]> >> >>Subject: re : tobin tax URL >> >>Date: Tue, 13 Jan 1998 15:03:03 -0800 >> >> >> >>TO : Bob Olsen >> >> >> >>Try this site www.serach.com. Once you are there enter the string >> Tobin >> Tax >> >>in the search box. You will find some interesting URLs >> >>on the requested Tobin Tax issue. >> >> >> >>Canadian Action Party . snip snip >On the topic of videos, 'Someone Else's Country' is a story of what >happened in NZ from 1984 on. About 100 minutes. Produced independently >(not by a major production house, surprise surprise.) Uses file footage >from the period, and looks at the effect on, and lack of involvement of, >ordinary New Zealanders. > >We in the Alliance liked it and used it to remind people what had >happened. > >Any interest for copies overseas? At a guess, we could probably get >copies away for NZ$40 / US$25 by airmail. Depending on response, I can >get a proper pricing. I'd also need to check out PAL / NTSM or whatever >the different TV systems are. > >Regards >Philip Lyth >Executive Secretary to John Wright MP >Wellington NZ >http://www.alliance.org.nz >http://www.alliance.org.nz/bios/john.htm for a thumbnail bio >http://www.alliance.org.nz/releases/mai.htm what we say on MAI > > >
