Fair Taxation For All

Fair Taxation for All (Tobin Tax).

We the undersigned, propose that a Tobin type tax should be imposed on all investment, derivative and currency trades by investment banks and brokerages at a flat rate of 0.001% of the trade value. This must be imposed even if the trade is cancelled before completion. A rate of 0.001% would have little impact on the everyday investor ($1 tax for a purchase of $1000 in shares). It would ensure that high frequency trades, day trades and other risky activity provide a trickle down to the real economy.

As the national debts of nation states increase, an unsustainable burden is being placed upon those who contribute to the real economy.

The revenue generated could be used to fund large infrastructure projects which would provide high value employment opportunities which would benefit all of society. Governments must seek new and innovative ways to fund services and we believe that this is a fair way to do it.