by Summary:
There was an article in the International Politics and Society journal (August 27, 2017) – Robin Hood had the right idea – which continues to demonstrate, how in my view the Left has gone down a deadend path with respect to financial market reform and re-establishing a credible progressive agenda. The sub-title of the article ‘Why the left needs to deliver on the financial transaction tax’ indicates that the author, Stephany Griffith-Jones, who has long advocated positions I am sympathetic too (particularly wirht respect to development economics), thinks a financial tax is a viable strategy for the Left to push. The problem is that none of these ‘Robin Hood solutions’ are viable and are based on faulty understandings of the way monetary systems operate.... Bill Mitchell – billy
Topics:
Mike Norman considers the following as important: financial transactions tax, progressivism, Robin Hood taxes, Stephany Griffith-Jones
This could be interesting, too:
There was an article in the International Politics and Society journal (August 27, 2017) – Robin Hood had the right idea – which continues to demonstrate, how in my view the Left has gone down a deadend path with respect to financial market reform and re-establishing a credible progressive agenda. The sub-title of the article ‘Why the left needs to deliver on the financial transaction tax’ indicates that the author, Stephany Griffith-Jones, who has long advocated positions I am sympathetic too (particularly wirht respect to development economics), thinks a financial tax is a viable strategy for the Left to push. The problem is that none of these ‘Robin Hood solutions’ are viable and are based on faulty understandings of the way monetary systems operate.... Bill Mitchell – billy
Topics:
Mike Norman considers the following as important: financial transactions tax, progressivism, Robin Hood taxes, Stephany Griffith-Jones
This could be interesting, too:
Mike Norman writes The debt delusion — Michael Roberts [book review]
Mike Norman writes A Modern Money Explanation — J. D. Alt
Mike Norman writes Bill Mitchell — When the Left disgraces itself
Mike Norman writes Bill Mitchell — Modest (insipid) Green New Deal proposals miss the point – Part 2
There was an article in the International Politics and Society journal (August 27, 2017) – Robin Hood had the right idea – which continues to demonstrate, how in my view the Left has gone down a deadend path with respect to financial market reform and re-establishing a credible progressive agenda. The sub-title of the article ‘Why the left needs to deliver on the financial transaction tax’ indicates that the author, Stephany Griffith-Jones, who has long advocated positions I am sympathetic too (particularly wirht respect to development economics), thinks a financial tax is a viable strategy for the Left to push. The problem is that none of these ‘Robin Hood solutions’ are viable and are based on faulty understandings of the way monetary systems operate....Bill Mitchell – billy blog
Progressives should move on from a reliance on ‘Robin Hood’ taxes
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia