France & Germany (again) Propose Raising Revs w/ Tobin ( robin hood) Tax on Financial Transactions:

European markets hit by eurozone Robin Hood tax plans

Stock exchange shares and main indices lose ground as German chancellor Angela Merkel and French president Nicolas Sarkozy propose new financial transaction tax


Fears of a Europe-wide financial transactions tax sent tremors through the City and other European bourses after Angela Merkel and Nicolas Sarkozy backed the idea of a new levy.

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The Franco-German plan was strongly supported by campaigners for a so-called Robin Hood tax, but strongly opposed by the CBI.....

......The Robin Hood Tax Campaign, which supports the use of the levy in Britain, has argued the financial sector should "pay their fair share to clear up the mess they helped create". It believes that a small tax could generate £20bn annually in Britain without having a negative impact on the prosperity of the financial sector.

Max Lawson, the campaign's spokesman, said: "This is a major step forward which leaves the UK increasingly isolated in insisting that a financial transaction tax must be global to work. Rather than standing on the sidelines, David Cameron should join Sarkozy and Merkel to make banks pay their fair share."

"Europe now has an historic opportunity to make the financial sector work in our interests and help millions of people here and in poor countries who have been hurt by a crisis they did nothing to cause."

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"One of the intended purposes of the financial transactions tax would be reduce trading volumes.....

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Tax expert Richard Murphy welcomed the commitment to a transaction tax, calling it "a welcome and overdue move that needs replication way beyond the eurozone if the feral banking economy is to be brought under control".

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http://www.guardian.co.uk/business/2011/aug/17/european-markets-hit-robin-hood-tax?INTCMP=SRCH

Scrappy Doo.

that investors claim they want.

The investor who would object would betray his true motives -- the desire to profit from a volatile market and draw attention to himself as one who wants to undermine the stability of our economy.