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To: Impy; spintreebob; PhilCollins
I have no idea what the "Tobin tax" is (and the article doesn't explain it, either).

I really like a horribly destructive tax being called the "Tobin tax" though, since one of the people we can thank for Pat Quinn stealing the election is National Taxpayer's Union president Jim Tobin. This self-described "taxpayer's watchdog" actually endorsed Quinn's disgraced running mate, Scott Lee Cohen, for Governor. Not only that, he even took the step of mailing out anti-Bill Brady attack ads (calling Bill Brady an "enemy of taxpayers") despite that according to NTU's OWN scorecard, Brady had the second HIGHEST "pro-taxpayer" voting record in the entire Illinois Senate.

We need to start calling Quinn's tax hike, "the Tobin tax", since this supposed "taxpayer's watchdog" is directly responsible for helping re-elect Quinn after Quinn vowed to raise taxes.

Bottom line, closet liberals like David Cameron and Jim Tobin need to be purged from any further conservative support.

5 posted on 04/27/2013 12:21:17 PM PDT by BillyBoy ( Impeach Obama? Yes We Can!)
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To: BillyBoy

From Wikipedia:

A Tobin tax, suggested by Nobel Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another. The tax is intended to put a penalty on short-term financial round-trip excursions into another currency.


6 posted on 04/27/2013 12:32:38 PM PDT by Rocky (Obama is pure evil.)
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