Originally posted by Bosse de NageThere are at least two areas that I belief are always good ways of 'helping the less fortunate'.
How would such a tax be best put to use?
Originally posted by PalynkaOK. In Africa, there are the Millenium Development goals. Other regions would have different goals. Perhaps the first goal would be to allocate funding to different regions?
First we need to agree on the goals, before economics can say something about predicted outcomes of specific policies.
Originally posted by KazetNagorraWould you mind saying a bit more about how it would encourage long-term investments?
This is actually a very good idea, since such a tax punishes frequent changes in one's portfolio, it encourages long-term investments over short-sighted short-term trading and speculation.
This tax should be used for whatever tax dollars are needed for. I don't believe in reserving tax revenues from source X specifically for purpose Y.
Originally posted by Bosse de NageWell, if every transaction is taxed, it pays to reduce the amount of transactions when investing, i.e. people who have a long-term strategy get relatively more returns than speculators.
Would you mind saying a bit more about how it would encourage long-term investments?
How would the overall catch be allocated? Tax is raised by individual countries -- this would be a sort of world finance tax.
Originally posted by PalynkaWell, I think what he is trying to say is that it's a difference in degree. QED does predictions which are accurate up to 10 digits - what kind of prediction in psychology or economics is so accurate?
Not really. He's ignorant about what science is. He's still stuck on the idea of verifiability, when it is falsifiability what science is based on.
Originally posted by KazetNagorraI'm not disputing that. But was physics not a science before predictions were that accurate? Perhaps not, but simply because of a question of method not inexactness.
Well, I think what he is trying to say is that it's a difference in degree. QED does predictions which are accurate up to 10 digits - what kind of prediction in psychology or economics is so accurate?