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This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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a proposed tax on international financial transactions, especially speculative currency exchange transactions; suggested by Nobel Memorial Prize in Economic Sciences Laureate economist James Tobin

Highlighted phrases

tobin tax



A taboo in polite circles until recenty, the so-called Tobin Tax has recently been advocated by Gordon Brown

proposed with the intention of slowing down financial flows that might damage the economy

Thing 22 (231) by Ha-Joon Chang
notable
2 years, 4 months ago


Critical theories are theories that more or less comprehensively challenge the existing social order. The criticisms they formulate do not concern particular aspects of this order, like the imposition of a tax on financial transactions (the ‘Tobin tax’) or some measure relating to pension reform

—p.2 Introduction (1) by Gregory Elliott, Razmig Keucheyan
notable
2 years, 1 month ago


Capital controls are taxes, and differ from exchange controls. The latter place limits on the amount of a nation’s currency that can be taken abroad. Instead, the financial transaction tax or Tobin tax is a form of capital control, a tax on and ‘sand in the wheels’ of capital flows.

idk if she adequately clarified the diff tbh (seems like it's a case of limits vs taxes, which is not what the italicizing implies)

—p.146 Subordinating Finance, Restoring Democracy (131) by Ann Pettifor
notable
2 years, 1 month ago