Sarkozy announces French financial transaction tax

[dipsydoodle]

French President Nicolas Sarkozy has announced plans to introduce a tax on financial transactions.

The 0.1% levy will be introduced in August regardless of whether other European countries follow suit.

The tax is part of a package of measures set out by the president to promote growth and create jobs.

>

"What we want to do is create a shockwave and set an example that there is absolutely no reason why those who helped bring about the crisis shouldn't pay to restore the finances," he said.

http://www.bbc.co.uk/news/world-europe-16783520

[MannyGoldstein]

1. This is class warfare!!!

and has been for 30 years.

At least in France the 99% are finally hopping on the ClueTrain. Here, not so much... yet.

[Zorro]

2. The French are quite familiar with class warfare

and know how to handle it.

[onehandle]

3. Sarkozy is a 'conservative.'

Conservative President of France = Left of Any President in Our Lifetimes.

[loudsue]

4. True that. n/t

[bluerum]

11. Agreed.

There is actually a thread up claiming the the US is a center left country. Hard to believe people on DU accept that.

As for the tax, it's a great idea. But .1%

[dimbear]

5. We could really use this here. It makes investing investing

rather than what it is now, gambling. Computer driven trading makes markets unresponsive to the needs of people. A little tax solves that problem.

[Amonester]

6. Sarkozy is scared shitless about his re-election.

All those 65 years-young he robbed 2 years off of their pension.

I bet the Socialists will propose a 1.0% tax (and decriminalize cannabis and tax it).

[FailureToCommunicate]

7. Créer une onde de choc!!

Aller Sarkozy, nake de Wall Street tremblent!

[David__77]

8. This is a long-standing proposal that makes sense.

With derivatives especially. I certainly hope that this putrid man goes down to defeat, but hopefully not to be replaced by something even worse, which the Socialists are more than capable of.

[Granny M]

9. 'bout time.

I hope that 'plans to introduce' actually become a reality, and that it's not watered down or completely derailed.

[DeSwiss]

10. Ummmm......

[font size=5]Hey!!! I'm NOT in the barn!!! I'm out HERE!!! Dummy!!![/font]



- It's getting so you can't have faith in any of our corporate-approved leaders anymore.......

[_ed_]

12. The CONSERVATIVE French President

implements a financial transaction tax. Our liberal US President?