Don’t let a backlash knock out Tobin tax

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Don't let a backlash knock out Tobin tax | John Hilary | Comment is free | .

Gordon Brown's statement of support for a tax on global financial transactions is a welcome call on the banks to repay their debt to society. It is also a victory for the international Tobin tax movement, which has laboured hard for this moment over many years. Our task now is to fight the political backlash which is already mounting, and to defend the idea of financial transaction taxes as a means to the progressive redistribution of economic gains.

Good summary of how we got where we are and why we need to keep going forward.

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