Blooming America

Chapter 866

Catherine is thinking about filling the hole here, and on the other side, Nixon is thinking about a proposal.

And this proposal is related to what Soros called "bad news."

—— Create a new "Financial Act" and then impose financial easy taxation.

This is the content of this proposal.

This move is considered by Kissinger to be a risky behavior, which may cause the domestic financial industry to move abroad, but if it can be implemented, it will undoubtedly be a booster for the United States and the federal government.

Well, this tax also means that they are one step closer to socialism.

Financial easy taxation is also called "Tobin tax". It is the idea of ​​easy taxation of foreign exchange proposed by American economist and future Nobel laureate in economics James Tobin last year.

Tobin first proposed this idea in a speech at Princeton University in 1972. He suggested "throw some sand in the wheel of the fast-moving international financial market."

The proposed tax is mainly to ease the exchange rate instability caused by the rapid expansion of international capital flows, especially short-term speculation. The original intention is to ease exchange rate movements caused by large-scale capital flows. Tobin suggested that spot foreign exchange should be exchanged. A unified global tax is levied.

The reason why this tax has been proposed now is because there are so many places where the United States spends money.

Fighting wars and landing on the moon. In addition, there is a new Eden Project and the Tower of Babel project... Oh, my God, even the superpower, the United States, can’t live at this time. what!

The provisions of the Budget on the Financial Industry Act regarding the levy of financial easy taxation will impose a 0.1% easy tax on stocks of companies with a market value of more than 100 million US dollars and headquartered in the United States. Involving very large interest group taxes. And it is foreseeable that with the development of the financial industry, the collection of this tax will increase.

It has now been predicted that if this tax is imposed, the annual tax revenue will reach 3 to 4.5 billion U.S. dollars.

With the development of the financial industry, this tax is likely to continue to increase in the future.

Faced with the situation of high federal government debts and the state's financial constraints, it seems that this is the best way to solve the economic urgency.

But if this goes on, there is no doubt that it will offend a large number of vested interests.

At this time, Nixon's think tank told Nixon that it should be the last time it is possible to collect this tax. It is out of date.

Why do you say that?

The answer is simple. Although the current financial industry is developing at a high speed, it has not formed a climate. Implementing this policy when the other party is still fledgling will undoubtedly be a booster if it succeeds.

But when the market takes shape, the huge vested interest groups will become the biggest obstacle to this tax. You know, although this tax is only 0.1%, it is definitely a huge profit. The federal government still wants to do this at that time, it is tantamount to stealing money.

But levying financial easy taxation is a double-edged sword. While increasing the country’s fiscal revenue, it may also have a certain impact on the financial market’s easy taxation. As Tobin said, financial easy taxation is meaningful only if it is levied uniformly on a global scale. The implementation of it in the United States alone will lead to capital outflows and reduce the competitiveness of the US financial industry.

Under the current circumstances, levying financial easy taxation does not pay for the gains; but think tanks believe that the levying of easy taxation will not bring too many negative effects.

Capital outflow!

This is the biggest difficulty Nixon may face.

"It seems that I should talk to Mr. Tobin. If I can, it seems that the whole world must collect taxes..."

In the current world, the United States is the boss (the Soviet Union is not part of the world!) So at this time, if the United States takes the lead, maybe it can...

But Nixon didn’t know much about this, so at this time, he felt that he should talk to Mr. Tobin. There are still a few years in his second term. If he can promote this tax in the past few years, When I retire, my reputation will be very good...

...

"It turns out that it is for financial taxation..."

On the other hand, Catherine didn't say anything after hearing the news.

The power of the butterfly has been shown.

Without the water mén incident, Nixon could sit securely; however, the addition of the Eden Project made the United States financially stretched. Therefore, at this time, it is understandable that someone proposed that finance is easy to tax.

"Then what are you going to do?" Catherine asked.

"What else can I do? I heard that the United States is going to unite with European countries to jointly increase this tax. Unless we can convince the world, there is no way at all."

"Oh……"

Although she didn't seem to say anything on the surface, Catherine had indeed set off a storm in her heart.

Catherine knew exactly what this tax meant.

This means that speculation will be subject to restraint. Although this restraint is not strong, it is indeed a deterrent here.

On the other side, Catherine was also a little bit happy.

Because this also means that many companies that have transformed the financial industry have been hindered.

The top ten consortia suffered the greatest impact, especially Rockefeller and Morgan.

Catherine wondered if there was another consortium behind this tax group that wanted to explode the two big consortiums. Ju was here.

The current financial industry in the United States is not as developed as in the 21st century, so at this time, if the federal government continues to implement this tax, it will not encounter great obstacles, and when this tax is collected for more than ten years, people Perhaps they are already adapting. At that time, this tax has been acquiesced and accepted by people. At this time, everyone is accustomed to it, and this tax is nothing.

But this has nothing to do with Catherine, because Catherine has nothing to do with it. Even Catherine is happy to see it happen.

Isn't it a pleasant thing to see others unlucky?

At the same time, this also means that I can deduct more money from the federal government fǔ...

"Damn James Tobin..." Soros over there was really upset at this time.

This is easy to understand, everyone's **** is not in the same place.

The implementation of this tax means that the income of the Quantum Fund will be reduced.

Curb speculation and stabilize the exchange rate. The implementation of financial easy taxation-the Tobin tax, can enable a country's government to implement a more flexible interest rate policy based on domestic economic conditions and goals in the short to medium term without worrying about it being impacted by short-term capital flows. Moreover, the Tobin tax is set for the round-trip flow of short-term funds. Not only will it not hinder the trade and long-term investment caused by fundamental differences such as productivity, it will help guide the flow of funds to the real economy of production.

This tax does have a lot of appeal to the now gradually hollowing out America.

James Tobin, of course Catherine knows who this person is.

It does not originate from the last world, but based on this world, Catherine's understanding of this person-after all, the last world Catherine only knows that this person is a Nobel Prize winner.

Tobin entered Harvard University in 1935, received a bachelor's degree in economics four years later, and a master's degree in 1940. During his six years at Harvard, Tobin received Joseph Schumpeter, Edward Chamberlain, and Wassily Lyon. The guidance of famous economists such as Tifu.

These are all famous and brilliant economists in history.

In 1947, he received his doctorate. In the same year, he was elected as an associate researcher of a researcher. He used the salary of the associate researcher to supplement the economics he lost contact with during the war, especially econometrics. He participated in writing the "American Business Creed" and was published in the "Review of Economics and Statistics" Published an article on "Liquidity Preference and Monetary Policy".

After all, Catherine now has to manage the company, all occasionally, Catherine will also charge, and these books, Catherine has read. Although it has nothing to do with me, it might be useful anytime.

In 1957, he became the vice president of the American Econometric Society, and the following year he served as the president of the society. From 1961 to 1962, he served as an adviser to President Kennedy of the United States and became one of the three members of the President's Economic Committee.

After that, he returned to Yale University in August 1962 to teach.

From 1970 to 1971, he served as President of the American Economic Association. In 1972, he was a member of the National Academy of Sciences. He taught at the University of Nairobi in Kenya from 1972 to 1973, and this financial easy taxation was proposed by the other party last year.

"The only way to do this is to drag the word formula, as long as it can be dragged down, the goal will be."

Catherine fell asleep.

"Drag?" Soros was a little surprised by Catherine's opinion.

"There is enough power to drag it to the formation of interest groups, and to drag it to interest groups."

Catherine explained.

Although it has nothing to do with him, Soros is also a friend of his own.

Of course, Catherine is uncertain whether they will succeed.

"...I understand, but I am not too sure."

Soros reacted violently to this matter, and Catherine knew it too.

This tax is undoubtedly equivalent to the federal government fǔ is stealing money~www.wuxiaspot.com~ It is replaced by Soros who specializes in financial speculation. In this matter, there must be quite a bit of criticism.

Speculators, aren't they all exploiting loopholes...

Although this is a bit too much, Soros has always been doing this...

After a while, the two parties hung up the phone.

"If Nixon really wants to do this, then he has made up his mind... If this is the case, then the other party will desperately want to promote this tax in the next two years..."

I just don’t know if Nixon will encounter unprecedented resistance like Oguanhai’s medical reforms.

Catherine will wait and see...

...

Fourth! One more!

!@#