Recently the UK Prime Minster Gordon Brown made clear his support for a Global Transaction Tax (also known as a Tobin Tax) as a means of insuring that any future financial crisis could be met quickly and effectively by pumping the accumulated funds back into the financial sector.
Such a concept has been contemplated in the past on several occasions by not only the United Kingdom, but Canada, the United States and the EU as well. However, despite the seductive nature of a tax with the pot...
