Implement Tobin Tax of 0.05% on all currency and stock market transactions

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Petition Action

Implement Tobin Tax of 0.05% on all currency and stock market transactions

Additional Information

http://en.wikipedia.org/wiki/Tobin_tax

By implementing this tax on speculative financial transactions; reduce volatility in stock markets; reduce returns to speculative investors and companies; and with this fund better oversight of financial institutions and redress need for insurance on sovereign debt or bank bailouts.

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