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Quotes of the day:
I wouldn\'t recommend sex, drugs or insanity for everyone, but they\'ve always worked for me.
The Tobin tax is a tax on spot currency conversions that was originally proposed with the intention of penalizing short-term currency speculation. Rather than a consumption tax paid by consumers, the Tobin tax was meant to apply to financial sector participants as a means of controlling the stability of a given country’s currency. It is more formally known today as a Financial Transactions Tax (FTT), or less formally a Robin Hood tax.
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