Robin Hood tax & Cardinal Keith O'Brien

Sam Bowman argues on BBC Radio Scotland that Cardinal Keith O"Brien is wrong to call on the government to introduce a Robin Hood Tax. He argues that the tax would bring in any significant revenue, would drive traders abroad and would make everyone poorer. It would effectively wipe out derivatives trading and would be tantamount to economic suicide.

You can listen to his discussion on the Robin Hood Tax on BBC Radio Scotland here (from 2:14onwards). 

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The insanity of subsidising manufacturing