Tobin Tax: Will Hutton backs it, idiots disagree

The sheer natural justice of the Tobin tax makes it a no-brainer to all except the greedy banksters who stand to lose an infinitesimal percentage.

Advantages:

1. All should pay tax including bankers.
2. Tax from the very richest should go to the very poorest. Anglo-capitalism is inherently divergent. This corrects the divergence.
3. Some of the tax can go to insure against the next Credit Crunch.
4. Will Hutton agrees so it must be right.
   

This was the tail end of a piece where I collected the arguments against Tobin, but it seems to have got lost somewhere in the ether...