For decades, the "Tobin Tax" — a proposed global tax on currency transactions — has remained far from economic mainstream thought, being primarily the hobby horse of left-wing academics and advocates of world government, such as the World Federalists, or communist dictators, such as Fidel Castro. The past few years, however, have seen a host of Tobin-type proposals coming from more establishment sources.
Many of us have heard about Geert Wilders, the Dutch parliamentarian currently on trial in Holland because he criticized Islam. It’s shocking to many that you could be charged with a hate crime for expressing an opinion, but such prosecutions are not unheard of in the Western world beyond American shores. After all, most nations have nothing tantamount to our First Amendment. But could such a thing happen in the land of the (mostly) free as well?
Three years after passage of the Tea Act by the British Parliament, colonists were fed up to the point of dumping 342 chests of the iconic British beverage into Boston Harbor and becoming thereby icons themselves. The men (estimates range from as few as 30 to as many as 130) refused finally to be placated by repeated promises of change and reform and, rather than wait for legislative response, they exercised the Lockean right of “self-defense” and defended their God-given right and constitutional rights.
President Obama admits his cap-and-trade plans probably do not have enough support to pass the Senate this year. Obama made the concession at a Tuesday town hall meeting in Nashua, New Hampshire, expressing regrets that his plan to charge companies for greenhouse-gas emissions will likely suffer defeat.