Question 4
Tobin tax is a tax on transactions in foreign currencies, currency trades that travel beyond borders. This tax is thought to “sober up” financial markets and limit short-term currency speculation, which makes up, according to estimates, 90 percent of all currency trade (page 142). In addition to its regulatory impact on financial flows, Tobin tax will bring additional funds ranging between $100 billion and $3000 billion annually worldwide. It’s to be thought that the tax will be managed by individual countries. The access revenue that will be collected can be used in emergency situations, as aid in developing countries and as international research funding that will work towards solving the continuous issue of climate change. Tobin …show more content…
According to Thomas Pogge’s approach the duties that people who are better off have to the poor are negative duties. Pogge believes that these negative-rights will make the more developed parts of the world not distance themselves from places where development is still ongoing. His approach states that the western world causes imbalance and directly harms the poor (page 159). Peter Singer, unlike Pogge, believes that everyone who is capable of doing so, not only the rich, has a positive duty to help the poor. Both Pogge and Singer strongly believe that helping the poor is not an act of generosity, but in fact your moral duty. They both believe that the main goal of their approaches is to empower the poor and fix the imbalance that was created between the developed and developing nation-states. Singer is considered to be a utilitarian and Pogge is seen as a cosmopolitan. According to utilitarianism, no special treatment of a person is accepted, everyone is equally equal. This theory promotes the idea of greatest good for the greatest amount of people. Just like Peter Singer, this theory is very demanding and time consuming because there are constant possibilities of helping people who are in need and creating more happiness. Cosmopolitanism takes in account everyone, and states that we have moral obligations to everyone on Earth because everything is interconnected and all individuals have equal moral worth. These two theories are interconnected, just like Thomas Pogge and Peter Singer. They both state that all people globally deserve equal rights just because they’re human beings, all ethnical groups. To both of them geographical location is not a factor that determines whether a person is worthy of aid or
Tobin tax is a tax on transactions in foreign currencies, currency trades that travel beyond borders. This tax is thought to “sober up” financial markets and limit short-term currency speculation, which makes up, according to estimates, 90 percent of all currency trade (page 142). In addition to its regulatory impact on financial flows, Tobin tax will bring additional funds ranging between $100 billion and $3000 billion annually worldwide. It’s to be thought that the tax will be managed by individual countries. The access revenue that will be collected can be used in emergency situations, as aid in developing countries and as international research funding that will work towards solving the continuous issue of climate change. Tobin …show more content…
According to Thomas Pogge’s approach the duties that people who are better off have to the poor are negative duties. Pogge believes that these negative-rights will make the more developed parts of the world not distance themselves from places where development is still ongoing. His approach states that the western world causes imbalance and directly harms the poor (page 159). Peter Singer, unlike Pogge, believes that everyone who is capable of doing so, not only the rich, has a positive duty to help the poor. Both Pogge and Singer strongly believe that helping the poor is not an act of generosity, but in fact your moral duty. They both believe that the main goal of their approaches is to empower the poor and fix the imbalance that was created between the developed and developing nation-states. Singer is considered to be a utilitarian and Pogge is seen as a cosmopolitan. According to utilitarianism, no special treatment of a person is accepted, everyone is equally equal. This theory promotes the idea of greatest good for the greatest amount of people. Just like Peter Singer, this theory is very demanding and time consuming because there are constant possibilities of helping people who are in need and creating more happiness. Cosmopolitanism takes in account everyone, and states that we have moral obligations to everyone on Earth because everything is interconnected and all individuals have equal moral worth. These two theories are interconnected, just like Thomas Pogge and Peter Singer. They both state that all people globally deserve equal rights just because they’re human beings, all ethnical groups. To both of them geographical location is not a factor that determines whether a person is worthy of aid or