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Saturday, November 13, 2010

Why No Financial Transactions Tax?

Why wasn't a financial transaction tax part of the Bowles-Simpson deficit reduction proposal?

It would raise substantial revenue and has desirable properties in terms of cooling speculative money flows.

I guess the problem is that the tax falls largely on the wrong people -- those who can afford to pay it.

    Posted by on Saturday, November 13, 2010 at 09:09 AM in Budget Deficit, Economics, Politics | Permalink  Comments (63)


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