TAXES UPON FINANCIAL TRANSACTIONS WOULD HAVE MANY BENEFITS: In the US, discussions about pension reform and education and infrastructure usually lead to talk about further cutbacks, as if that were the only solution. But pension funds and schools lost money because of financial industry malfeasance. Objections to financial transaction taxes seem superficial in light of their two main benefits: (1) The massive revenue potential; and (2) the likelihood of limiting the speculative trading that contributed to the financial meltdown in 2008. Informed Americans are in agreement on this. The tax is simple and effective and fair and long-overdue, and obvious to everyone except the business-friendly members of Congress. alternet.org/economy/5-reasons-its-just-absurd-america-doesnt-tax-wall-sts-transactions?paging=off
Posted on: Tue, 23 Jul 2013 23:01:58 +0000
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