Economics @ ITT

Tax the Traders! It Would Solve Economic Crisis

Posted in economics, Policy Issues, Regulation, Taxation by ittecon on December 4, 2012

A tax of less than half a percent on every $100 of stock sales or sales of other financial instruments including bonds, derivatives, and options. The tax could raise anywhere from $170 billion to $350 billion per year depending how it was applied.

via Eliot Spitzer: Tax the Traders! It Would Solve Economic Crisis and Stop Reckless Activity | Alternet.

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One Response

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  1. nmartinez1938 said, on December 4, 2012 at 5:08 pm

    Reblogged this on Sharing Noteworthy Postings and commented:
    Welfare cheats, Social Security Retirees, Medicade Reciepients, unemployed and under-educated persons, did not create the global economic crisis we are now in– Look to Wall Street White Collar Criminal Class– they have and will continue to be bailed out and guide your attention to their financial clift solutions, a contiuance of the impoverishment of all, except themselves of course…


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