financial transaction tax

Representative Keith Ellison held a press conference yesterday outside the Capital building in Washington, D.C. to announce the reintroduction of a bill that would tax financial transactions on Wall Street. The Inclusive Prosperity Act, which was first introduced last year and is supported by many...
Imagine a company that is among the most profitable in the world, with a long track record of making money hand over fist for years on end. Except there is only one problem: As big as the profits are, they are no longer getting bigger quarter after quarter. The company has reached a plateau, at...
Here's one explanation for a yo-yoing stock market that leaves millions of 401(k) holders biting their nails on a regular basis: The cost for an investor to buy and then sell a stock has fallen by half in the past decade, to 3.5 cents, as the New York Times notes today.  With costs this low,...
Reckless speculation on Wall Street -- which helped cause the financial crisis and Great Recession -- is a big reason why budget deficits have spiralled skyward since 2008, so it's only fair that Wall Street do its share to reduce these deficits.  That's where a financial transactions tax...
Here's some positive news out of Europe for a change: German Chancellor Angela Merkel and French President Nicolas Sarkozy called yesterday for a tax on financial trades. This isn't a new idea -- European leaders have pushed it before -- but a financial transaction tax (FTT) is a good idea that...
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