Wednesday, February 19, 2014

Financial transaction tax is now cool

I'm glad to see some of my favorite stars getting behind an idea that is so smart, simple and timely!

A financial transaction tax will soon take effect in Europe. The UK and US should get on board with it -- thereby discouraging a race to the bottom.

The tax will only affect high-frequency "robot" traders; 99 percent of investors won't even notice it. But it will help restore our countries' fiscal health, and discourage high-speed trading that has no social value.

By Simon Chouffot
February 19, 2014 | CNN

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