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
