Financial Transaction Tax Good. Taxing stock trading is not new. This would tax financial transactions in currencies.
What this report finds: A well-designed financial transaction tax (FTT)—a small levy placed on the sale of stocks, bonds, derivatives, and other investments—would be an efficient and progressive way to generate tax revenues. This would tax financial transactions in currencies. A Financial Transactions Tax Raises No Revenue.
US financial transaction tax would burden savers.
A financial transaction tax is a levy on a specific type of financial transaction for a particular purpose.
Democrats' latest proposal is misguided and should be scrapped. Wonder why he doesn't mention the cross border regulatory arbitrage and other means to circumvent History and common sense makes it clear that a financial transaction tax is a bad idea for everyone. Traders need to educate politicians and others.