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A Slave to Variance - Transaction taxes [entries|archive|friends|userinfo]
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Transaction taxes [Dec. 13th, 2011|03:51 pm]
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Via David Brin comes notification that my "flat transaction tax" idea is being toyed around with by the European Comission:

"A levy of just 0.1 percent -- or even just 0.05 percent -- levied on each stock, bond, derivative or currency transaction would be aimed at financial institutions’ casino-style trading, which helped precipitate the economic crisis. Because these markets are so vast, the fee could raise hundreds of billions of dollars a year - from the sector of the economy that made towering profits while being directly responsible for our present depression, "

Clearly I should have patented the idea.
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