A Virtuous Tax Robert Kuttner | September 14, 2009 One prime cause of the financial collapse is that financial trading markets have become speculative worlds unto themselves. Instead of adding efficiency to the real economy, they mainly add risk that the rest of us now have to pay for.
There are many ways to damp down financial speculation, but a very effective strategy is to tax it. Given the huge costs of the clean-up (now being borne mainly by taxpayers) it would make a lot more sense to require financial markets to pay for their own bailout. http://www.huffingtonpost.com/robert-kuttner/a-virtuous-tax_b_285176.html http://www.commondreams.org/view/2009/09/14-0 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/shadowgovernment -~----------~----~----~----~------~----~------~--~---
