Tuesday, January 13, 2009

A financial transactions tax

I mean, seriously. Who thinks up this stuff??

The economist Dean Baker is a strong advocate of a financial transactions tax. This would impose a small fee — ranging up to, say, 0.25 percent — on the sale or transfer of stocks, bonds and other financial assets, including the seemingly endless variety of exotic financial instruments that have been in the news so much lately.

Another bad idea in an era of bad ideas. Sorry, I'm just a little crotchety lately.

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