Tuesday, August 23, 2011

A Sales Tax on Wall Street Transactions

Statist economist Nancy Folbre ,who is an economics professor at the University of Massachusetts Amherst, has a NYT op-ed calling for a transaction tax on securities:
Less speculation could lead to less volatility in prices, encouraging long-term investors.
Attention Republican party: when you are going to wake up and tax universities? A tax on universities will produce less socialists.