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Message Subject "Fiscal Cliff" - Increasingly Likely & Desirable?
Poster Handle Anonymous Coward
Post Content
Simple solution: Financial Transactions Tax. A .001% fee on all stock, commodity, and FX market transactions would bring in over a $Trillion per year.
Effect on markets would be negligible, and would reduce computer HFT (high frequency trading) that presently controls and distorts the markets. Since everything is automated, the tax could be automatically deducted and electronically remitted directly to the IRS. Problem solved.
 
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