Tonight’s question, greetings, and social banter here. (More)
|Tonight’s Campus Question|
Senator Tom Harkin (D-IA) and Rep. Peter DeFazio (D-OR) have again proposed a financial transactions tax. Supporters say such a tax would discourage market speculation, by taxing each trade of stocks, bonds, and derivatives. Critics say such a tax would make the economy less efficient, by discouraging investors from expressing the sense of the market. France and Germany have already adopted such taxes, and even a Chamber of Commerce official said some variation seems inevitable. Is a financial transactions tax a good idea?