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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?