Scott Jagow of NPR on the Tobin Tax: Taxing the Street

Perhaps you heard on the Marketplace Morning report this proposal to tax Wall Street transactions. The revenues would go toward deficit reduction and job creation on Main Street. I understand the motivation behind this, but there’s a pretty good case against it.

Read it all and the comments are interesting as well.

Posted in * Economics, Politics, Economy, Stock Market, Taxes, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--