The reckless behavior of a severely bloated financial sector has given us the worst downturn in 70 years. Let's do something about it. Let's put a tax on hyperactive traders. A financial transactions tax can be an effective tool for downsizing the sector and restoring it to its proper role in the economy so this sort of calamity does not happen again. The idea is to place a small tax on financial transactions to discourage speculation without hampering productive investment.
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