'Volcker Rule' Seems Headed for Senate Fizzle
SOURCE: DIGG • 2010-02-03
TOPICS:
Finance • Taxation • Public Finance • Tax • Ad Valorem Tax • Tobin Tax • Paul Volcker • Business_finance
[35 diggs @ Political News] The Volcker plan does nothing about this. The best solution would be an ad valorem transactions tax, a Tobin tax of, say, 0.05% on every trade. This wouldn't add much cost to legitimate investing, but it would make the fast trading,Not to worry, t... read more »