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'Robin Hood' tax on financial trades would help turn economy around, supporters say
'Robin Hood' tax on financial trades would help turn economy around, supporters say
The measure would impose a tiny three-hundredths-of-a-penny tax on financial trades, which supporters say would cost the average investor just $1 per year but could raise up to $35 billion annually from the high-stakes, high-volume high-speed computer trades critics claim increase market volatility.
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Re: 'Robin Hood' tax on financial trades would help turn economy around, supporters say
Taking more and more from savers to give it to the spenders. Incrementally we will eventually have nothing left to give. I like what Thatcher said, "the problem with Socialism is eventually you run out of spending other people's money."
Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master. George Washington
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