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View Diary: Transaction tax would raise $350 billion over next decade (136 comments)

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  •  sleipner - at .3% its too high (0+ / 0-)

    The trading will move to markets outside the US. This is not a tax where the US wants to be out in front. This needs to be done all at once with the other major financial market countries. The EU has a proposal on the table. That's the deal we should push. The tax is .1%.

    "let's talk about that"

    by VClib on Mon Nov 07, 2011 at 07:17:55 PM PST

    [ Parent ]

    •  He didn't say 0.3% (1+ / 0-)
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      he said 0.03%.  

      I agree that there is a point at which it would be too high, and I'm not familiar enough with world markets and potential ramifications to know exactly what that point would be, but 0.03% is too low.  I would be fine with 0.1%, certainly to start with, and then adjust as necessary in the future as we get more data on how it affects things.

      New favorite put-down: S/he's as dumb as a flock of Sarah Palins

      by sleipner on Tue Nov 08, 2011 at 09:54:38 AM PST

      [ Parent ]

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