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View Diary: Krugman On "The Joy Of Sachs," As Frontrunning Truths Emerge (292 comments)

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  •  Brazil ended the 0.38% financial transaction tax (0+ / 0-)

    Brazilian lawmakers axe financial transaction tax.

    It is one thing to impose a tax to raise revenues and another thing to impose a tax to influence behavior. I would support a progressive consumption tax... a national sales tax that would provide relief to lower income people through the internal revenue code even if those low income people do not earn enough to pay a a federal income tax. But that is not what was being discussed. We were talking about a financial investment tax as opposed to a tax that would be applied to all money transactions which I view as unfair. Not all investors are engaged in practices that will destroy our economy.

    Oh Barry, they are turning Health Care into an Actuary's wet dream.

    by fredlonsdale on Sun Jul 19, 2009 at 01:18:15 PM PDT

    [ Parent ]

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