The introduction of a substantial overnment transfer tax on all transactions might prove the most serviceable reform available, with a view to mitigating the predominance of speculation over enterprise in the United States.
This would apply to all transactions, including right down to getting cash from an ATM.
This has to be set against having no other personal or corporate taxes on income. So it would be 6% flat.
The real benefit would be that a small footprint lifetsyle could lead you to feel great dignity. You can't be me, I'm taken
I though the Tobin Tax was a minute amount, designed to slow down huge, frequent international finance transactions but to leave alone the individual investors. Nothing is 'mere'. — Richard P. Feynman
