Monday, March 17, 2014

The Untaxed Americans: The Speculators, Hustlers, and Freeloaders of Wall Street | Common Dreams

The Untaxed Americans: The Speculators, Hustlers, and Freeloaders of Wall Street | Common Dreams

"There is currently no U.S. tax on the purchase of stocks, derivatives, and other financial instruments. The rest of us pay up to a 10 percent sales tax on the necessities of daily life. A tiny financial transaction tax of perhaps a tenth of a percent on the trading of financial securities would begin to correct this inequity, while generating billions of dollars of revenue."