Establish a Transaction Tax that would apply to all purchases and sales of derivatives, options and stocks at 1/2%. Reinstate the Speculation Tax that was dropped in 1966. Result... More financial stability and new revenue.
Why is this important?
Create a Financial Transaction Tax that would apply to the purchase and sale of derivatives, options and stocks. Dual purpose would tame the excesses and out of control computerized trading. 1/2% would raise a lot of money. A reinstated speculation tax of $2.00 for every $100 would be of benefit too.
