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Taxing Wall Street Transactions Today Wins Support for Keynes Idea of 1936

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THE "GAMBLER'S TAX" GETS LEGS
" John Maynard Keynes proposed a tax on financial transactions in the middle of the Great Depression, and another economist, James Tobin, revived the idea in the 1970s as a way to counter currency market speculation," according to Bloomberg, noting that neither proposal gained much acceptance. "Now, a growing number of economists and politicians argue that it’s time for a levy on trading stocks, bonds, currencies and derivatives."
SOURCE:   Bloomberg

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