If each of the financial trades Wall Street is carrying out to make their billions incurred a cost, how quickly do you think someone would rein in the robots? That’s the logic behind creating a new financial transaction tax for US trading.
When we spoke with John Fullerton, former JP Morgan director and hedge fund head, he cited market instability as his number one reason for endorsing for financial transaction, or “Robin Hood” taxes.Distributed by OneLoad.com
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