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A tax on Wall Street trading is the best solution to income inequality

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opednews.com Headlined to H2 5/22/17

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From flickr.com: Tax Financial Transactions Poster - Washington DC {MID-89863}
Tax Financial Transactions Poster - Washington DC
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Revenues from financial transaction taxes will come out of the pockets of many of the richest people in the country.

This is a great example of a clearly defined policy that will directly reverse some of the upward redistribution of income over the last four decades. Of course, FTTs still face an enormous uphill battle before they could be implemented. As with other policies that would reverse the upward redistribution the problem is not the difficulty of designing the policy, the problem is the power of the rich people who don’t want a fairer and more efficient economy.

Read the rest of the story HERE:

At thehill.com

 

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opednews.com

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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