Comment on 'Volcker Rule' Seems Headed for Senate Fizzle

'Volcker Rule' Seems Headed for Senate Fizzle

The Volcker plan does nothing about this. The best solution would be an ad valorem transactions tax, a "Tobin tax" of, say, 0.05% on every trade. This wouldn't add much cost to legitimate investing, but it would make the "fast trading,"Not to worry, this will never even be raised, let alone watered down

 

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