Tobin Trouble
European leaders are seriously considering a Tobin tax, which would put a small levy on financial transactions, thereby dampening trading. But that is neither a desirable outcome nor an appropriate goal.
https://prosyn.org/tNK8xH6
CAMBRIDGE – European leaders are seriously considering a Tobin tax, which would put a small levy on financial transactions, thereby dampening trading. But will the tax do as much as its proponents hope?