“ In the absence of a major regulator overhaul, there is one simple measure that would at least ensure that the public gets a cut of the action. A modest financial transactions tax could easily raise an amount equal to 1% of GDP, or $150bn a year at present. This is real money – enough to finance a 10% across-the-board reduction in the income tax. ”
— Dean Baker
Barack needs to put Dean Baker on his economic team. For serious. If only to mitigate the influence of all the U. of Chicago Milt Friedmanites.
Barack needs to put Dean Baker on his economic team. For serious. If only to mitigate the influence of all the U. of Chicago Milt Friedmanites.