The Financial Transaction Tax
A financial transaction tax could raise revenue and curb excessive trading, aligning markets with productive economic activity.
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As we continue to suffer the consequences of the global financial crash, a tax on financial market transactions has been gaining support as a way to reach two important goals simultaneously: raising a substantial amount of revenue, and reducing the size of financial trading in the U.S. economy relative to the economy’s level of productive activity. Over the last decade, PERI has been exploring the mechanics and potential impact of such a tax.