As a Nation contributing editor, I must point out that the proposal first
appeared in the Nation, not the LAT.
Clinton would gag at the idea. But he's not the only one. Some years ago,
when such a proposal surfaced in Congress, NYC mayor David Dinkins wrote
a letter denouncing the idea! This f
Hello Penners,
I have just reviewed a book called "Modernizing US Securities
Regulations," a collection of essays and articles edited by Ken
Lehn of the U. of Pittsburgh (published by Irwin).
In an article by Yakov Amihud (NYU) and Haim Mendelson (Stanford),
the effect of a 0.5% stock transfer t
One wrapper to put around a tax on stock sales is "market
stabilization". In this approach, one taxes stock market sales of stocks
which have not been held for a set period of time.
This approach is in part the capitalists selling the rope to
hang themselves
FYI: pen-l's Bob Pollin and Dean Baker, with possible pen-ler
Marc Schaberg had an article in today's L.A. TIMES calling
for a tax on equity trades on Wall Street (in "Column Left"
on the op-ed page).
Good idea, but won't the Clintonoids worry that such a move
would cause a stock panic?
in pen-l
