Wall St. fat cats will oppose any tax
Congress needs to pass a small tax on financial transactions. It will provide revenue to rebuild our infrastructure without causing any pain. The millionaire traders won't miss a few pennies, and the low income earners won't be penalized with another regressive tax.
This tax already works in Britain, South Korea, Hong Kong and Switzerland. And, according to the NY Times, 10 nations belonging to the EU, will also implement a financial transaction tax.
But, of course the Republicans and their fat cat Wall Street patrons will oppose any tax.
Tom Minnerick
Elgin
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