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2. Pay for your own bailouts. A tax of 0.1 percent on all trades of stocks and bonds and a 0.01 percent tax on all trades of derivatives would generate enough revenue to pay us back for the bailouts, and still have plenty left over to fight the deficits the banks claim to be so worried about. It would also deter the endless chase for instant profits through computerized insider-trading schemes like High Frequency Trading, and force Wall Street to go back to the job it’s supposed to be doing, i.e., making sober investments in job-creating businesses and watching them grow.
My Advice to the Occupy Wall Street Protesters | Politics News | Rolling Stone
Matt Taibbi’s list of priorities for OWS is, of course, practical and on point. I’d love to see him and Grayson take some action with this.
