Gee, I wonder if the NY session is going to suddenly lose volume. lol. I'd say that London will pick it up, but from what I can tell, British politicians are even worse than their US counterparts.
The idea of a transaction tax has been floating around for a couple of decades now, since the late eightites...and it goes in and out of favour. It's a good platform for grandstanding about the 'evil speculators' and 'big banks profiteering' - and hence only an argument used by clueless politicians.
And what they are too stupid to realise (or, in most...
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