Paul I agree with you but after having conversations with many people, it is astonishing how much ordinary people are against any kind of speculation tax or financial transaction tax, even when I bring up the fact that it is brazen speculation that drives up food prices and gas prices, they worry that somehow it is going to affect them even more and that the precious job creators will be hurt. Somehow progressives need to find a simpler way to frame their message that speculation doesn’t serve the greater good, it serves those interests (not special) that profit from manipulative practices that haven’t any true market value. How to explain that the stock market doesn’t reflect reality, it reflects perceptions. How to explain clearly to people that by imposing a financial tax on speculative trading you are imposing a reality on those who seek to manipulate for their own profiteering. There has to be a better way to frame and broadcast a message such as this.
Read the Article at HuffingtonPost
Want to Lower Gas Prices to $3.00, Now? Tax the Oil Speculators, Now
19 Monday Mar 2012