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Roundup 1/17/15 – Superman, Robin Hood and Stock Trading: Should the U.S. impose a financial transaction tax?
In the film Superman III, a computer programmer embezzles huge sums from his employer’s payroll by diverting small amounts from each check into his account. Unbeknownst to many, high frequency stock traders in the U.S. and other countries use a similar technique - legally. But if Congress passes a recent proposal for a financial transaction tax, the practice would end. We discuss the implications in this Roundup.
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