'Why Don't the Deficit Hawks Want to Tax Wall Street?'

from zcomm.........

"The intensity with which the country's leading deficit hawks continue to ignore financial speculation taxes (FST) is getting ever more entertaining. While deficit hawks like Wall Street investment banker Peter Peterson, Morgan Stanley Director Erskine Bowles and The Washington Post never tire of preaching the virtues of shared sacrifice, somehow sacrifice for Wall Street never features as a part of this story.

The refusal of this group to consider FST is becoming more striking because most of the world appears to be moving in this direction. Last spring, the European Parliament voted by an almost four to one margin in support of FST. The European Commission, the executive body of the European Union (EU), is now making plans to implement a modest tax beginning in 2014"...........READ MORE