From: | jemcgloin@verizon.net |

Sent time: | Thursday, October 20, 2011 3:57:15 AM |

To: | september17@googlegroups.com |

Subject: | Re: [september17discuss] Re: 10/29 Robin Hood Global March |

The original numbers i saw for such a tax was in the range of .01 to .1%. This doesn't sound like much, but it really aimed at high speed trades which take plac thousands of time a second, which adds up real fast.

If OWS is to do this I believe we should either not name a specific

number or stick to the number endorsed by a wide range of people

including economists like Krugman & Stiglitz. I don't think that we

should come up with an arbitrary number (or let adbusters propose an

arbitrary number).

I imagine a 1-5% financial transactions tax would have very negative

effects on the liquidity of markets. Of course I haven't studied it,

which is why I am not proposing the exact number and prefer to stick

to the one endorsed by Stiglitz/Krugman/Katz and others.

number or stick to the number endorsed by a wide range of people

including economists like Krugman & Stiglitz. I don't think that we

should come up with an arbitrary number (or let adbusters propose an

arbitrary number).

I imagine a 1-5% financial transactions tax would have very negative

effects on the liquidity of markets. Of course I haven't studied it,

which is why I am not proposing the exact number and prefer to stick

to the one endorsed by Stiglitz/Krugman/Katz and others.

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