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EPI Economists Argue That Financial Transaction Tax Is Win Win For Economy

EPI Economists Argue That Financial Transaction Tax Is Win Win For Economy

The latter observation reminds me of a game I used to play.  You were the ruler of a country and you decided how much seed to plant and how much to feed people.  You could also buy and sell land and grain.  After playing the game for a while I concluded that planting and harvesting were a waste of time. You could win by focusing on land and grain speculation.  And I just let my peasants eat cake.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.