Source: Adam Smith Institute
by Tim Worstall
“Those with long memories will recall the campaign to have a Financial Transactions Tax. Something we were vehemently opposed to no doubt because we’re neoliberals or something. The idea was to have a miserly — say, 0.1%, or 0.05%, that sort of amount — tax on every financial transaction. The claim was that this would not affect ‘real’ trade and would only reduce the amount of speculative froth in the marketplace. Which would, according to the proposers, be good. Because, well, speculative froth and all that. Just capitalists playing with money, see? Except speculative froth does have a point …” (05/31/26)
https://www.adamsmith.org/blog/ryanair-easyjet-and-just-say-no-to-a-financial-transactions-tax