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financial transaction tax

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Los Angeles, California Republic
 
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I used to think an FTT would never get passed in America, that it was too capitalistic a society, but I don't know anymore. The Fed has turned the market into a racket that essentially dispenses welfare to the rich. Gains are privatized, losses are socialized, and there is a permanent market put. That makes it only a matter of time before those who are unable to get free handouts from the Fed want a part of it. An FTT is one way for them to get that.

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