Since we in the US are thinking of taxes today....A tax on currency transactions was proposed in 1972 by economist James Tobin (hence, it is often referred to as a Tobin tax). Wait, don't roll your eyes at a post on tax and finance! This gets better. Tobin argued that imposing this tax would slow down the speed of financial flows, discourage speculators, and cushion small bankers, which would help them adjust. After multiple financial crises,...
