Financial Transaction Tax
Investing has been transformed into speculation by computer-generated algorithms and trading platforms. The average holding time of a stock is now only 4 months. There is no real value being generated, just individual firms trying to squeeze value out of the system, often at the expense of the public.
Problems to be Solved
- Financial transactions and speculation cause risk to the economy, and that risk isn’t covered by those who cause it
As President, I will…
- Propose a 0.1% financial transaction tax that would raise as much as $50 billion per year that will be used to help fund Universal Basic Income.