[Spinoza]

Originally Posted by Beingist

Since the Occupation movement started, there has been some suggestions floating around the country (U.S.) about either a Financial Transaction Tax, or a "Tobin Tax".

Apparently, the idea was proposed in Europe back in September, and today, two Democratic Senators plan to introduce the measure in the U.S.

Just want to know what everyone thinks about this. I'm on the fence, still. It sounds like a great idea in principle, but I suspect, as with every other tax, and considering the nature of business, it will only get passed on to consumers in the end.

So, whatcha think?

Why does it sound like a great idea in principle?