Tax on Wall Street

According to Prospect.org, instituting a Financial Speculation Tax could rein in some of the worst excesses of financial markets that too often operate like casinos. By increasing the costs of placing trades, the tax would moderate trading activity generally, but it would most strongly deter short-term trades rather than longer-term investments. Importantly, for example, an…

Consumption Tax

Taxing products such as alcohol, tobacco, junk food, recreational drugs, fossil fuels, and fossil fuel by-products is a way of funding  public health services. A consumption tax is considered a voluntary tax insofar as  citizens might choose not to buy inessential items.    Advocates of the consumption tax say that taxing rather than outlawing these products…