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Kristof: 'Occupy Wall Street' Needs Clear Goals

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kirkspencer10/03/2011 6:31:59 am PDT

re: #308 FQ Kafir

The problem with a financial transaction tax is that you will, by the nature of the tax, have less financial transactions. That is what happens when you tax something.

What follows from fewer financial transactions?

You’ve presented the Laffer Curve argument. It suffers when confronted with reality.