Reining in Wall Street to Benefit All Americans

Dean Baker

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: There has been considerable interest in financial transactions taxes (FTTs) in the United States and other wealthy countries in the years since the financial crisis. An FTT can be a way to both raise a large amount of revenue and also rein in the financial sector. This report examines the evidence on the potential for raising revenue through an FTT, its impact on the economy, and also the possibility of using the revenue to defray in particular the cost of higher education. This report was published by The Century Foundation's Bernard L. Schwartz Rediscovering Government Initiative.

JEL-codes: G G2 G28 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2016-07
New Economics Papers: this item is included in nep-cse and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2016-11

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