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What Would Happen if Bernie Sanders Taxed Wall Street?

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John Carney of the WSJ looks at the financial transactions tax proposed by 2016 U.S. presidential candidate Bernie Sanders to pay for high college tution costs.

The financial transactions tax proposed by 2016 U.S. presidential candidate Bernie Sanders to pay for tution costs at public colleges

02/16/2016

Sanders says the tax would raise $75 billion, the Tax Policy Center estimate is $50 billion. The tax was originally intended to limit speculation and frequent trading, and called the Tobin Tax after economist Tobin. It would reduce trading, result in slower markets and improve returns in the long run, say some experts.

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