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January 18, 2013

Who--who, I ask you--could possibly have foreseen this?

"France's Financial Transaction Tax Experiment Is Turning Into The Worst Kind Of Failure".

In other words, instead of curbing excessive speculation, the tax is simply forcing those speculative activities into darker, less-regulated corners of the market.

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kyle8

I am not saying the tax would have worked, but it was quite stupid of them to target only one type of financial transaction and not make it apply to all types of transactions.

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