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Reining in Wall Street to Benefit All Americans

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  • Dean Baker

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.

Suggested Citation

  • Dean Baker, 2016. "Reining in Wall Street to Benefit All Americans," CEPR Reports and Issue Briefs 2016-11, Center for Economic and Policy Research (CEPR).
    • Handle: RePEc:epo:papers:2016-11
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    More about this item

    JEL classification:

    • G - Financial Economics
    • G2 - Financial Economics - - Financial Institutions and Services
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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