La Parisienne Posted December 8, 2012 Share Posted December 8, 2012 The financial sector has imposed huge externalities on the rest of society. America's financial industry polluted the world with toxic mortgages, and, in line with the well established "polluter pays" principle, taxes should be imposed on it. Besides, well-designed taxes on the financial sector might help alleviate problems caused by excessive leverage and banks that are too big to fail. Taxes on speculative activity might encourage banks to focus greater attention on performing their key societal role of providing credit.Joseph Stiglitz (The Dangers of Deficit Reduction) Quote Link to comment Share on other sites More sharing options...
kenuma Posted December 8, 2019 Share Posted December 8, 2019 I have many favorite books and quoters. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.