Tax on Speculation Could Reduce Deficit

But the American banks and Federal Reserve would probably not even entertain this idea since they are all in cahoots on their little pyramid scheme.

Clipped from www.guardian.co.uk

World economists urge G20 ministers to accept Robin Hood tax

1,000 number-crunchers have written to policymakers asking them to impose levy on City speculators to help poor

They argue that if a tax were levied on transactions such as currency trading at just 0.05%, it could raise hundreds of billions of dollars to be ploughed into international development and climate change projects. Some of the proceeds could also be retained by governments in the countries where the transactions take place, including the UK, helping to repair the hole in governments' coffers. Read more at www.guardian.co.uk