Making the World Safe for
Perry E. Metzger
pmetzger at lehman.com
Fri Aug 13 11:58:32 PDT 1993
Duncan Frissell says:
> Hal, the point is that the government actions you fear are politically
> unlikely and would be limited to one nation in any case. Par example -
> humorous letter to the editor in today's NYT from someone I'll call
> "Clueless in New Jersey." He promotes the idea of a 1% tax on the markets
> for currencies and derivatives (because they are volitile, unproductive
> and hurt governments). Even before the passage of such a tax, the
> currency traders would have relocated themselves (physically or virtually)
> to an untaxed location.
Indeed, virtually all Swedish stocks are now traded in London for much
the same reason.
Perry Metzger
More information about the Testlist
mailing list