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...where it renders the greatest volume of spurious transactions unprofitable while imposing the lowest burden on legitimate transactions. And attempting to maximise revenues will not only miss the whole point of a FTT, it will likely prove far more difficult than a proper implementation.

Neoclassicals hardly understand anything about this. To them there are no "free lunches." All payments are payments of value. Any tax is wrong. The details don't matter.

by kjr63 on Thu Apr 12th, 2012 at 12:33:58 PM EST

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