Originally published on by East Texas Review

Barclay on Financial Transaction Tax

The Robin Hood Tax

Great opinion piece by former Chicago Stock Exchange executive and Wealth for Common Good member, Bill Barclay:

We must reduce the role of finance so that it once again supports the real economy of goods and services, rather than playing its master. Following years of neglect, we have huge needs for investment in our physical and social infrastructure.

Fortunately, we can meet these two daunting challenges with one simple step: the Robin Hood tax. If we levy a tiny tax on every financial transaction, we can steer the financial industry away from the casino and back to a more productive role.

Read full article on East Texas Review website.