Retirement Savings as a Political Cudgel in the Debate over FTTs

Street signs for Wall Street and Broadway are mounted on a pole beside a traffic light. Historic buildings with classical architecture are in the background.

A financial transaction tax (FTT) is exactly what it sounds like: a tax imposed on the exchange of all or certain types of financial instruments. A well-known example of such a tax is the British stamp tax—a modern version of the tax that contributed to the American independence movement. Recently, several prominent presidential candidates, including Bernie Sanders, Elizabeth Warren, and Kamala Harris, have called for such a tax…Read More