2min chapter

Ralph Nader Radio Hour cover image

The American Dream: And Other Fairy Tales

Ralph Nader Radio Hour

CHAPTER

The Importance of a Stock Transaction Tax

There are three principles that need to go into the next major rewrite of the American tax code. Number one, we need a tax that is directly tied to the level of inequality in the country. As the inequality goes up, the tax on the richest people in the country also goes up until it makes our country less equal. There's proposal for a stock transaction tax on stock trades, bond trades and derivatives which would at a one-third of 1% sales tax raise $300 billion a year with a B.

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