Securities Transaction Tax Debate

August 9, 2011

A financial transaction tax is a small tax placed on a specific type (or types) of financial transactions. The way it is often discussed is a small tax on each trade of stocks, derivatives, currency, and other financial instruments.

Introduction: Ralph Nader Consumer Advocate

- Moderator, Dean Baker Dean Baker is co-director of the Center for Economic and Policy Research. He s worked as a consultant for the World Bank, the Joint Economic Committee of the U.S. Congress - Moderator, Gus Sauter George U. Gus Sauter is the chief investment officer of Vanguard Group. Sauter has been a trust investment officer with First Bancorp of Ohio (formerly The First National Bank of Ohio)

Robert Pollin, arguing for the tax - Professor at UMass (Amherst), Robert Pollin s research centers on macroeconomics, conditions for low-wage workers in the U.S. and globally, the analysis of financial markets, and the economics of building a clean-energy economy in the U.S. Pollin s main research center is the Political Economy Research Institute

Jim Angel, arguing against the tax - Professor James Jim Angel at Georgetown University has worked at BARRA (now part of Morgan Stanley) where he developed equity risk models. He has also been chairman of the Nasdaq Economic Advisory Board and a member of the OTC Bulletin Board Advisory Committee. He currently serves on the Boards of Directors of the DirectEdge stock exchanges

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A financial transaction tax is a small tax placed on a specific type (or types) of financial transactions. The way it is often discussed is a small tax on each trade of stocks, derivatives, currency, and other financial instruments.

Introduction: Ralph Nader Consumer Advocate

- Moderator, Dean Baker Dean Baker is co-director of the Center for Economic and Policy Research. He s worked as a consultant for the World Bank, the Joint Economic Committee of the U.S. Congress - Moderator, Gus Sauter George U. Gus Sauter is the chief investment officer of Vanguard Group. Sauter has been a trust investment officer with First Bancorp of Ohio (formerly The First National Bank of Ohio)

Robert Pollin, arguing for the tax - Professor at UMass (Amherst), Robert Pollin s research centers on macroeconomics, conditions for low-wage workers in the U.S. and globally, the analysis of financial markets, and the economics of building a clean-energy economy in the U.S. Pollin s main research center is the Political Economy Research Institute

Jim Angel, arguing against the tax - Professor James Jim Angel at Georgetown University has worked at BARRA (now part of Morgan Stanley) where he developed equity risk models. He has also been chairman of the Nasdaq Economic Advisory Board and a member of the OTC Bulletin Board Advisory Committee. He currently serves on the Boards of Directors of the DirectEdge stock exchanges



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