Open Thread

by Mary

Courtesy of Dean Baker, today's Thought of the Day on why a Financial Transaction Tax makes sense and why we don't need to worry about this tax forcing the Bankers to relocate overseas:

Of course the prospect of the financial industry moving overseas should not be troubling any case. Why should we be any more bothered by buying our financial services from foreigners than by buying our steel from foreigners? If the industry moved overseas, then it could corrupt some other country's politics.