'The real burden gets placed on the savings community,' Kirsten Wegner, CEO of Modern Markets Initiative, told Markets Insider.
Senator Bernie Sanders has proposed a financial-transaction tax on Wall Street to support his plan to make college free and pay off all outstanding student debt. Other legislation also proposes such a tax to deal with inequality. Business Insider spoke to a handful of industry watchers, who outline their case for why a transaction tax could ultimately hurt Main Street and capital markets alike. Read more on Markets Insider.
Senator Bernie Sanders has proposed a financial-transaction tax on Wall Street to support his plan to make college free and pay off all outstanding student debt. Other legislation also proposes such a tax to deal with inequality. Business Insider spoke to a handful of industry watchers, who outline their case for why a transaction tax could ultimately hurt Main Street and capital markets alike. Read more on Markets Insider.
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