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I'd never heard of this before, but now that I have I love the idea. A tax on all financial transactions? Expected to curb high speed trading, speculation and big financial bonuses? Perfect! Sounds like this would be a perfect way the curb many of the excesses of the market. It would increase the cost of trading and make people more carefully consider their trades. It would create an incentive for a smaller volume of longer term trades. Sounds like that's what we want!