USA Today Calls for Financial Transaction Tax

“In a sane world, high-frequency trading would be a minor specialty at best,” says a 9/27 editorial. “But in the bizarro world that Wall Street has become, such activity now makes up the majority of all trades…” With the SEC preparing to hold a hearing on possible remedies, USA Today proposes a “s a simple one: Slap a small transaction tax on rapid trades, impeding the practice and returning markets to their core purpose.”