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Part One: Conversation with Wolf Richter, editor of the Testosterone Pit…where the truth comes home to roost. Hot Air Hisses Out of Housing Bubble 2.0: Even 2 middle class incomes aren’t enough anymore to buy a median home http://www.testosteronepit.com/home/2014/4/7/hot-air-hisses-out-of-housing-bubble-20-even-two-middle-clas.html Part Two: Conversation with Dan Kervick, contributor to neweconmicperspectives.org On High Speed Trading. Is it time for Transaction Taxes? We can re-ignite our economy by re-inventing taxes. In the US, a transaction tax of just 0.35% could raise enough revenue to balance our federal budget, while shrinking the IRS and saving trillions of dollars. Under a transaction tax, every individual, rich or poor, and every company, big or small, would pay the same flat tax on transactions. The tax would be progressive because wealthy individuals and corporations conduct the most transactions, and it would be fair because no interest group could avoid it through loopholes or illegal means. With everybody paying their equal share, we would all benefit from much lower tax burdens, more money in our pockets and a growing economy. thetransactiontax.org host: arnie arnesen follow her on twitter at pchowder in house blogger: susan bruce follow her on susanthebruce.blogspot.com/
