Congress should immediately pass the Wall Street Tax Act,(A Financial Transaction Tax - FTT), which would tax the sort of high-speed trading that has turned the financial sector into a casino at the expense of our communities.
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Stephen has the perfect explainer video for anyone trying to figure out what the heck is happening on Wall Street, as giant hedge funds get brutally punished by swarms of Reddit users harnessing their collective power to boost GameStop's stock price. #Colbert #ALateShow #Monologue
New York Democratic legislators are trying to tax stock trades and capital gains. Wall Street is horrified by such a development — but luckily, their millions in campaign contributions have helped create a solid friend in Andrew Cuomo.