“The power of Wall Street can’t be overestimated.”

216 holds in 3 copies in LINKcat

‘Flash Boys’ Fuels More Calls for a Tax on Trading.  (The New York Times, 4/7/2014)

Which will go nowhere.   Not only are Republicans in Congress against new taxes in general, as are many Democrats, but opposition from deep-pocketed campaign donors on Wall Street is enough to persuade even politicians who might favor the idea to back off.

And now that the Supreme Court has eliminated the cap on the total amount an individual can contribute to federal candidates in a two-year election cycle, the biggest donors will increasingly hold sway.

Another victory for oligarchy.