Quote by Eliot Spitzer
We are all used to paying a sales tax when we buy things - almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way.
Summary
The quote suggests implementing a sales tax concept in the financial sector as a solution to generate revenue, restore stability, and ensure fiscal responsibility. By applying a tax on financial transactions, similar to a sales tax, it aims to address the need for funds and regulate the financial sector. This approach could potentially bring about balance and contribute to the financial well-being of the government while fostering a responsible economic environment.
Topics
Government
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