Found Money.

The article presents a proposal for a financial transaction tax (FTT). It is argued that an FTT would function by taxing transactions involving stocks, currencies and debt instruments. It would be a progressive tax, with most of the revenue coming from wealthy individuals or corporations. It is argued that an FTT would have a salutary dampening effect on overly volatile financial markets. The popular appeal of such a tax, which could be characterized as benefiting mainstream Americans at the expense of financial tycoons, is also noted. An example involving stock trading is provided.