Sweden has already tried to impose financial transaction tax in 1980s and miserably failed: https://en.wikipedia.org/wiki/Swedish_financial_transaction_tax#Mar

Sweden has already tried to impose financial transaction tax in 1980s and miserably failed: https://en.wikipedia.org/wiki/Swedish_financial_transaction_tax#Market_reaction https://en.wikipedia.org/wiki/Swedish_financial_transaction_... This is bad news for EU and good news for Singapore, Hong Kong and other more pro-free-market countries. These socialists often forget that there is a global competition between countries for capital and investors. Financial transaction tax will decrease liquidity, increase spread, increase volatility and decrease volume. And EU won't going to attract new long term investors either because EU isn't growing at all (thanks to high taxes and excessive regulation). Do you want to buy EURO STOXX 50? I don't.