Wall Street Financial Tax: It is long overdue.

http://www.alternet.org/economy/will-government-use-its-new-leverage-over-financial-industry?akid=11734.294211.yiVIW6&rd=1&src=newsletter983753&t=25

consider the basics of the tax proposal. The idea is that if a tiny fee is slapped on securities transactions — say, a cent — the tax will barely affect the average investor but will force high-frequency, high-volume traders to pay a lot. Consequently, those predators might see less of an upside from — or even abandon — their market-rigging schemes. And if they don't, then at least the government will generate new resources to enforce laws protecting average investors.

And, this was not the only study to reach this conclusion this week. Another study published in the Political Research Quarterly found that only the rich get represented in the US senate. The researchers studied the voting records of senators in five Congresses and found the Senators were consistently aligned with their wealthiest constituents and lower-class constituents never appeared to influence the Senators’ voting behavior. This oligarchic tendency was even truer when the senate was controlled by Democrats.