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‘Flash Boys’ Fuels More Calls for a Tax on Trading

"It’s not every day that you find a fan club for new taxes, especially among economists and legal experts.

"But a burst of outrage in recent days generated by Michael Lewis’s new book about the adverse consequences of high-frequency trading on Wall Street has revived support in some quarters for a tax on financial transactions, with backers arguing that a tiny surcharge on trades would have many benefits.