Black Engineer: Making College Tuition Free and Debt Free

Black Engineer reports that in a summer 2015 commentary, Bill Harts, CEO of the Modern Markets Initiative, agreed that affordable college for all is a noble pursuit and that capital markets can play a beneficial role in making it happen, as they have already for millions of families. Harts wrote that while the prospect of a financial transaction tax sounds like a prudent measure, it’s actually the very definition of irresponsible regulation.  “Such a tax would inflict an unnecessary financial burden on retail investors, drive participants out of the marketplace and, as a result, fail to accomplish its original goal,” said Harts, who heads Modern Markets Initiative, an education and advocacy group focused on the role which principal trading firms perform to improve markets for all, using high-frequency trading strategies.  

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