Much of the U.S. manufacturing has already moved to China, leaving behind scores of unemployed factory workers and foremen. The U.S. financial services system has stepped in to replace manufacturing as one of the key and too-big-to-fail pillars of the U.S. economy. Yet, a new threat to the U.S. financial services and, as a result, domestic economy as a whole comes in the form of Financial Transaction Tax (FTT).

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