With A Modest Financial Transactions Tax, Jim Simons Would Not Have Been Superrich – OpEd

The New York Times reported that Jim Simons, the founder of Medallion hedge fund, died this week. As a result of his fund, according to the article, he accumulated more than $20 billion over his lifetime.

Simons was a math genius who had made many important breakthroughs in various areas of math. Back in the 1980s, he...