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Or a simple .01 cent financial transaction tax. Absolutely no effect on the average person, a huge way to raise revenue from bankers and stock traders.
It’s actually higher in many scenarios.
What needs to be taxed like income is loans against the stocks
Or a simple .01 cent financial transaction tax. Absolutely no effect on the average person, a huge way to raise revenue from bankers and stock traders.
Agreed, or just a minimum amount of time that stocks can be owned to kill the high-frequency traders.
Oh yeah that’s right. I forgot about Buy, Borrow, Die.
I agree, though I’d have to do something thinking about the exact right way to implement a tax on that kind of behavior.
Tax idle stock while you’re at it. 1% per share, per current price, per quarter.