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But, due to their investments they do invest it in large quantities, often spread over a large stock portfolio.
And if we had a fraction of a penny financial transaction tax, we’d get a ridiculous amount of money from the investor class and almost no one else would be affected.
That would mean less revenue, but stock traders would still make many transactions per day like they did before HFT, so it would still bring in a massive amount of revenue.
But, due to their investments they do invest it in large quantities, often spread over a large stock portfolio.
And if we had a fraction of a penny financial transaction tax, we’d get a ridiculous amount of money from the investor class and almost no one else would be affected.
For a week, until all the quants do the math and realize HFT isn’t profitable anymore.
That would mean less revenue, but stock traders would still make many transactions per day like they did before HFT, so it would still bring in a massive amount of revenue.
Well yeah, significantly less (50% of all trades are HFT) but I see your point.