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In reply to the discussion: Eliot Spitzer: Tax the Traders! It Would Solve Economic Crisis and Stop Reckless Activity [View all]1StrongBlackMan
(31,849 posts)14. Bottomline ...
High-speed trading and speculation have overtaken the economically legitimate reasons for our desire to have highly liquid markets: the capacity to raise capital and then allocate it efficiently among sectors and companies.
The stock market stopped being about the raising and efficient allocation of capital when the bankers realized that with high-speed trading, they could make millions by exploiting very small price swings in stock prices.
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Eliot Spitzer: Tax the Traders! It Would Solve Economic Crisis and Stop Reckless Activity [View all]
marmar
Dec 2012
OP
I like your enthusiasm but the ball is in our court. It's Wall Street that are saying
rhett o rick
Dec 2012
#5
This just absolutely needs to be done. And I invest in stocks. But it's just self evident.
Squinch
Dec 2012
#3
"Eliot Spitzer ill-informed on financial markets" ???? Dude, what are you smoking?
99th_Monkey
Dec 2012
#16
Was there something confusing about "Not one of your statements is even remotely true"?
Egalitarian Thug
Dec 2012
#56
I agree with Vox Populi on his proposals. I also agree that the general attitude displayed
AikidoSoul
Dec 2012
#48
Do you have any idea how many degrees and decades of experience you are poo-pooing
Egalitarian Thug
Dec 2012
#62
So you are saying that it would be better to apply a fee on # of shares transacted than
Squinch
Dec 2012
#57
I'd actually be more in favor of a tax hike on capital gains. 25% tax rate on gains over $100,000.
Selatius
Dec 2012
#18
No one is suggesting going back to previous years, when there was a difference in the tax owed....
northoftheborder
Dec 2012
#24
Even a .25% across-the-board federal transaction tax would be sufficient.
Egalitarian Thug
Dec 2012
#31
K&R. I wrote to my congresspeople saying that until this has been tried there is no reason at all to
Overseas
Dec 2012
#33
Meanwhile in Europe: EU Moves Ahead With Transaction Tax in Rejecting U.K. Changes
pampango
Dec 2012
#63