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Reply #17


Response to Live and Learn (Original post)

Mon Nov 12, 2012, 01:21 PM

17. How to fix the deficit

A 10% tax on stock market transactions would raise 10 trillion dollars a year. We can pay off the national debt in two years. Hell call it an Emergency Tax. We can make the people who got this country into the debt mess pay to fix it. It would also make markets more stable by discouraging High Frequency Trading.

"The proposal would hit especially hard those hedge funds and large banks earning hefty profits despite the shaky economy from a practice known as high-frequency trading. High-frequency traders use powerful computers to conduct hundreds of thousands of orders in mere seconds, taking advantage of slower (human) traders."

Lets say you trade 13,000 shares of a stock at $26. That's $338,000. Under this plan the seller would pay $33,800 to the Government to help pay down the debt. Leaving $300,000. The buyer wouldn't pay the tax until they traded the stocks.

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Arrow 26 replies Author Time Post
Live and Learn Nov 2012 OP
SoapBox Nov 2012 #1
Waltons_Mtn Nov 2012 #12
Drale Nov 2012 #2
OnlinePoker Nov 2012 #20
Drale Nov 2012 #21
Angleae Nov 2012 #24
jschurchin Nov 2012 #3
heaven05 Nov 2012 #4
Gregorian Nov 2012 #5
RC Nov 2012 #6
Myrina Nov 2012 #13
ChazII Nov 2012 #7
on point Nov 2012 #8
xtraxritical Nov 2012 #9
Bainbridge Bear Nov 2012 #10
xtraxritical Nov 2012 #26
Gumboot Nov 2012 #11
msongs Nov 2012 #14
Live and Learn Nov 2012 #16
DCKit Nov 2012 #18
AlexSatan Nov 2012 #25
DJ13 Nov 2012 #15
AntiFascist Nov 2012 #23
LineNew Reply How to fix the deficit
bl968 Nov 2012 #17
colsohlibgal Nov 2012 #19
Scuba Nov 2012 #22
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