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View Diary: President Obama's Opening Move: Raise $1.6 Trillion In New Tax Revenue From The Wealthy (222 comments)

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  •  why (0+ / 0-)
    A tax like this will needlessly screw the markets and make capital much more expensive, plus push trading offshore to places smart enough not to have a transaction tax.

    If you want to curb computer trading, just make a requirement that every order transmitted to a US exchange must be valid for a human-perceptible time (5 seconds or what have you). That alone would stop most computer trading abuse.

    if a miniscule tax would induce the parasitic class to move offshore, why wouldn't a prohibition on trades valid for less than five seconds?

    If it really would stop their abuse, why would they fight it any less strenuously than any other means of stopping the abuse?

    If they're going to leave, let them leave and stop leeching off of the non parasitic sectors of our economy.

    It's been a hundred years, isn't it time we stopped blaming Captain Smith for sinking the Titanic?

    by happymisanthropy on Wed Nov 14, 2012 at 10:02:25 AM PST

    [ Parent ]

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