Re the original thread topic: Taxing a trader on a per trade basis is akin to taxing a baker for every loaf baked or a wedding photographer for every photo taken. Certainly a good way to fuck up someone's business.
Lol. That's what exactly happens. Each dollar of revenue taxed. Let's forget the few loafs that do not make it onto someone's table.
appealing to common sense is a tactic of last resort because of your continued failure to disprove the mathematics that show the FTT results in active traders losing their capital. where are your phantom hk traders who are taking 1% from the market on a daily basis and are keeping 1/2% after the stamp tax resulting in $1 growing to $3.48 at year end. again you fail to disprove the numbers.
by comparing the trading business to the baking business not only have you proven again that you don't know the trading business but you have expanded your horizons to prove that your knowledge of the baking business is also nothing to talk about.
i put up the numbers that $1 turns into $3.48 based upon your numbers. you put up the ridiculous numbers that your hk hedge fund traders take gross out of the market 1% on a daily and net .05% after paying the stamp tax. as usual your response is a fabrication of reality.