This will likely reduce liquidity and have ETF even more clogged up, consequently have the market become even more of a bingo casino then it already is. Won't change shit, it's literally a Tax, it won't change manipulation... Spoofing is always cancelled before execution, so they won't be taxed for manipulation
Yeah, let's have lots of people killed and maimed in a revolution so we get to keep more of our money! And destroy our economy while we're at it, but hey, as long as we've got our's, right?
%% Dont know i never blamed them either way.And again ,Doug Kass needs to send the US Treasury tax off all his trades.LOL
I'll make a prediction. This will pass in some form and it will have bipartisan support. In today's politics it's just too easy to stick it to "rich" people and Wall Street.
heres yet another arguer for the FTT in Bloomberg opinion 2 days ago https://www.bloomberg.com/opinion/a...hat-ought-to-be-in-every-candidate-s-platform
%% WELL NY,NY is known for HIGH taxes; + NYT is known for stupid stuff. BUT a tax cutter like Pres Trump most likely would veto it. NY is losing so many people to low tax states, I doubt if it would ever pass. I don't do much daytrading + I AM still against it...……………………………………………………………………………….
Yeah 10 basis points on $10K ($10) sounds like "bfd... that's nothing" to the average Joe out there. "Go for it." But if I open and close a total of (4) 100 share positions of TSLA in the course of a day.... $80K each.... that's $320. Leave the individual day-traders out please.