do something productive? factories - pollution land - over-farming and de-forestation, eliminating necessary foliage to help reduce green-house gases and increased land erosion office - shuffling papers and transferring wealth tell me how that is less parasitic to the world than being a trader?
Liquidity We all bring our small stakes to the big table and it adds up to make the most liquid markets in the world.
trading=make money to feed our families , give to charity, buy goods and services ( put money back into economy), pay taxes, provide jobs to 10s of thousands in the online brokerage community, information technology community, and accounting community. Provide liquidity so the so called "non parasitic" people dont have to pay a ton of commissions for their trades and get the best price, ya good call crash n burn we do nothing, your spot on Looks like crash n burn was a failed trader who wants know one to trade becuase he cannot
Please do not answer "crash n burn", he might just be 15 year old in the parent's basement having fun by touching on the very hot button for many of us.
Dead wrong, my friend. Trading not only provides liquidity, it also makes it much harder and significantly more expensive for the big players to manipulate prices, which makes the markets that much more efficient.
Why to tax? Maybe markets should be discontinued completely. USSR and former Eastern Bloc had no functioning markets whatsoever. That's why they were so efficient. That should be solution if there is no value in trading. Without trading there are no markets imbecil. No limits to human stupidity. I wonder who pays you to spread this crap on Internet. What are you doing on trading site otherwise you stupid prick?
<i>what is the tangible output of trading? i am afraid there is only one answer and everybody knows what it is. trading is parasitic and should be taxed accordingly.</i> Traders provide liquidity to the markets. Without liquidity, companies would eventually be unable to raise equity capital for their business. Without equity capital, they can't purchase equipment or hire people. Traders is essential to our economy.