Why does everyone here seem to think that there would be a market crash if the 1/4% crash tax got introduced? Daytraders and system traders that would be the most affected should have just about zero effect on the long-term price movement. Shouldn't we see some decline in the indecies but nothing major as a result, huge decrease in volume and significant increase in volatility? Aren't we seeing some revenge mentality here instead of clear reasoning about the effects of this tax? Don't be mistaken, I hate the idea of this idiotic tax just as almost everyone here.