There are a lot of markets in the world. Unless the whole world adopts the idea, its plain stupidity.
Likely. Trading would flee the US, and the perps would soon be repealing the transaction tax. Principles are one thing, THE MONEY is another.
Excellent post!! The thing is that they need short-term traders and scalpers, we are the ones providing liquidity in the market. Because of us there will allways be someone to sell your position to. If we weren't here, who would want to buy the shares of companies doing bad under these "collapsing" times. If we weren't here providing liquidity, everything would collapse. They need us, I wish they would understand this.
so 200$ for every 1000 shares traded?IS that frikkin nuts or what?That would kill the market ASAP.NYSE Trading vol would go to 200million shares daily like back in 1992.
He's a jackass. I hope he's not in the senate. I doubt any members of congress would approve it. <b>What a f*@$ing idiot.</b>