You didn't put up numbers becauuse you are both lazy and clueless. you like to argue because you are clueless and don't what you are talking about. people like you should be permanently banned. you don't want to do math. 10 opening and closing transactions at $ 5 is $100. if each transaction is e.g.$ 100,000 to simplify then the cost of opening and closing would be$100,000 x 10 x .001 = $1000 do you know the difference between $100 and an addition cost of $1000 per day? do you understand the consequences? Obviously not.
I'm sure in the end it will be tacked onto commissions as a fixed amount or more likely something that screws you over and helps the HFT people.
You are on ignore because you responses are worthless babble, who cannot deal with the reality of the numbers, as suggested by Bernie Sanders.
It is very sad to see the greatest country USA in history goes down to the "rich people are evil" path. I am an immigrant, I've seen all those real evils in other countries (with corruption and violation of human rights unimaginable here). What made USA great was equal rights/opportunities (not equal distribution) and good capitalism that rewards hard working/innovation. No society is perfect but USA was pretty close. Now everything is about race or make "evil rich people" pay their "fair share". How about almost 50% people who don't pay any federal income tax or don't work? why not have them work their "fair share" and contribute to the society??
He's not wrong I didn't read it lol. Once the brokers get their legal teams to understand what impact this will have on revenue, I'm sure something like what I said is more likely. Remeber that sanders is counting on people not knowing that the GFC was not caused by quants but by government.
"]He's not wrong I didn't read it lol." You can't do the numbers. Now you can't even write clearly. Your vagueness is just a coverup for your proven lack of knowledge of the subject "He's not wrong I didn't read it" you have three pronouns without a reference point. again you write complete babble.
Why are you such an angry person? And why are there so many angry people on this site? It's very strange.
THere is old saying among lawyers if you can"t win on the facts argue the law. If you can't win on the law argue the facts, if you can't win on neither attack the character of your opponent, Since you can't win on the facts( transaction tax) because you are mathematically challenged you respond by commenting I am an angry person. Be a man. admit your assertions were wrong and your math was wrong. regarding bbrnie sanders" suggestion . The fact is frequent traders would be out of business.
Hmm actually you began with the character attacks quite early on. I think you've got some issues buddy.
Come on, you know the difference between broker commissions and transaction tax. You are just playing around.