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Politics : Formerly About Advanced Micro Devices
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To: J_F_Shepard who wrote (953168)8/2/2016 9:23:44 PM
From: Stock Puppy  Read Replies (1) of 1574573
 
I'm counting on Hillary to do that......my first priority would be to get the guys paying cap gains rates on carried interest, ie the hedge fund managers..... Then I would go after the corps that play the "inversion" game to get taxed at foreign rates.... There are lots more...…

Somehow I don't think Hillary or Trump will do much - but who knows.

I think a good way to raise money via taxes AND do the market a service (!) would be to have a tax - pennies or percentage - of very short term trades - any buy/sell less than a minute apart would be subject to the higher tax, perhaps even related to the time.

This would hurt high frequency trading which can be such a detriment to the market.

For example, if using percentage:
1 minute 0.01%
1 second 0.05%
0.1 s 0.1%
0.01 s 0.5%
0.001 s 1.0%
0.0001 s 5%
0.00001 s 10%
0.000001 s 20% (microsecond)

OMG - do you realize that we are actually talking about something rare on this board - stocks???
Politely???

Watch out, they might throw us off!
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