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Technology Stocks : Apple Inc.

AAPL 259.35

+0.1%

Jan 9 9:30 AM EST

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To: OrionX who wrote (116133)	8/5/2011 6:55:58 PM
From: HerbVic	1 Recommendation Read Replies (3) of 213182

Federal sales tax on market trades! Solves 2 problems: Federal revenue and HFT's mucking up the electronic order matching process. Sales tax would be based on trading fees, not $ volume. At 3% a sell or buy order with a $10 ticket to ride would yield 30¢ to pay down the debt. Just knowing that the debt was getting paid down would have all kinds of positive effects on the economy and and on the valuation of equities. I have no idea what the fees, if any, are on these high frequency trades, but I can assure you that if there was sufficient cost associated with it, there would more prudence applied to their execution.

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