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Politics : Stand Up Against a Transaction Tax -- Ignore unavailable to you. Want to Upgrade?

To: R2O who wrote (1)2/26/2009 1:36:52 PM
From: BWAC1 Recommendation  Read Replies (2) | Respond to of 9
 
All such a tax will accomplish is driving small investors OUT of the markIt. It will dry up liquidity. It will widen bid/ask spreads. It will vaporize volume. It will be far more detrimental to small investors than to a large Wall Street firm.



To: R2O who wrote (1)2/26/2009 2:12:01 PM
From: John J H Kim2 Recommendations  Respond to of 9
 
Yes, a .25% tax on total transaction translates into a much much bigger percentage on the profit on the transaction.

And as an extra bonus, you STILL have to pay if you have a LOSS on the transaction.

This is a REAL KILLER.


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