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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (23688)	3/24/2025 11:17:40 PM
From: Augustus Gloop	1 Recommendation Recommended By Kirk © Respond to of 27066

We can call it the vig

To: Kirk © who wrote (23688)

3/25/2025 9:39:36 AM

From: Elroy

Read Replies (1) | Respond to of 27066

That is probably the biggest reason I am in favor of some sort of small transaction tax to fund the SEC and perhaps pay down debt.

Taxes go into the Treasury to fund the budget - they aren't allocated for specific departments.

A small tax? Do you think some future politician may be interested to increase it slightly, because, you know, everyone trading stocks is rich, so lets get 'em! Repeat. Repeat. Repeat.

No such thing as a permanently "small tax", dude!

I think rather than tax transactions the regulations should encourage brokerage to allow customers to put in limit orders which go the the 10,000th place decimal, or something like that. High freuency traders benefit from the wide spread. Let us who care about fractions of pennies put in limit orders in fractions of pennies, and make the market honor the best or gets priority rule. That's enough.