So, how do we feel about the FTT plan? (tax on buying and selling stock regardless of if u make money)

Bidens running mate Kamela has been vying for a .002 tax on buying and selling shares

Under the proposal, if you buy 1000$ worth of stocks, buying would cost 2$, selling would cost 2$

This would be armageddon to HFT..who look to make literally a penny per trade. Any strategy that looks to make quick profits would suffer.

Dont HFT have politicians in the back pocket to prevent this bill from passing? 😉

Submitted October 25, 2020 at 04:36PM by SpamSteal

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s