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