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

https://www.realclearmarkets.com/articles/2020/08/21/a_financial_transactions_tax_would_be_a_huge_blow_to_little_guy_574870.amp.html

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
via https://ift.tt/3msp5m1

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