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View Diary: Psst. Hey, Pal. Wanna Make a Quick 350 Bil? (14 comments)

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  •  I favor a tranaction tax (3+ / 0-)

    as long as it is very small and thoughtful. Each class of assets needs a different rate and the fee should be small enough to not impact trading patterns and drive trades to other market.

    "let's talk about that"

    by VClib on Tue Mar 05, 2013 at 09:27:26 AM PST

    •  Excellent point. (2+ / 0-)
      Recommended by:
      high uintas, belinda ridgewood

      The proposed DeFazio/Harkin FTT would exempt IPOs and stocks, bonds, etc. put out as loans (presumably options offered as compensation, though I don't know for sure).

      also, with European countries moving quickly to impose their own FTTs, the "move to other exchanges" argument is weakening.

      Republicans represent both sides: the insanely rich and vice versa.

      by Crashing Vor on Tue Mar 05, 2013 at 09:30:57 AM PST

      [ Parent ]

    •  You sure 3/100s of ONE PERCENT is small enough? (1+ / 0-)
      Recommended by:
      Crashing Vor

      I mean, it might NOT be totally negligible - maybe we should lower it....

      Nah.  In fact, we ought to bump this higher, say THREE TENTHS AND install a trader tax on transactions where the buy and sell occur within, say, 30 days;  just to put the lid on churn.  Oh, and make money from those with direct access to the money river;  that, too.

      I am a leaf on the wind - i hover, twirl, float,
      Weightless, frictionless, I fly

      by chmood on Tue Mar 05, 2013 at 10:24:34 AM PST

      [ Parent ]

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