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View Diary: Open thread for night owls: The rich are recovering fine, the rest of us aren't. That's no accident (86 comments)

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  •  no, wrong, and (0+ / 0-)

    it is much easier to impose a simple transaction tax and let the market itself figure out what is "investing" and what is market-manipulating "churn".

    It is hard even to define "high-speed trading" (for purpose of regulation) . . . but a 0.5% transaction tax would put a stop to whatever it is.  It would have no negative effect on real "investing" . . . and half a percent is still nowhere near society's "fair share".

    Fake Left, Drive Right . . . not my idea of a Democrat . . .

    by Deward Hastings on Mon May 06, 2013 at 09:38:03 AM PDT

    [ Parent ]

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