ST Alpha - "I've wanted something to stop the unproductive computerized quick trading for a while, but I'm not sure this will do that." (Reading a Post)

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I've wanted something to stop the unproductive computerized quick trading for a while, but I'm not sure this will do that.

Posted by ty97 Nov 3 '11, 06:48

DeFazio says "�The first step on the long path to recovery happens when we rein in the excessive speculative activity that has destabilized our financial system" but the blog entry goes on to say the tax rate is very low. If the rate is very low, then how is this going to curb anything? It will generate revenue, but won't stop the activity.

If this truly de-stabilized our economy, forget they money grab and just ban it.

Responses:

I think in some cases, the speculative activity has low, but fast-turn profits. take a small percent away, and it's far less attractive. - drumstick jones Nov 3, 06:54 1
- Yeah, this part makes sense. If the margin on the trades was low, then a low tax rate would dissuade them. -- nm - ty97 Nov 3, 07:31
[deleted] 2
- Assuming they are making no money on the trades, that's correct. - ty97 Nov 3, 07:30 1
  - [deleted]
*addition - ty97 Nov 3, 06:49 2
- [deleted] 1
  - Yes of course. I'm so guilty of that all the time. -- nm - ty97 Nov 3, 07:31

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I've wanted something to stop the unproductive computerized quick trading for a while, but I'm not sure this will do that.

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