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Sweden tried it and had to go back on this due to liquidity drying up. By the way, we already have transaction taxes in the US. That's how we fund the SEC and
by vasilipupkin 11y ago
Sweden tried it and had to go back on this due to liquidity drying up. By the way, we already have transaction taxes in the US. That's how we fund the SEC and CFTC. Every sale of stock is charged an SEC fee. The issue is, if you set these fees too high, then you will in fact harm investors by reducing liquidity.
- blazespin 11y agoSweden's fee was probably a bit high. They also were too small to implement it and didn't discourage the use of foreign brokers enough.