You're assuming this will solve financial volatility: the creation of options, liquidity brokers, HFT a virtual cornucopia of financial products and you think t

You're assuming this will solve financial volatility: the creation of options, liquidity brokers, HFT a virtual cornucopia of financial products and you think this tax will solve it? It could actually make it worse because it actually removes liquidity from the system.. And if you want an indication of what it could do, have a look over at the italian markets where it has not helped at all. Just recently infact there was a bond issue that was oversubscribed unexpectedly because the trading system gave no indications it could support that, people now actively bypass secondary markets for their main street business. The tax is even larger than brokerage for shares for retail investors, seriously where will the liquidity come from when its needed?