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Why is it OK for the exchange to charge fees from every trade motivated by profit, but if the government does it to redistribute, it is somehow labelled as "mar
by JetSpiegel 9y ago
Why is it OK for the exchange to charge fees from every trade motivated by profit, but if the government does it to redistribute, it is somehow labelled as "market distortions"?
Either fees on every trade distort the market, and in that case the exchange is distorting the market, or they don't have appreciable effects and the government can levy that tax.
My opinion is that this a political opinion, and pretending that this is an economic concern is just a smokescreen.
- jstanley 9y agoThe exchange owns the exchange, and provides the service of running the exchange, and can set whatever fees they like, and people are free to use other exchanges that set different fees. The government already takes (more than) its fair share, from existing taxes. It has no right to also levy a tax on every trade on every exchange.