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It would but powerful vested interests would probably fight it tooth and nail. See https://en.wikipedia.org/wiki/Tobin_tax https://en.wikipedia.org/wiki/Tobin_t
by codeulike 6y ago
It would but powerful vested interests would probably fight it tooth and nail. See https://en.wikipedia.org/wiki/Tobin_tax https://en.wikipedia.org/wiki/Tobin_tax
- eru 6y agoNot just powerful vested interests. Anyone who knows anything about economics knows that transaction taxes are bad for efficiency etc. Tax wealth for all I care. But don't tax transactions. (Btw taxing transactions would actually make financial speculation more profitable. Because bid/ask spreads would become wider and prices more volatile.)
- JumpCrisscross 6y ago> powerful vested interests would probably fight it tooth and nail Minimum holds are very different from trade taxes. (The latter is stupid for a variety of reasons.) Minimum holds would make market making more profitable.