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A fraction of a percent is yuuuge. Entire categories of liquidity providers can be wiped out with taxes on trades as "low" as 0.05% Not sure what people have a
by smabie 6y ago
A fraction of a percent is yuuuge. Entire categories of liquidity providers can be wiped out with taxes on trades as "low" as 0.05%
Not sure what people have against trading or why I should be taxed on buying or selling shares, but the government likes to capture money and spend it on weapons, so I suppose it isn't surprising the idea is being floated.
- Bakary 6y agoThe possibility of getting wealthy this way is only available because there is a stable society to skim off of, and that is in turn the result of the collective work of millions. Trading does not create wealth but shifts it around, so why shouldn't it be taxed?