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re: CNN- whitehouse looking at .1% transaction tax on stock
Posted on 2/21/21 at 9:17 pm to DesScorp
Posted on 2/21/21 at 9:17 pm to DesScorp
quote:
It would put an end to the bullshite algorithm flash trading.
Why do you assume that? It bites into their profits, but it's just that, profit, so why the hell would they quit over .1%?
1
Posted on 2/21/21 at 9:23 pm to Mizzoufan26
A 0.1% tax on stock, bond and derivative transactions could raise $777 billion for the federal government over a decade, according to a 2018 estimate by the nonpartisan Congressional Budget Office.
This post was edited on 2/21/21 at 9:25 pm
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