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Posted on 2/2/21 at 7:20 am to slackster
quote:
And ftr, I’m not convinced HFT is really all that bad period.
Interested in why ANYONE would say this.
I realize it offers "some" liquidity but was liquidity really ever a REAL problem?
Seems to be only a useful institutional tool for massive block trades that either introduce an insane amount of risk or artificially move markets beyond traditional bid/ask trade volume.
Read flash boys a while ago and I'm not part of the Yang Gang, just curious as to what the real value is for anyone other than institutions.
This post was edited on 2/2/21 at 7:24 am
Posted on 2/2/21 at 7:40 am to rocket31
quote:
im fine with her tax, fwiw but ONLY if they add in relief
And what happens when we find out that the taxes generated less than projected, which they always do? They will tax us 1%.
And what happens when the program is underfunded, which they always are? They will tax us 2%.
And what happens when funds are wasted or go missing? They’ll tax us 5%.
And what happens when Gov drives hyper inflation to the cost higher education to unaffordable levels, which they already have? They’ll tax us 10%.
Our retirement funds would be destroyed as investors found other ways to make money. Meanwhile, AOC and her political backers make millions and millions off of the Gov contracts and kickbacks.
Posted on 2/2/21 at 8:28 am to iAmBatman
quote:
would imagine 0.1% of the value of each trade
You know, income tax was sold as “it’s just the wealthiest 1% who will pay it”
Now look at the income tax and the rates. To think that a government will see significant increases in revenue and not find a way to spend it, raise more, and spend 20x than they will ever raise even after watching the last 40 yrs of government spending is incredibly short sighted.
That’s straight delusional.
Posted on 2/2/21 at 8:30 am to rocket31
quote:
im fine with her tax, fwiw but ONLY if they add in relief for those who hold a stock/crypto for longer than 3 years: ZERO long term capital gains tax
No compromise, I want zero long term capital gains, the end. Why is it we are always the side that compromises?
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