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TAX TRADES

By tovarichpeter   Follow   Sat, 1 Dec 2012, 5:40pm   195 views   4 comments
In South San Francisco CA 94080   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.washingtonpost.com/opinions/ralph-nader-why-a-tax-on-stock-trades-should-be-part-of-a-fiscal-cliff-deal/2012/11/30/d6a1285e-3a38-11e2-8a97-363b0f9a0ab3_story.html?hpid=z1

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1. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

   1   5:58pm Sat 1 Dec 2012   Share   Quote   Permalink   Like   Dislike   Bullshit.

2. mell Follow Befriend (5) 53 threads 1,300 comments Premium

   2   6:07pm Sat 1 Dec 2012   Share   Quote   Permalink   Like   Dislike   Yeah the way it stands it's bs. They could have though a very small fractional transaction tax so that HFT pay their share instead of illegally front-running the rest. Also every bid and ask has to stand long enough so that a non-HFT algo or human can act on it.

3. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

   3   6:12pm Sat 1 Dec 2012   Share   Quote   Permalink   Like   Dislike   mell says Yeah the way it stands it's bs. They could have though a very small fractional transaction tax so that HFT pay their share instead of illegally front-running the rest. Also every bid and ask has to stand long enough so that a non-HFT algo or human can act on it. I am still against any form of transaction tax. However, making every bid and ask stand for at least 1 second can make the market better over time. But HFT is not sustainable anyway. The algorithms may collapse on its own. Perhaps nothing needs to be done. The only worrisome thing is the potential bailout by the taxpayers...

4. Peter P Follow Befriend (4) 117 threads 17,655 comments Premium

   4   6:16pm Sat 1 Dec 2012   Share   Quote   Permalink   Like   Dislike   Black swans are showing up at higher frequencies (no pun intended) not only because of HFT. Things that happening faster simply because of networking technologies. Can we blame it on Al Gore? I think we must learn to profit from black swan events. http://www.amazon.com/Antifragile-Things-That-Gain-Disorder/dp/1400067820/ref=la_B000APVZ7W_1_1?ie=UTF8&qid=1354413720&sr=1-1