Fee on banks? Tax on stock trades better idea...

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CarlWohlforth
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« on: June 26, 2010, 11:59:09 AM »

I trade stocks and am not a bank but I still think a 10 cent tax on stock trades would slow down the frenetic pace of trading. Short term holding periods are now 14 seconds! Remember the flash crash? With billions of shares traded daily a 10 cent per trace or 1/10 cent per share would raise millions daily and help rationalize trading. I think that is a better way to pay back the gov't for bailing out the banks.
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