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If you can afford t trade on the market are you not expected to help cover the cost of policing it
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drg     Reply with quote
Add a trading services tax, that helps to police the market and raise cash to pay back the American people for this bailout cost.What do you think?The banks are some of the biggest traders on the market and like institutions that trade billions of dollars per day they have a big need to have a secure trading platform.This drop in the market have seen huge losses in captial in the last 8 days that would have been avoided if restrictions were in place that keep the market secure.Such a market services charge would insure a safe, smooth running market place, well worth the pennies charged on every trade made every day.
Star     Reply with quote
Heck, why not just put a 90% incremental income tax on people earning over $1,000,000 a year. That ought to go a long way. The SEC is supposed to already do what you have suggested. Do you think that they even bothered? There were also anti-trust laws on the books to prevent the amalgamation of very large market dominating companies such as FRE and FNM and AIG. Do you think they were enforced?
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