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comment by roland19d
roland19d  ·  4331 days ago  ·  link  ·    ·  parent  ·  post: Ask Hubski: New Tax Revenue Options

Tenth of a percent on all derivative trades and all computer based trades.





mk  ·  4331 days ago  ·  link  ·  

A variation on this might be to put the tax on all investments held less than 24 hours.

user-inactivated  ·  4331 days ago  ·  link  ·  

I feel like this would have lots of unintended consequences.

cliffelam  ·  4331 days ago  ·  link  ·  

That's certainly something that could be driven off shore in a matter of quarters. (The time, not the coin.) Pushing activities into another country isn't my goal, YMMV.

Plus, the bulk of these transactions are handled by pension funds and money managers, so it's really a tax on retirement savings for small individuals.

-XC

roland19d  ·  4330 days ago  ·  link  ·  

Possibly but given the proximity necessary for the servers at the actual exchange to execute the trades, moving offshore would put anyone who wants to execute NYSE CBTs at a tremendous disadvantage - one that I don't think any manager would willingly take to avoid the tax.