Bruce_T_Laney
Platinum Member
- Banned
- #221
No, less people will not be trading.Better access to higher education.
Talking myopically again. So let me explain what would happen. If you tax trades, less people will be trading. When that happens, the market slows down in growth or drops. When that happens, companies have less money to invest. When that happens, less people are working. When that happens, the economy turns negative. When that happens, people end up on social programs which cost all of us money.
No, less people will not be trading. What are they going to do? Put their money in the bank and make .05%?
Hilarious!!
What are they going to do?
Eventually, they'll figure out a way to do their trading on the London Exchange or some offshore darkpool that won't pay the tax.
Better still. Less mess to clean up when it crashes.
How does trading in London instead of New York make "less mess"?
That individual is trying to make the argument that if we have Universal Healthcare people prepping his or her food at the nursing home will never be sick...
So you know the left is not all there with this argument...