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Bernie Sanders impact on wallstreet if president
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Created: by Itchymoku Attachments:1

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Bernie Sanders impact on wallstreet if president

  #21 (permalink)
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I wouldn't mind if it was .5% taxed onto a trading gain, but also a .5% on a trading loss? :/



ElChacal View Post
@Itchymoku are you single?

Yes

Well then tit for tat, I'm gunna go back to college then if it's free and soak it all up!

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Last edited by Itchymoku; October 14th, 2015 at 08:27 PM.
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  #22 (permalink)
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Itchymoku View Post
Is that 50 cents on $100 of profit taken or just slapped on to any $100 dollar of stocks bought like a commission?

I'm not sure. I'd bet the article was written for the SPX buy and hold investor. My guess is that it would be implemented like a commission, especially if they're trying to tax HFT. For us traders, I'm worried that I'll suddenly be paying like $15 in commissions if they treat derivative trading differently.

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  #23 (permalink)
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feel the Bern



lax99 View Post
I'm not sure. I'd bet the article was written for the SPX buy and hold investor. My guess is that it would be implemented like a commission, especially if they're trying to tax HFT. For us traders, I'm worried that I'll suddenly be paying like $15 in commissions if they treat derivative trading differently.

Just think that extra 10 some dollars per contract will be paying for someone's free ride through school. Every trade you make you can dwell on that thought, meditate if you will.






Last edited by Itchymoku; October 14th, 2015 at 09:29 PM.
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They don't care if you win, lose or draw, you pay...

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  #25 (permalink)
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You can tell Hillary was feeling the heat from the left because she recently proposed a tax on high frequency trading:

Bloomberg Politics

MORE:

https://www.google.com/?gws_rd=ssl#q=hillary+clinton+high+frequency+trading&tbm=nws

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srgtroy View Post
You can tell Hillary was feeling the heat from the left because she recently proposed a tax on high frequency trading:

Bloomberg Politics

MORE:

https://www.google.com/?gws_rd=ssl#q=hillary+clinton+high+frequency+trading&tbm=nws

she has a little better approach to who she's targeting here.

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Itchymoku View Post
she has a little better approach to who she's targeting here.

I think the most likely outcome of legislation in the USA, if any, would be something along these lines. Socialists will probably push it further in Europe, except the UK.

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  #28 (permalink)
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If you implement a transaction tax you kill HFT, severely damage market makers, spreads widen, volumes plummet, and with it exchanges revenues.

In Europe the exchanges all move to Switzerland, in the US they all move off shore.

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