The money is THERE, just take it. Part 38

[WarGamer]

Another trivial fact...

Approximately 15 BILLION shares of stocks trade daily. (2021 so far)

A ONE PENNY/SHARE fee/tax on each and every Wall St. transaction would net 150 million dollars a DAY.

ONE DIME/SHARE would produce 1.5 Billion Dollars a day.

ONE DOLLAR/SHARE would produce 15 Billion dollars a day.

So when some whale buys 1000 shares of Tesla ($620/share) = $620,000 he'd pay either $10, $100 or $1000... in other words, a pitiful amount.

The sons of bitches have the money.

You just gotta' take it.

Since I'm compassionate... make it a penny on stocks under $10, a dime on stocks $!0-100 and a dollar on all $100+ stocks.

[HUAJIAO]

1. Great idea....

[Hoyt]

2. Neither Sanders' or Warren's FTTax plans come anywhere close to that.

Their plans, at best, would produce $100 Billion a year. A good start, but it’s like 1.5 months of the current deficit without infrastructure, healthcare, jobs, childcare, and more.

[brooklynite]

3. You had me until you decided to disparage the people who are investing...

The sons of bitches have the money.

No objection to paying taxes to meet our fiscal needs; no need to slam the people you're collecting the taxes from.

[Bristlecone]

4. I agree. I payed more in taxes last year than ever before because of stock sales

And I’m not rolling in dough.

[WarGamer]

8. I'm thinking more of the hedgies and billionaires than "normal" investors...

But yeah, I let my emotions fly a bit on the topic...

[Mopar151]

10. Arbitraguers, Program, Hugh Speed Traders

All are parasites on the market, and any sort of tax would hurt them, and greatly reduce the number of trades overall. All for the best , I figure!

[Baked Potato]

5. Agreed! I'm fine with the passion. I know who you mean.

Something’s gotta give.

[James48]

6. Some of my shares are like $3

So you better not make it a dollar a share.

Just make it a flat-tax of 1%. A decade ago, most s mutual fund investments had a sales charge larger than that. Just make it an across the board transfer tax - and you get the first $10,000 a year without charge, and , if it’s in a 401(k) type retirement account, make it 75% off. You’ll still get plenty.

[WarGamer]

7. sounds fair...

[bringthePaine]

9. and yet NO ONE whines about the price of lottery tix...go figure...