/biz/ - Business & Finance

https://youtu.be/2O-iLk1G_ng

>29:30

Bernie want's to kill HFT.

/OUR GUY/

Bernie sanders wants to put a tax on trading stocks and bonds. It would no longer be just a tax on winnings but on every transaction
>JOE: When you say a tax on Wall Street speculation, what exactly do you mean by that?
>BERNIE: It will be a tax on all of the sales of a tax, people buy and sell stocks and bonds all of the time, we have a very modest tax on that. And by the way it will have a impact on speculation by cutting back on the high frequency trading which we now see
>JOE: So there is no current tax on this?
>BERNIE: Correct
>JOE: So you would put a small amount and that would do the job?
>BERNIE: That would raise more than enough money
>JOE: When you say small, how much?
>BERNIE: It depends on the nature of the transaction, but its less than 0.5%

This would essentially kill bots and professional traders, we would finally see a more stable stock market where normal people could invest in and not get cucked by bots

https://www.youtube.com/watch?v=2O-iLk1G_ng