You are here
Strangle high-frequency trading with a small financial transactions tax
This proposal aims at "stock market trades" but should cover futures market trading too.
* * *
From Public Citizen, Washington
Monday, September 16, 2019
WASHINGTON -- Most middle- and low-income families would pay little or nothing if Congress were to levy a 0.1% tax on stock market trades, according to a report Public Citizen issued today:
https://www.citizen.org/article/financial-transactions-tax-report/
Instead, the proposed tax would raise $777 billion over a decade, likely end the unfair and systemically risky practice of high-frequency trading, and be paid mainly by wealthy families, the report finds.
... Dispatch continues below ...
Buy, Sell, or Store Precious Metals with Money Metals
Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --
https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...
-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.
Shop online with Money Metals Exchange here --
https://www.moneymetals.com/buy
-- or by calling 1-800-800-1865.
Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:
https://www.moneymetals.com/depository
The report refutes a spate of misleading claims that the financial industry has made in recent months about a financial transactions tax, which are likely to be repeated at a Capitol Hill event today afternoon sponsored by the U.S. Chamber of Commerce.
"A modest financial transactions tax would finance public investments, strangle the pernicious high-frequency trading industry, and help tackle the growing economic inequality in society," said Susan Harley, deputy director of Public Citizen's Congress Watch division. "Because it would apply primarily to those with substantial financial holdings, the tax mostly would steer clear of the middle class while it would surgically target resources being tied up by the wealthiest Americans to be repurposed for better uses." ...
... For the remainder of the announcement:
https://www.citizen.org/news/financial-transactions-tax-would-cost-most-...
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019
https://neworleansconference.com/noic-promo/powellgata/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
