Toddsterpatriot
Diamond Member
1. How is it stealing? By not waiting for the stock to appreciate like the rest of the investors. By using super-computers to do billions of buys/sells in nanoseconds and stealing $100's of millions of stock value from long term investors. That's how.By buying and selling hundreds of millions of shares in nanoseconds companies can make $100,000,000 in short order. Its all computer theft by "quants" whose job is to skim the stock market. You need to read the following link to see that the concern is real. The money they steal should be in your QQQ stock price. Maybe you like getting robbed, most of us don't.You need to research WTF high speed traders actually do.
They trade, really, really quickly.
They also have no impact on the QQQs sitting in my 401K.
Your QQQs would be worth more without the high speed traders stealing value and making the dips deeper.
How do they "steal value"? Can you walk through the steps of a typical trade?
A small transaction tax would reduce the attractiveness of high speed trading.
Yes, it would make lots of things less attractive, while raising a fraction of what's claimed,
while costing lots of jobs.
On the plus side, everyone on Wall Street will line up against Bernie, and any other supporter of this silly idea, from day one.
Too fast to fail: How high-speed trading makes Wall Street disasters worse
If you don't like spending the "transaction tax" on education, then pay down the Debt, or reduce the Budget Deficit with it.
By buying and selling hundreds of millions of shares in nanoseconds companies can make $100,000,000 in short order.
Wow. Sounds easy!!! How is it stealing?
Its all computer theft by "quants" whose job is to skim the stock market.
Sounds awful! So how do they "skim"? Walk through the steps.
The money they steal should be in your QQQ stock price.
They didn't steal from my shares, or the shares underlying my shares.
Thanks for the link. I didn't sell during any Wall Street disasters. Try again?
If you don't like spending the "transaction tax" on education, then pay down the Debt, or reduce the Budget Deficit with it.
How much do you feel this tax will raise?
2. The steps are described in detail in the article, by buying/selling stock in nanoseconds. A minimal tax would make that unprofitable.
3. Yes they did steal from your shares, who the fuck do you think they took their profit from? (all investors)
4. Point being that Bernie's proposal kills two birds, it funds higher education and job training, and helps stock investors by stopping high speed computer traders
How is it stealing? By not waiting for the stock to appreciate like the rest of the investors.
I can sell my stock 5 years after I buy it, 5 minutes after, 5 microseconds after.
None of those options steals a penny from you.
By using super-computers to do billions of buys/sells in nanoseconds and stealing $100's of millions of stock value from long term investors.
You still haven't shown how the speed of their computers steals a penny from me.
Or walked me through a typical trade. How do they "skim". Or don't you know?
A minimal tax would make that unprofitable.
And wouldn't do a thing to help me or my QQQs.
Yes they did steal from your shares, who the fuck do you think they took their profit from?
You're lying, because a soundbite is easier than proof.
Point being that Bernie's proposal kills two birds, it funds higher education and job training
You never said how much this tax would raise for the government.
and helps stock investors by stopping high speed computer traders
Since I'm not competing against these traders and held my position for years, they don't help or hurt me.
How is it stealing? By not waiting for the stock to appreciate like the rest of the investors.
I can sell my stock 5 years after I buy it, 5 minutes after, 5 microseconds after. None of those options steals a penny from you.
I agree for the 5-years, but not the 5-minutes or 5-microseconds. The purpose of the stock market is to give capital to companies to grow and generate more profit. The short term high-speed traders don't add value, they steal investment capital.
By using super-computers to do billions of buys/sells in nanoseconds and stealing $100's of millions of stock value from long term investors. You still haven't shown how the speed of their computers steals a penny from me. Or walked me through a typical trade. How do they "skim". Or don't you know? If you don't understand the bold answer above, you need to do your own research on high-speed trading.
A minimal transaction tax would make high-speed trading unprofitable. And wouldn't do a thing to help me or my QQQs.
A minimal transaction tax would prevent the high-speed traders from robbing you blind. DUH.
Yes they did steal from your shares, who the fuck do you think they took their profit from? You're lying, because a soundbite is easier than proof. Denial is not a refutation. Who do you think they stole the money from? (ans: investors)
You never said how much this tax would raise for the government. The transaction tax should raise about $200b a year.
Bernie Sanders: I Will Cancel All $1.6 Trillion Of Your Student Loan Debt
"Sanders will fund his student loan forgiveness plan through a new tax on financial transactions, which he expects could raise more than $2 trillion over the next 10 years. The tax plan will include a 0.5% fee on all stock trades, a 0.1% fee on all bond trades and a 0.005% fee on all derivatives trades."
Since I'm not competing against these traders and held my position for years, they don't help or hurt me.
If they steal hundreds of millions of dollars in stock value, they are taking some of your money. They don't add value, they don't invest, they skim money using super-computers, DUH.
The short term high-speed traders don't add value, they steal investment capital.
First they stole from me, now they steal from the stock issuer?
By using super-computers to do billions of buys/sells in nanoseconds and stealing $100's of millions of stock value from long term investors.
From your Mother Jones article.....
Designed by the physics nerds and math geniuses known as quants, these programs exploit minute movements and long-term patterns in the markets, buying a stock at $1.00 and selling it at $1.0001, for example.
How did the above example steal stock value from my long-term position?
If you don't understand the bold answer above
No info in your "answer".
A minimal transaction tax would prevent the high-speed traders from robbing you blind.
Still no evidence I've been robbed.
Denial is not a refutation.
Your soundbite isn't evidence
Who do you think they stole the money from?
Still waiting for proof they stole from anyone.
which he expects could raise more than $2 trillion over the next 10 years.
Expects? He expects $200 billion a year?
Expectations from someone who never held a private sector job? LOL!
Goldman made about $32 billion last year.
Morgan Stanley about $8 billion.
JPM about $104 billion.
Bank of America about $89 billion.
Blackstone Group about $6 billion
5 of the largest firms out there, feel free to add any I didn't list, and their combined profits
were about $240 billion. And this moronic tax is going to raise $200 billion? LOL!
The tax plan will include a 0.5% fee on all stock trades
Again, from your article.
buying a stock at $1.00 and selling it at $1.0001, for example.
Taxing the buy and the sale at $0.005 prevents either trade from occurring.
Total tax collected, zero.
If they steal hundreds of millions of dollars in stock value, they are taking some of your money.
Fucking prove it already. Repeating your fact free claim isn't proof.