Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Already answered. You have to read the other people's posts. From above:I know what HFT do, but how are they stealing something that is for sale, and they pay for it?Stock is for sale as an "investment" to provide capital for companies to grow.How? If something is for sale, and it's purchased...how is that stealing? Likewise, if they sell something, how are they steeling?Investors.who are they stealing from?1. I invested with companies for a long time, we both profited.1. HFTs are not "fair", they use super-computers to steal in microseconds. Now if they pass the transaction tax, the HFTs can whine it isn't fair to them. I never gave my consent for HFTs to steal my investment. I'm giving my consent fro the transaction tax.First, its not 'stolen' as that necessitates taking from someone without their consent, consent you give when you agree to buy and sell stock. Claiming it stealing is like whining the card players at the poker table stole from you because they are better at the game.I see your words, but need proof of what you say is true.Little more than a gimmick. It will not stop institutionalized investors will find other financial products to invest in, move those transactions elsewhere or find a way around the tax. HFT is essentially irrelevant to those that are not part of the trading as long term health of an asset is not phased by short term fluctuations.
The government will not get a tiny fraction of what it says it will out of the tax, more regulation is not going to help the average guy's 401k in any way and the spending that the tax is supposed to go to will not only exceed the projected gains but will not change when the government reveals that they are making far less than projected.
ALL money made by HFTs is stolen from investors.
Second, that money comes from other high frequency or institutional investors. Not a single one of my investments has been effected by HFT because I do not invest short term. That a stock may half, double and then half again in price over the course of a month is irrelevant to the vast majority of investors, all that matters is the price point you get in and out. If you are not involved in short term trades then HFT does nothing to your investments. Short term volatility is simply not relevant.
If you are a short term investor then you are getting exactly what you want. All a tax on HFT does is attempt to remove a specific market for trades.
Finally, you have provided no proof that HFT traders steal anything. Your complaints about insider trading are not even remotely relevant to HFT, you can trade on inside information or manipulate the market without participating in a lot of transactions. We do know the government will not get what it thinks it will because they never raise the amounts they promise. Same thing goes with what happens to the money raised. You can guarantee that adding this tax will only increase the debt because the tax is not even represented as a function of raising funds, it is represented as a function of WHAT THEY CAN BUY WITH THE TAX.
IOW, the money would already be spent and even if it is done through reconciliation (which requires it to be deficit neutral iirc) it would still fail as there is zero chance they would actually ties the amount spent with the amount raised.
There are 2 reasons I can see to support something like this:
HFTs are an infringement on the people's freedom - Give me a good reason that the government should be infringing on my freedom to trade as I see fit because that is what you need. Not that more advanced individuals and/or institutions are taking the majority of the gains, that happens in every single field or economic activity in existence. 100 percent of them. There is not a single example of that not being the case. Tell me exactly how those HFTs are infringing on my freedom. Then there is a case to limit them.
or
Taxing HFTs is a necessary and proper source of funding for the federal government. That I think is rather indefensible but then again I think the government should be funded in an even manner without all the special interests, outright thuggish control or specifically targeting small groups of people.
Not liking HFTs because they can be used in a manner you do not agree with is not one of them.
2. Where does the money that HFTs make come from? That's right, other people's investments. (aka stealing)
3. When 70% of all trades are by HFTs that makes for unnecessary volatility. The 2010 "flash crash" is what happens. We need real investment, not computer theft. The government needs to straighten out the stock markets, a transaction tax is a good start.
4. Proof that HFT is "theft"? What product or service do they sell? Hint: nothing, they just steal other people's investments.
5. I need the government to stop the HFTs computers from stealing our investments. That "theft" infringes on my investment freedom. IT'S THEFT!!
6. We all would pay the transaction tax, its minimal unless you're an HFT. The object is to make more investments "long-term" to create jobs and expand businesses.
Proof that HFT is "theft"? What product or service do they sell? Hint: nothing, they just steal other people's investments.
Have you made money on your investments? Yes?
Thief!!!
2. HFTs steal in thousandths of a second, its theft.
If you have a 401K your money is invested in many companies.
HFTs use computers to "milk" the investor's capital using computer algorithms to buy/sell in thousandths of a second. The money the HFTs steal should be used by companies to grow and hire people, and increase your 401K.
How are they removing it? They are buying it with money, (capitol), and then reselling it, where someone else is buying it with more capitolIMHO when investors buy stocks, and HFTs remove some of that capital via computerized algorithms, that money they removed hurts investors' 401Ks. HFTs make no products, and provide no services, they just rake in investor's cash.You seem to be coming from the "zero-sum-game" theory of economics. Not every gain implies someone else's loss.The HFT computers know how to steal money from investors, its what they do, its all they do.Investors buy and hold stock in a company to provide CAPITAL to grow the company.
HFTs use computers to buy/sell in microseconds stealing that CAPITAL.
So if I place an order to buy 10,000 shares of GE, HFTs are stealing
capital from GE or stealing capital from me?
Feel free to explain either scenario that applies.
HFTs use computers to "milk" the investor's capital using computer algorithms to buy/sell in thousandths of a second. The money the HFTs steal should be used by companies to grow and hire people, and increase your 401K.
No you haven't answered it...how are they stealing it if they are paying of it? they are giving capitol to purchase it, and selling it, to someone else for capitol...hopefully moreAlready answered. You have to read the other people's posts. From above:I know what HFT do, but how are they stealing something that is for sale, and they pay for it?Stock is for sale as an "investment" to provide capital for companies to grow.How? If something is for sale, and it's purchased...how is that stealing? Likewise, if they sell something, how are they steeling?Investors.who are they stealing from?1. I invested with companies for a long time, we both profited.1. HFTs are not "fair", they use super-computers to steal in microseconds. Now if they pass the transaction tax, the HFTs can whine it isn't fair to them. I never gave my consent for HFTs to steal my investment. I'm giving my consent fro the transaction tax.First, its not 'stolen' as that necessitates taking from someone without their consent, consent you give when you agree to buy and sell stock. Claiming it stealing is like whining the card players at the poker table stole from you because they are better at the game.I see your words, but need proof of what you say is true.Little more than a gimmick. It will not stop institutionalized investors will find other financial products to invest in, move those transactions elsewhere or find a way around the tax. HFT is essentially irrelevant to those that are not part of the trading as long term health of an asset is not phased by short term fluctuations.
The government will not get a tiny fraction of what it says it will out of the tax, more regulation is not going to help the average guy's 401k in any way and the spending that the tax is supposed to go to will not only exceed the projected gains but will not change when the government reveals that they are making far less than projected.
ALL money made by HFTs is stolen from investors.
Second, that money comes from other high frequency or institutional investors. Not a single one of my investments has been effected by HFT because I do not invest short term. That a stock may half, double and then half again in price over the course of a month is irrelevant to the vast majority of investors, all that matters is the price point you get in and out. If you are not involved in short term trades then HFT does nothing to your investments. Short term volatility is simply not relevant.
If you are a short term investor then you are getting exactly what you want. All a tax on HFT does is attempt to remove a specific market for trades.
Finally, you have provided no proof that HFT traders steal anything. Your complaints about insider trading are not even remotely relevant to HFT, you can trade on inside information or manipulate the market without participating in a lot of transactions. We do know the government will not get what it thinks it will because they never raise the amounts they promise. Same thing goes with what happens to the money raised. You can guarantee that adding this tax will only increase the debt because the tax is not even represented as a function of raising funds, it is represented as a function of WHAT THEY CAN BUY WITH THE TAX.
IOW, the money would already be spent and even if it is done through reconciliation (which requires it to be deficit neutral iirc) it would still fail as there is zero chance they would actually ties the amount spent with the amount raised.
There are 2 reasons I can see to support something like this:
HFTs are an infringement on the people's freedom - Give me a good reason that the government should be infringing on my freedom to trade as I see fit because that is what you need. Not that more advanced individuals and/or institutions are taking the majority of the gains, that happens in every single field or economic activity in existence. 100 percent of them. There is not a single example of that not being the case. Tell me exactly how those HFTs are infringing on my freedom. Then there is a case to limit them.
or
Taxing HFTs is a necessary and proper source of funding for the federal government. That I think is rather indefensible but then again I think the government should be funded in an even manner without all the special interests, outright thuggish control or specifically targeting small groups of people.
Not liking HFTs because they can be used in a manner you do not agree with is not one of them.
2. Where does the money that HFTs make come from? That's right, other people's investments. (aka stealing)
3. When 70% of all trades are by HFTs that makes for unnecessary volatility. The 2010 "flash crash" is what happens. We need real investment, not computer theft. The government needs to straighten out the stock markets, a transaction tax is a good start.
4. Proof that HFT is "theft"? What product or service do they sell? Hint: nothing, they just steal other people's investments.
5. I need the government to stop the HFTs computers from stealing our investments. That "theft" infringes on my investment freedom. IT'S THEFT!!
6. We all would pay the transaction tax, its minimal unless you're an HFT. The object is to make more investments "long-term" to create jobs and expand businesses.
Proof that HFT is "theft"? What product or service do they sell? Hint: nothing, they just steal other people's investments.
Have you made money on your investments? Yes?
Thief!!!
2. HFTs steal in thousandths of a second, its theft.
If you have a 401K your money is invested in many companies.
HFTs use computers to "milk" the investor's capital using computer algorithms to buy/sell in thousandths of a second. The money the HFTs steal should be used by companies to grow and hire people, and increase your 401K.
Stock is for sale as an "investment" to provide capital for companies to grow.
If you have a 401K your money is invested in many companies.
HFTs use computers to "milk" the investor's capital using computer algorithms to buy/sell in thousandths of a second. The money the HFTs steal should be used by companies to grow and hire people, and increase your 401K.
the frequence of trades will go down?If they cost money the frequency not the trades will go down.How so?It would also have a stabilizing effect on the markets.I never thought that I'd ever be on the same side as Ilhan Omar, but here we are.
I support the proposed transaction tax. It will hit the high-speed traders more than me or other "buy and hold" investors.
The argument against it is that high-speed traders will just move off-shore to do their trades, fine.
They are nothing but leeches stealing our 401k investments.
Senate Democrats reintroduce bill to create financial transaction tax
A group of Democratic senators on Thursday reintroduced legislation to create a financial transaction tax, arguing that such a tax would help to reduce economic inequality.The bill would establish …thehill.com
"This (transaction tax) makes financial markets fairer and possibly less volatile. As described by Michael Lewis in Flash Boys, high frequency traders (HFTs) can earn profits by front-running other trades by micro-seconds, an activity that raises costs for legitimate traders and provides no value to society. HFTs account for roughly half all stock trades and much of their business model would be threatened by the proposed transactions tax.
Congress wants to tax stock trades. Investors shouldn't fret. | Brookings
Aaron Klein makes the case for a financial transaction tax.www.brookings.edu
Under current law, someone selling or buying $1,000 of stock pays just over two cents in transaction taxes. This existing fee raises over $1.5 billion per year. The proposal would add a tax of $1 to that transaction."
Republican voters do wish to cut spending. We are not pleased that it isn't done despite who is in power. Two questions, do you really believe that spending can't be addressed? Also, despite who is in office, how does a president fix horrible budgets? Isn't a shutdown the only option, and how long could a shutdown last?BWAHAHAHAHAHAHATrump was never and isn't "my guy", there's your first mistake.
Saying it and doing it are two different things and Republicans never do it...nor should they in most cases since there isn't a lot that can be cut without doing great harm...especially now as we try to recover the economyWhat's so damn hard to grasp cutting spending?
DOPE
Price goes up, trades go down. HFT are often in super slim margins. If the margin is even slimmer because of the tax per transaction the the frequency will decrease.the frequence of trades will go down?If they cost money the frequency not the trades will go down.How so?It would also have a stabilizing effect on the markets.I never thought that I'd ever be on the same side as Ilhan Omar, but here we are.
I support the proposed transaction tax. It will hit the high-speed traders more than me or other "buy and hold" investors.
The argument against it is that high-speed traders will just move off-shore to do their trades, fine.
They are nothing but leeches stealing our 401k investments.
Senate Democrats reintroduce bill to create financial transaction tax
A group of Democratic senators on Thursday reintroduced legislation to create a financial transaction tax, arguing that such a tax would help to reduce economic inequality.The bill would establish …
"This (transaction tax) makes financial markets fairer and possibly less volatile. As described by Michael Lewis in Flash Boys, high frequency traders (HFTs) can earn profits by front-running other trades by micro-seconds, an activity that raises costs for legitimate traders and provides no value to society. HFTs account for roughly half all stock trades and much of their business model would be threatened by the proposed transactions tax.Congress wants to tax stock trades. Investors shouldn't fret. | Brookings
Aaron Klein makes the case for a financial transaction tax.
Under current law, someone selling or buying $1,000 of stock pays just over two cents in transaction taxes. This existing fee raises over $1.5 billion per year. The proposal would add a tax of $1 to that transaction."
All transactions already cost money. So, I don't see your point
prices go up when there is a high demand. There is already transactional cost...ie the cost of the stock, but also typically a price is you use a broker...HFT's are usually, and mainly done via large brokers.Price goes up, trades go down. HFT are often in super slim margins. If the margin is even slimmer because of the tax per transaction the the frequency will decrease.the frequence of trades will go down?If they cost money the frequency not the trades will go down.How so?It would also have a stabilizing effect on the markets.I never thought that I'd ever be on the same side as Ilhan Omar, but here we are.
I support the proposed transaction tax. It will hit the high-speed traders more than me or other "buy and hold" investors.
The argument against it is that high-speed traders will just move off-shore to do their trades, fine.
They are nothing but leeches stealing our 401k investments.
Senate Democrats reintroduce bill to create financial transaction tax
A group of Democratic senators on Thursday reintroduced legislation to create a financial transaction tax, arguing that such a tax would help to reduce economic inequality.The bill would establish …
"This (transaction tax) makes financial markets fairer and possibly less volatile. As described by Michael Lewis in Flash Boys, high frequency traders (HFTs) can earn profits by front-running other trades by micro-seconds, an activity that raises costs for legitimate traders and provides no value to society. HFTs account for roughly half all stock trades and much of their business model would be threatened by the proposed transactions tax.Congress wants to tax stock trades. Investors shouldn't fret. | Brookings
Aaron Klein makes the case for a financial transaction tax.
Under current law, someone selling or buying $1,000 of stock pays just over two cents in transaction taxes. This existing fee raises over $1.5 billion per year. The proposal would add a tax of $1 to that transaction."
All transactions already cost money. So, I don't see your point
The tax is just another way for the Govt to get more money
If we let bad weather wipe out the farmers, people will lose weight in a hurry. I know both parties like to take shots at farmers, but it is bastard hard work and most don't die rich. In lean years, there is a sizable rise in suicides.How do crop subsidies produce "food security?"food securityWhy should farmers get any special consideration?
we don't want to face starvation
But the feds still get a cut."The argument against it is that high-speed traders will just move off-shore to do their trades"
Which they undoubtedly will, or go out of businesses, which they won't.
People will set up server farms to host them and make a mint, while the taxation hits the wrong people.
Kinda ends right there, like all seemingly good ideas with a loophole the size of the Titanic.
But the feds still get a cut."The argument against it is that high-speed traders will just move off-shore to do their trades"
Which they undoubtedly will, or go out of businesses, which they won't.
People will set up server farms to host them and make a mint, while the taxation hits the wrong people.
Kinda ends right there, like all seemingly good ideas with a loophole the size of the Titanic.
So if we make it just a little more expensive for them to operate they will go out of business?Price goes up, trades go down. HFT are often in super slim margins. If the margin is even slimmer because of the tax per transaction the the frequency will decrease.the frequence of trades will go down?If they cost money the frequency not the trades will go down.How so?It would also have a stabilizing effect on the markets.I never thought that I'd ever be on the same side as Ilhan Omar, but here we are.
I support the proposed transaction tax. It will hit the high-speed traders more than me or other "buy and hold" investors.
The argument against it is that high-speed traders will just move off-shore to do their trades, fine.
They are nothing but leeches stealing our 401k investments.
Senate Democrats reintroduce bill to create financial transaction tax
A group of Democratic senators on Thursday reintroduced legislation to create a financial transaction tax, arguing that such a tax would help to reduce economic inequality.The bill would establish …
"This (transaction tax) makes financial markets fairer and possibly less volatile. As described by Michael Lewis in Flash Boys, high frequency traders (HFTs) can earn profits by front-running other trades by micro-seconds, an activity that raises costs for legitimate traders and provides no value to society. HFTs account for roughly half all stock trades and much of their business model would be threatened by the proposed transactions tax.Congress wants to tax stock trades. Investors shouldn't fret. | Brookings
Aaron Klein makes the case for a financial transaction tax.
Under current law, someone selling or buying $1,000 of stock pays just over two cents in transaction taxes. This existing fee raises over $1.5 billion per year. The proposal would add a tax of $1 to that transaction."
All transactions already cost money. So, I don't see your point
The HFT computers know how to steal money from investors, its what they do, its all they do.
Where did the money they make come from?HFTs use computers to "milk" the investor's capital using computer algorithms to buy/sell in thousadnths of a second.
How did they "milk" money out of your long-term holdings?
Did they make a product, or perform a service? <fuck no>
All of the money the HFTs steal comes out of capital provided by investors that companies could use to grow.
Stock is for sale as an "investment" to provide capital for companies to grow.
