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- #461
1. Its NOT a purchase/sale if no money changes hands, its computerized theft. Thats why a 48-hr holding period works too.It is not theft it is a purchase and a sale it doesn't matter how quickly it's done1. You're not getting that HFTs are not "buying and selling" anything. Its all computerized theft done in microseconds.you have let to explain why it's thief when they are in fact buying, with money, something for sale, and then selling it for money in return.People buy stock as an investment, betting that the company will use the money to grow over time.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 buy and sell stock in microseconds using computers to steal the other people's investment.
See the difference? Investors vs thieves.
People buy stocks to make money, some long term, some short term...not sure why you think you have the right to tell people they can't purchase something, or sell their property....and frankly support a tax on people simply doing that.
This tax is going to do nothing but hurt the working class. Sad you support that
2. In post #446 I'm proposing that instead of a "transaction tax" that a new law that requires a 48-hr holding period before the stock could be sold. This way money actually transfers back and forth to the company, and then back to the HFTs. Instead of computerized theft in microseconds.
3. Its a matter of fairness. Our 401Ks don't buy/sell in microseconds. Our money stays invested, the HFTs don't "invest" they just steal.
4. You are not taking into account that the money HFTs steal would be returned to investors. The tax won't be noticed by most investors.
So why don't you tell me how much was "stolen" from your portfolio because someone mad e a purchase and a sale in less than a second?
2. You can lookup how much HFTs made in the last 20-years. That is money that should be in our 401Ks.