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How long will it take for Americans to wake up and place a 1% tax on the over $5 Quadrillion annual turnover o?
Would Placing a 1% tax on the over $5 Quadrillion annual turnover on Wall Street be the basis for forming a New Political Party?
3 Answers
- Anonymous8 years ago
consider the fact that now computer programs automatically make hundred million dollar buy and sell orders is less than 1/100 of a second all day long to "pump" profits for the big financial institutions it would be a great idea
one simple solution make ALL transaction be entered by a human.
strictly regulate financial manipulations
return the Stock market system to it Original purpose of raising capital for investment and expansion
1% is quite high and would inhibit the economy but 1/1000 or 1/10,000 would serve the purpose very well
Source(s): educated adult, Capital investor, retired and depends on stock growth for income