I would prefer a tax on selling stocks, the percentage depends on the time of holding the stock. 0.1% if it is a second or shorter. 0.01% after an hour. Zero after a month, so investors are not affected. This would give humans a slight advantage against the high-frequency trading machines.
Really they need to outlaw all of the micro trading, short hedging, and so on. Limit buys and sales once or twice per day for brokers.
The entire purpose of the market is to provide capitalization for companies. But there turned it into anything but, and now it's pure gambling. Gambling in a rigged game.
If the intent is capitalization, there exists no need for the micro scale, short, long, bullshit. It's all gambling and market manipulation.
The tax does nothing but generate revenue for the government and lock out small and medium traders. Locking in the most corrupt.
Long ago when I was first starting out I looked into raising capital using stocks.
But of course you can't simply issue stocks. Theres an entire process now to it.
And its illegal to issue what amounts to 'IOUs' for said stock.
It used to be you could start a company on nothing but a hand shake in america.
Now you need thousands of dollars, minimum, up front just for legal fees.
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