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Flacaltenn, do you realize how much money is made on Wall Street simply through computer algorithms that can see trades coming down the tape and buy and sell in microseconds to take advantage of the spread? This is nothing more than a leech on top of what is mostly speculative gambling anyway. Taxing this would be a good thing if it increased revenue AND discouraged this parasitic drag on the market.
I'm amazed that Stockman, who I reviled in the Reagan years, is actually making some sense now.
I'm also amazed at the knee-jerk "NO" response that Flacaltenn gives to absolutely every thoughtful proposal that doesn't basically dismantle the government. I agree that government is broken. We need to fix it, not abandon it.
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