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Tue May 19, 2015, 06:21 PM

The High Frequency Trading tax (HFT)

this should be the precursor for the future.

When robots and working computers are doing the work of people, they should be paid at least minimum wage. These wages should be paid to us, the government and be used for a annual living income, not defined as unemployment. Then we can employ ourselves in labors of love and not slaves to the corporatists.

When corporations are defined as people, computers and robots must be people too.

When Artificial Intelligence (AI) is inCORPORATED into computers and robots, their wages must be increased accordingly. Also with AI the computer and robot laborers should be able to unionize.

Bernie's Bill may have started a revolution for the people's future happiness.

12 replies, 1709 views

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Arrow 12 replies Author Time Post
Reply The High Frequency Trading tax (HFT) (Original post)
aspirant May 2015 OP
NoJusticeNoPeace May 2015 #1
aspirant May 2015 #5
Moliere May 2015 #11
F4lconF16 May 2015 #2
NYC_SKP May 2015 #3
jtuck004 May 2015 #6
Cleita May 2015 #4
Dont call me Shirley May 2015 #7
aspirant May 2015 #8
erronis May 2015 #9
aspirant May 2015 #10
TBF May 2015 #12

Response to aspirant (Original post)

Tue May 19, 2015, 06:24 PM

1. Holy shit, never thought about it like that.

If corps can produce without humans, yes, there has to be a way to tax that so the humans can survive.

of course

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Response to NoJusticeNoPeace (Reply #1)

Tue May 19, 2015, 06:32 PM

5. And fees can easily be applied

All safety nets (Social Security, Medicare, Medicaid) and union fees can be paid directly to us, The People's Government. That way all the insurance programs can continue uninterrupted.

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Response to NoJusticeNoPeace (Reply #1)

Tue May 19, 2015, 08:34 PM

11. Yes, for sure, or out come the pitchforks (eom)

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Response to aspirant (Original post)

Tue May 19, 2015, 06:28 PM

2. This...

Is freaking genius.

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Response to aspirant (Original post)

Tue May 19, 2015, 06:28 PM

3. People make money by doing nothing, the provide no products or tangible service. Tax them to hell.

 

Good show about that here:

Picture the scrum of the stock exchange -- the flurry of buying and selling, the split-second decisions that make and break fortunes. Then take out all the humans and accelerate everything until you literally can't keep up. Jad visits the inhumanly fast world of modern-day, high-speed trading with NPR's David Kestenbaum.

http://www.radiolab.org/story/267195-million-dollar-microsecond/

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Response to NYC_SKP (Reply #3)

Tue May 19, 2015, 06:59 PM

6. And the line to do business with them stretches around 3 worlds. Which is what makes it

 

possible for them to do that.

Most people are more interested in keeping the plantation running than freedom.

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Response to aspirant (Original post)

Tue May 19, 2015, 06:29 PM

4. That's farther ranging than I thought.

Thanks for the clarification and the possible ramifications.

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Response to aspirant (Original post)

Tue May 19, 2015, 07:35 PM

7. K & R x 1,000,000

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Response to aspirant (Original post)

Tue May 19, 2015, 07:36 PM

8. We could have a productivity table

showing that this robot or computer would be the equivalent of 1 worker while that robot or computer would be equal to 5 working humans and be charged accordingly.

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Response to aspirant (Original post)

Tue May 19, 2015, 07:57 PM

9. Forget the robots - transactions in the market should be taxed in any case

There are so many bad things that happen when HFT can control the markets for very short periods of time. The normal institutional and individual traders have no ability to compete against dark money pools from the big banks.

Adding a minimal %0.01 of traded value will rein in these flash boys. It shouldn't matter whether the trade completes or not, the tax would apply at the point of the buy/sell transaction.

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Response to erronis (Reply #9)

Tue May 19, 2015, 08:16 PM

10. A tax

is a word with baggage.

The computer can be an Independent contractor whose commission or wage is $.50/trade. This puts it in a totally different realm.

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Response to aspirant (Original post)

Wed May 20, 2015, 10:44 AM

12. Bernie finally gets their attention -

if you go to GD you will see the trolls already attacking this with "oh noes I am so very worried about my 401K".

Newsflash bozos - the 401K was always a scam & if your company passes trading costs on to you it is an even bigger suckage than it was already. Companies used to have defined benefit plans in which they actually put away a decent retirement for you (but other than higher level employees most have been moved to 401Ks now). Now they pay you less, threaten to replace you with robots or HB1 Visa holders, and make you pay your own retirement from your paltry salary which is not keeping up with inflation.

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