Bernie Sanders
In reply to the discussion: Bernie Sanders Wants to Tax Stock Trades to Pay for Free College [View all]7962
(11,841 posts)Buying anything is a gamble to some extent. I have bought stock in trades of less than 1000.00 many times. Thats what I had. I thought the trade would be a good one, so I did it. If you want to raise REAL money, you dont tax trades like mine. If I make a couple hundred dollars over a couple months, I consider it a decent deal. The bank isnt paying anything thats for sure. You dont make it even harder for the average guy to get into the market by taking a chunk of what little he/she wants to invest. The more people investing, the better the whole thing is. You cant ignore the historical appreciation over time, unless you just want to count on SS when you're older.
Go after the HFTs and the high dollar traders, thats where the real money is. Its really pretty simple. Do it as a blanket approach, and there's NO chance of it passing, even in a Democrat controlled congress. I'll gamble THAT with anyone.