Bernie Sanders Wants to Tax Stock Trades to Pay for Free College

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37. Even Casino winnings are only taxed over a certain amount too.

Walk into a casino and win 500.00, you get 500. You win several thousand, you gotta fill out a form. Its taxed as regular income at your rate.
Yes, I'm saying the tax should begin at a certain dollar amount and all HFTs. Regardless of whether or not one thinks 5.00 is a reasonable amount, the govt isnt going to generate any real money from low dollar trades anyway.
Think of the nat. sales tax. Many here oppose that because they say it hurts the poor. Well, if you're poor, you're also not spending much so that 5.00 sales tax to run the country shouldnt be a problem.
It seems as though people think differently just because its the stock market. I think a lot of folks have a vision of Thurston Howell in their head when they think of the stock market. You dont want to add another cost for lower income people to try to invest some of their money. And if you're in a fund, do they pay the tax too? Does my 401K get hit with it as well? All this matters when you're on the lower end of the scale, but its hardly noticed at the higher end. Although it may have an impact on HFTs, which would be good for everyone. They post thousands of trades a minute and this might slow that manipulation