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That may sound like a good idea but it is people who are going to be negatively impacted by the additional costs. It will have no effect on the bankers, brokers and investment houses. They will simply pass the cost along to the customer. And not all of those customers are rich folks. Some of those accounts are charitable funds, cemetery maintenance fuds, educational institution funds, college savings accounts, funds awarded or bequeated to folks who are disabled and not able to work, grannies life savings, etc.
BTW, the actual cost of trading is about one cent per share. But few customers know that. They pay a flat fee, or a commission or an asset management fee. Instituting a tax on trading will just give the financial industry an excuse to increase the costs - and customers already pay very high costs relative to the actual costs.
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