Makes high-frequency small margin trading less attractive. A 0.5% tax means you have to be confident of doing better to make the transaction worthwhile, and promotes longer-term buy and hold investing.
>>1079089 Yes, it is moderate. Going with the less extreme candidate regardless of the direction of that extremity is the moderate choice. There's no presidential candidate more extremist than Bernie Sanders. It's very simple friend.
>>1079135 Savings accounts only give a return because the bank can use that money to invest through big four IB firms. Add this transaction tax and banks savings accounts crash into nothing; they're already below 1% in the USA.
>>1079245 Money market accounts can be over inflation as long as this bill doesn't pass. US inflation is 0.7% right now and my money market account is 0.9% and insured up to 250k, which is the max I'd ever put in there anyways.
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