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ARGeezer:
a tax of 0.005 percent might raise $76 billion annually

Interesting how that number scales.

A confiscatory and appallingly onerous 0.5% 'might raise' $7.6 trillion?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Dec 1st, 2009 at 12:12:42 PM EST
[ Parent ]
Assuming it has no effect on the number of trades.
by gk (g k quattro due due sette "at" gmail.com) on Tue Dec 1st, 2009 at 12:22:56 PM EST
[ Parent ]
It would kill HFT and that prevents it from scaling completely, but that would be a good thing in and of itself. Perhaps we should explore the elasticity curve on this one.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Dec 1st, 2009 at 03:55:11 PM EST
[ Parent ]
I assumed that that was the main purpose of the tax, and that any revenue gained would be a welcome side-effect.
by gk (g k quattro due due sette "at" gmail.com) on Wed Dec 2nd, 2009 at 02:44:59 AM EST
[ Parent ]

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