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Date Posted: 10:49:22 09/23/04 Thu
Author: Mike Cypull
Subject: One interesting Idea
In reply to: Mike Cypull 's message, "I also agree with that." on 09:53:45 09/23/04 Thu

Ralph Nader advocates for a one penny per trade tax on the stock market. If that was ever done it would generate something like 140 Billion annually. (I don't know the exact figure, if you're curious you can check it out at www.votenader.org I think)

Mike.

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Replies:

[> [> [> [> Re: One interesting Idea -- Brad Gerdin, 00:27:53 09/25/04 Sat

While that may be an interesting idea, I think that it would really hurt the markets. Even though it is only a penny, it adds up fast. When investment firms or mutual funds invest in a company, they don't but just one, two, or even a couple hundred. They buy thousands of shares at a time. If this tax were impalamented, the different funds would pass that cost right on to us everyday investor. They wouldn't just increase the price by a penny either. This would end up hurting the average investor a lot in the long run and would hurt the market as a whole. What would happen to the FREE market?

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[> [> [> [> [> Re: One interesting Idea -- Josh, 22:27:28 09/25/04 Sat

You do have a good point, and you do have a bit more schooling in that area than i do. Therefor i am inclined to repeact your opinion.

Josh

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