It sounds pretty awful to me also, so I appreciated their analysis. You’re saying I’d have to pay a tax on every trade I (newer retail investor) make? How in possible hell does that help anything?
Retail investors do a couple of trades a year.
A tax like this would end high frequency trading overnight.
How is that possible? Surely the market must have more transactions than any individual participant?
You bound 50M in stock between two companies every second in a ladder, you pay $50k/second tax