Originally Posted by MariconesUnited
Why are these people being given a pass in the first place? Again, everyone else pays taxes on products and services bought and sold. Why the exception?
Right, MU, this is actually my contention. When I first even heard the idea, I was like, "oh, yeah. How is it that we don't have this happening, already?"
Although it's a fraction of a percent, I do think, though, the Swedish story is telling. I imagine myself a day trader (I once considered it), and as such, I would surely be more hesitant to trade for the short term. This would lower volumes dramatically, but in so doing, it would also reduce gains, upon which a LOT of people already pay a tax. Hence, the "killing the golden egg" idea makes sense to me.
It's actually much like socialism. It looks good on paper, but for all practical purposes, it would be a negative, I think.