Hundreds of different ideas which all come down to one biggest idea of all: free money for the socialist govt at the expense of free capital flow. Right?
Last I checked sec fee is a meager 0.0013% per sale. That tallies to the annual fee of 0.32% if traded daily. It's so small it's usually covered by US brokers, right? Nothing like a transaction tax imposed by the socialist government.
Do they have capital gains taxes? Do people day trade in London? 50 bps tax means 12% of their capital per year goes to the govt. I don't understand how someone can day trade in such conditions.
This is Powell that the markets react negatively to. Unlike the president, he refuses to attune to the investors concerns. Maybe also to the radical "progressive" left in the Congress.