NJ Plans To Use HFT Tax To Pay For "Social Justice" Agenda

That mystery was revealed earlier today when senior NJ administration officials said that revenue from a proposed tax on electronic Wall Street trading to expand his "social-justice agenda."

NJ governor Murphy saw the potential windfall as a shot to expand what he calls his "stronger, fairer" agenda to close New Jersey’s wealth gap, according to the administration officials, who spoke on condition of anonymity because the legislation is in early stages.


https://www.zerohedge.com/markets/nj-plans-use-hft-tax-pay-social-justice-agenda
 
10 Billion in revenue? Hahahahahaha

“We have data centers in various states and the ability to move trading outside of New Jersey in a business day,” said Hope Jarkowski, co-head of government affairs for New York Stock Exchange parent Intercontinental Exchange Inc. in Washington


As a side note, I have a hard time believing its even legal for state to tax server
1s and 0s
 
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