Would Bernie Sanders Kill Trading As We Know It?

I agree with you that the financial transaction tax is a bad idea and vilifying Wall Street is unproductive and wrong.

But there is a place for the government to regulate the financial industry. El Arian had a nice interview on Bloomberg radio where he discussed the failure of capitalism's evolution: first it was an agrarian economy, then industrial, then service, then information, now finance. And the finance level has proven to not work. The government should create incentives to unwind this. The smartest kids out of school go to finance. It's changing now. 50 years ago they went into aerospace and automotive.

As a nation our competitive edge is being lost because the smartest guys are playing a form of video poker all day long.
I disagree, everything is working just fine. We have plenty of agrarian and industrial products to buy in stores. Does he want to turn the clock back?
 
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I disagree, everything is working just fine. We have plenty of agrarian and industrial products to buy in stores. Does he want to turn the clock back?

Most socialists do. There wasn't a mortgage default problem back when "life was simpler" and we only dealt in real goods ergo we should go back to those times. Thats how these people actually think. Ignoring the fact people are infinitely better off these days.
 
Sanders is our (slightly more left if you can believe it) version of your Jeremy Corbyn.

The vast majority of his supporters are youngsters that cannot define socialism and have no idea how to do the math proposed by the feckless policies they endeavour to support. He may get a bit further as the kids love to hear uncle Bernie tell them how they will get lots of free stuff and money without having to work - because we're going to take it from the evil billionaires. In the end, he'll wind up as a footnote with all the other "occupy" types.
 
Sanders is our (slightly more left if you can believe it) version of your Jeremy Corbyn.

The vast majority of his supporters are youngsters that cannot define socialism and have no idea how to do the math proposed by the feckless policies they endeavour to support. He may get a bit further as the kids love to hear uncle Bernie tell them how they will get lots of free stuff and money without having to work - because we're going to take it from the evil billionaires. In the end, he'll wind up as a footnote with all the other "occupy" types.

Hope so KTM.
Is such a dangerous ideology. But hard to convince the young and idealistic that 'free money for all' ends very very badly

Our Jeremy Corbyn is an absolute joke. Wants to start QE for the people. So the Bank of England just prints money if we want a new road or school. These people haven't read a history or economics book in their life. But he is getting destroyed in all the polls (for what polls are worth). Bernie seems to still be riding the crest of a wave
 
30 years ago HFT did not exist, so greater access has nothing to do with HFT.
30 years ago retail customers had no realtime access to the markets, there were bearly any computers used and prices for realtime feed was very expensive, internet did not exist. These changes are responsible for the greater access, not HFT. In 1990 I paid about 2000$ a month for realtime forex. Now it is almost for free compared with 1990.

Agree
 
Hope so KTM.
Is such a dangerous ideology. But hard to convince the young and idealistic that 'free money for all' ends very very badly

Our Jeremy Corbyn is an absolute joke. Wants to start QE for the people. So the Bank of England just prints money if we want a new road or school. These people haven't read a history or economics book in their life. But he is getting destroyed in all the polls (for what polls are worth). Bernie seems to still be riding the crest of a wave

The platform of "free money for all (especially ne'er-do-wells)" is an EASY sell to garner votes and secure greedy, political power. That's why it's promoted... in spite of its ultimate disastrous consequences. Geez... don't people bother to at least take a freshman course in economics sometime in their lives??
 
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Then again, thanks to Odumbo's unprecedented use of executive orders to bypass Congress and our Constitutional legal process, Bernie may attempt to install FTT by executive order.

So long as Congress, SCOTUS, and the DOJ let the president get away with legislation via fiat, any tyranny is possible.

I say "F' your executive orders"!!

:(
I'd be curious what examples you have of a tax, a straight up tax, being imposed by executive order? We get it, you don't like President Obama. Since this conversation isn't about him, he hasn't proposed an FTT, and a basic understanding of executive orders make the concept you propose nonsensical, what exactly were you adding to the conversation? Your obsession is a bit sad really.
 
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