Copperman

Securities Transaction Tax: Wrong Idea at the Wrong Time

Just what we need to replenish the tax and spender's oasis, a transaction fee. Indeed, Uncle Sam want's to tax your gains which then yields less $$$ to reinvest. Oh and if you keep your gain to live on, the state and local communities take more of the gain thru income, property, and sales taxes.
And, never forget that flooding the market with new money from Uncle is inflationary - zippo - and your money burried under a rock is worth less. Be sure that more money taxed more and inflated is really a shell game - more equals less.