[dorlomin]

This is a tax on financial transactions, it is being discussed again at the G20 finance meeting as a way of cooling down the rapid high speed trading that characterises modern finance, as opppsed to the older invest and hold style of trading that stock markets were created for.

To me it looks like a good idea on the surface but will invariably go nowhere as the trading empires will not sanction it, but changing the economy from one driven by trading to one where we invest in innovations is a critical part of dealing with energy depletion.

Good idea, not going to happen.

[pup55]

as a way of cooling down the rapid high speed trading that characterises modern finance,

Looks like to me a way for the governments to extract a large amount of money out of the financial system, without the widespread involvement of the consuming public, which has no clue about this stuff...A nice little racket.

That's why it's inevitable.

[deMolay]

The expert on CNBC said it would kill the stock market. eg; a 3$ google stock trade would cost you 503$. Don't know if that is true. But that is what was stated.