June 2, 2009
Other Thought:
First, reiterate...no 4 decimal place trades...1/10000 of a cent is not meaningful and only allows circumvention of upticks if measured by 1/10000th
TO FURTHER MAKE CHANGES THE GOVT SHOULD WANT:
1 CENT "TAX" ON EACH SHARE TRADED(1/2 OF WHICH TO BE ALLOCATED TO SEC FOR ENFORCEMENT THE OTHER HALF TO HELP PAY FOR THE HUGE DEFICITS THAT ARE MOUNTING.
IF YOU TAX GASOLINE, CIGARETTES ETC, SURELY YOU CAN TAX STOCK TRADING.
BRUCE MCDONALD