Yes it might - but the government and the whole finance sector/economists/markets/banks etc are all in bed with each other, so I can't see any chance of taxing trades becoming a reality. But it WOULD be a good idea. Might be difficult to determine exactly what a trade is, though. Example - if I put in a BUY order for 10,000 shares of XYZ, but it takes 3 nibbles at the sell side to fulfil that BUY order - is that three trades, or just three parts of a single trade? If the latter, then that's the argument the bot trading instos would use to exempt algo trading from such a tax. They're all just parts of fulfilling a much bigger order.
And yes - wait until AI is rampant and actually running the bots, no humans involved at all. I suspect that isn't as far away as some might like to think...
LYC Price at posting:
$5.95 Sentiment: Buy Disclosure: Held
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