Published: Friday 22 June 2012
"...The tax would cover stock trading, derivatives and other financial instruments, but, proponents say, would have a significant impact only on so-called high-frequency trades, in which computer-driven speculators typically hold stocks for mere milliseconds..."
"...In May, however, the European Parliament voted overwhelmingly to set a blanket tax on trades at .1 percent and on derivatives at .01 percent. Several EU countries are now reportedly ready to move forward, either collectively or individually, led by Germany and France..."
".01% on deriviatives?"
Are you fucking kidding me? Why are those those fucking things still legal?
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