He is proposing taxing all stock transactions .5%. I’d pay that and .5% I move my nest egg around adds up.

And his projections are pants-on-Fire stupid because he doesn’t account for the fact all high freq trading would move offshore if they taxed trades .5%.

Sanders is either an idiot or a bullshitter.

You may be a market timing genius and/or unicorn day trader but generally speaking nobody beats the market and nobody should be moving their own nest egg around, which usually only makes the brokerages money.

So the transaction fees get passed on to the people who buy into the funds (except, buying into a fund is also a "financial transaction" so may also end up being taxed).

Moreover this logic seems to assume HFT is useless. It's a source of liquidity. Everyone who directly or indirectly invests in the stock market ends up paying for higher liquidity - it's just a case of how easily you can see it.

But someday they might be a millionaire!!