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Introduce a Securities Turnover Excise Tax

Created by C.S. on October 31, 2011

Numerous sources have pointed toward high frequency trading as a possible cause to recent huge swings in the Dow Jones Industrial Average. Introduce a tax of the greater value of a low percentage (maybe .01%) or $0.25 per transaction. Not only will this dissuade HFT, this money can be used to help Wall Street pay back its bailouts.

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