The original numbers i saw for such a tax was in the range of .01 to .1%. This doesn't sound like much, but it really aimed at high speed trades which take plac thousands of time a second, which adds up real fast.
On 10/20/11, kindofblue<email@example.com> wrote:
If OWS is to do this I believe we should either not name a specific
number or stick to the number endorsed by a wide range of people
including economists like Krugman & Stiglitz. I don't think that we
should come up with an arbitrary number (or let adbusters propose an
I imagine a 1-5% financial transactions tax would have very negative
effects on the liquidity of markets. Of course I haven't studied it,
which is why I am not proposing the exact number and prefer to stick
to the one endorsed by Stiglitz/Krugman/Katz and others.