Tax the seller in stock exchange transfers at the rate of 0.001%, with proceeds dedicated to the Securities and Exchange Commission for oversight and consumer protection from fraud, abuse, and excessive market volatility..
Why is this important?
The volatility of markets hurts the little guy, who does not have instant information or trading ability and is whip-sawed by violent swings that follow rumors and insider information. A tiny tax on each transaction would tend to dampen impulsive bulk trading and stabilize markets, while providing significant funding for oversight and policing of our market system to prevent fraud, abuse, and to decrease the risk of market collapse.
