This sort of financial activities is complete economic nonsense, as it brings nothing of value to people,
Indeed, economics is a zero-sum game. For every dollar somebody gains, somebody else loses a dollar.
companies or other concerns that actually produce something useful to society as a whole.
So companies are good, but buying and selling ownership rights of companies is very, very bad.
Just reading the /. blurb should be enough to convince anyone that "robot trading" is a parasitic activity that should be taxed to oblivion
Not to mention the slice of the software industry whose bread-and-butter is "robot trading" software.
- by ways of a tax based on the speed of trading for instance -
"Sir, I pulled you over for doing 85 transactions per second in a 65 TPS zone."
and financial markets forced to become what they're supposed to be:
Financial tools for accumulating wealth?
places for investors to invest in real economic activities for the long haul.
So buying and selling ownership rights of companies is actually a good thing. I should get on that.
In all seriousness... lots of people and businesses struggle to "earn" more than they spend in a given month. The stock markets, however, offer people one option in case they have somehow managed to earn more than they need each month. The businesses who run the stock market are therefore entrusted in these people's wealth that is being accumulated for their retirement. People are free to use or ignore the stock market retirement companies. Some people may even be able to outperform these organizations in the long term because of lower overhead costs. Everybody else, however, trusts their retirement in these companies with deep pockets and access to "advantages" such as "trading robots" that maximize their retirement accounts. To this end... somebody else pays to balance those gains which is where TFS talks about being a "prey" instead of being a "predator". At the end of the day, though, if you think of the stock market as "Supplemental Social Security" (at least in US where SS is an implementation of a government-operated retirement organization) then maybe you'll be able to rest easier.