Tobin tax etc.

[Bill Rosenberg]

> Say this tax was 1/10 of 1%; have a 1,000% turnover rate?  Lose 1%.
> Have 10,000% turnover?  Lose 10%.  Have 100,000% turnover?  Lose it
> all.  How long does it take to have a 100,000% turnover rate?  I bet
> that many baby boomers have done so already in their lifetime in
> their 401ks.

Can anyone tell us what the brokerage fees would be on these kinds of 
transactions (including derivatives) would be? More or less than 
0.1%? Or don't these guys pay brokerage?

Bill

Bill Rosenberg, w.rosenberg at csc.canterbury.ac.nz