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Establish a Wall Street speculation fee to ensure that large financial institutions pay their fair share in taxes. A fee of 0.03 percent on the sale of credit default swaps, derivatives, options, futures, and large amounts of stock would reduce gambling on Wall Street, encourage the financial sector to invest in the productive economy, and reduce the deficit by $352 billion over 10 years, according to the Joint Committee on Taxation.
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This proposal on speculation is solid but should be .5% then it would make a difference. If nothing else this would tend to stabilize stock, bond and currency prices and help the economy in many unstated ways. If you sell out before you have made a reasonable return on your investment you are speculating and just gaming the markets. There is no economic benefit to the market or general economy. (What ever happened to the guillotines?)
On capital gains the top 0.05% would almost yield the same amount and not affect myself or anyone I deal with (nor the pranksters around here).
The rest to me is populist foolishness ...