<story><title>Wall Street Profits by Putting Investors in the Slow Lane</title><url>https://www.nytimes.com/2017/07/18/opinion/wall-street-brokers-rebates-kickbacks.html</url></story><parent_chain><item><author>Pxtl</author><text>Remember when Sanders proposed a small fee on every trade on Wall Street to discourage high frequency trading and to recoup some value from the market?  Remember how he was widely pronounced deranged for suggesting that there should be a fee associated with trades?  How it would destroy the market?&lt;p&gt;Funny, that.</text></item></parent_chain><comment><author>rramdin</author><text>Sanders lacks fundamental understanding of the stock market, indicated by his unsubstantiated refrain &amp;quot;the business model of Wall Street is fraud.&amp;quot; First, there are already per-trade regulatory fees, so this isn&amp;#x27;t a novel idea. Second, this is necessarily a regressive tax: wider spreads mean worse prices for the ultimate owner of stocks; that tax is applied whether trades are retail (you and me), institutional (big Wall Street firms, i.e. IEX&amp;#x27;s clients), or HFT (small tech firms).</text></comment>
<story><title>Wall Street Profits by Putting Investors in the Slow Lane</title><url>https://www.nytimes.com/2017/07/18/opinion/wall-street-brokers-rebates-kickbacks.html</url></story><parent_chain><item><author>Pxtl</author><text>Remember when Sanders proposed a small fee on every trade on Wall Street to discourage high frequency trading and to recoup some value from the market?  Remember how he was widely pronounced deranged for suggesting that there should be a fee associated with trades?  How it would destroy the market?&lt;p&gt;Funny, that.</text></item></parent_chain><comment><author>dsacco</author><text>Your comment, while snarky, isn&amp;#x27;t a refutable statement. As it stands you seem to be endorsing some position, which I&amp;#x27;m inferring is in favor of Sanders and maybe in opposition to HFT. I can&amp;#x27;t really tell what you&amp;#x27;re getting at precisely though.&lt;p&gt;&lt;i&gt;&amp;gt; Remember how he was widely pronounced deranged for suggesting that there should be a fee associated with trades? How it would destroy the market?&lt;/i&gt;&lt;p&gt;Who said this, &lt;i&gt;specifically?&lt;/i&gt; What is your point in bringing it up?&lt;p&gt;&lt;i&gt;&amp;gt; Remember when Sanders proposed a small fee on every trade on Wall Street to discourage high frequency trading and to recoup some value from the market?&lt;/i&gt;&lt;p&gt;I&amp;#x27;m getting the sense that you&amp;#x27;d be in favor of this - can you tell me why, in your own words, you believe we should be trying to &amp;quot;recoup value&amp;quot; from the activities of high frequency traders?</text></comment>