The Hill - January 28, 2021
Amateur online traders fueled by discussions on Reddit sent shares of the struggling video game retailer flying Wednesday, which saw its share price jump to $347 per share. Overall, its share price has risen more than 1,800 percent in January.
“A small tax - 0.1% - on each Wall Street trade would reduce high frequency trading, a practice which drains profits from retail investors and benefits only the very rich,” Omar tweeted.
“We could use the close to $1 trillion it would generate to cancel all student debt and make college free,” she said.
The tax would generate $2.4 trillion over a decade and the cost of student loan cancellation would be $2.2 trillion. ...
Read full report at The Hill