Last Straw

Mark Cuban in response to yesterday’s stock mar­ket panic:

Tax every single share of stock that is bought and sold 25 cents per trans­ac­tion … If you are a true investor. Someone who wants to own a share of stock in a com­pany you believe in, then its an amount that is not going to impact your invest­ment decision mak­ing pro­cess … If you are a day trader, you are going to have to be right more often or actu­ally hold on to stocks for a longer period of time. That’s ok. I know it will be rough on some of you that make a liv­ing this way. But in real­ity, you don’t add any­thing to the markets.

Via Dar­ing Fire­ball.