They are currently very attractive. Once you implement a transaction tax on them though, they become less so.
When transaction volume begins shifting to an untaxed foreign exchange, the companies will begin the process of relisting to be on the foreign exchanges. The process (obviously) isn't easy or fast, but it's preferable to unallocated shares.
Beyond that though, as transaction volume dwindles, and it simply must do so, there are less transactions being taxed. The tax might work as advertised in the near term, but will fail through attrition in out years. Of course, by then, it will have been claimed a success and Bernie will likely be out of office, so it'll be blamed on the next guy.
And, of course, let's not forget the idea that for every $1.00 we increase college subsidies, colleges raise prices by $0.65.
When transaction volume begins shifting to an untaxed foreign exchange, the companies will begin the process of relisting to be on the foreign exchanges. The process (obviously) isn't easy or fast, but it's preferable to unallocated shares.
Beyond that though, as transaction volume dwindles, and it simply must do so, there are less transactions being taxed. The tax might work as advertised in the near term, but will fail through attrition in out years. Of course, by then, it will have been claimed a success and Bernie will likely be out of office, so it'll be blamed on the next guy.
And, of course, let's not forget the idea that for every $1.00 we increase college subsidies, colleges raise prices by $0.65.