Re: Tobin Tax. Anyone want to help me build the Tobin Tax website?
Everything you bring up involve two parties transacting with the knowledge of the other party and both parties benefiting from the transaction. Once again, how does this compare to the HFT? Nobody's been able to answer this question, they just pull a red herring out or straw man and start harping on something I never said or insinuated.
If I put in a limit order to buy some sort of security and it gets fufilled by a HFT bot then I benefit by getting what I wanted. The HFT bot benefited assumingly by making a small profit. We both benefit. HFT is not a secret. If I think a price is out of line with what I want to pay for something because of a HFT then I don't buy it. Again, there is nothing stopping anyone from creating a HFT-free exchange - unless there's a law against it.
I've replied to a similar response as this above this post if you care to read it.