Actually, looking at my notes on this mod- the max is less than 1%. Again, 1% is the lowest value the bar will display.

The bar will only show 1%, nothing less. 1% is the max. If you keep the bar low, its a tiny fraction of one percent. The effect on trading should be negligible. Chill folks.

Transaction tax = pay a certain amount per transaction whether it made profit or lost money
Capital gains tax = pay a certain percentage of the profit
This mod = property tax on stocks = pay a percentage of all stocks you own every year whether you sell them or not

It's a great tool if you want to choke capitalism a little and make sure banks make more of the profits and small scale investors make less. Also great to encourage more risky and highly leveraged investments and discourage safer ones (because a safe 1% stock being taxed with this means you get 0% return, but a risky 10% stock still returns 9% after tax). Which is great because once you screw up the market like this and it crashes, you can blame capitalists and put even more draconian measures in place. Invaluable for any self-respecting socialist distopia!

You know a capital gains tax is a tax on the transactions of stocks and bonds, right?

Why is this just a 1% tax?

The only people sperging out about this mod are teenage libertarians and silly ancaps. The only true system that works is National Socialism and Fascism. :- )

Whatever you stupid political belifs are it's just a fucking video game

Taxation is fair.

Sybas knows what's up.

Taxation is theft.

All this talk below me is reminding me I really have no idea how to run a country :D

GDP increase? Huh? Even if 100% of that additional tax revenue is spent on economic outputs by the govt, you're getting a 0% net change in GDP. However, because governments (and any organization, for that matter) are not 100% efficient - there are losses (ie wages, operation loss, etc.) that means that 100% of that taxed value will not be reintroduced into GDP calculations. And fwiw, I'm not arguing your points about the tax - simply pointing out that your understanding of how GDP is calculated is entirely wrong.

@Pingvidas
Not quite. Capital Gains is on the profits made by stock sales as a source of income. A Stock Tax, in this case, is a tax on the values of the stocks owned itself. A Stock Transfer Tax is a tax on the transfer or sale of stock, irregardless of if that transfer or sale makes a profit. :)

I think this tax mostly the same as capital gains tax.