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by tomp 3798 days ago
Exactly, which encourages competition - exchanges can either reduce this tax (earning less per trade, but encouraging more volume), or maybe even increase it (rewarding liquidity more, and so improving the trading process).
1 comments

Point taken, but competion is not a value by itself, tax money is.
I disagree, I think orderly markets are the goal. Ideally, the government should collect as little tax as possible, while providing rules that promote the good (e.g. competition) and discourage the bad (e.g. violence, externalities).