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<i>Your kidding yourselves if you think this won't pass. I hope you Obama voters are happy now. It should serve as a lesson to you all about how far out of control the democrats have become.</i> If the Republicans are opposed to this tax, they can filibuster it and get it stopped. So, if it...

<i>THEY DON'T HAVE ANY FUCKING IDEA OF WHAT THEY ARE DOING.</i> Do you think Bush/Paulsen, the people that got us into this mess, knew what they were doing? The stimulus bill has barely gotten passed. Why is it that people think our economy will be fixed tomorrow? It won't be. Obama...

<i>what exactly his qualifications for this job actually are????..</i> I'm sure you can look up the constitution yourself regarding his age and him being born in the US. Furthermore, he was elected by the majority of the electoral college. Those are the qualifications in a nutshell. You do...

<i>The democrats have ran this country into the ground.</i> I thought Bush, our President over the last eight years, was a Republican...

<i>What is the problem with these people? Why can't they give me news without politics?</i> I couldn't agree more. I think CNBC has forgotten what their mission statement is. I no longer watch CNBC. Thank God for competition and Bloomberg.

<i>I wouldn't worry too much about this- I'd imaging the average bank balance of this group is probably about $125- a bunch of $107 withdrawls probably won't cripple the Fed. Should be good people watching, though- I'm planning on taking a case of beer and meeting a few college buddies in the...

Anaconda wrote: <b><i>I doubt it will drop more than 30%, and that is exaggerating. The market making black boxes will pick up the volume, as they will be exempt.</b></i> Based on what exactly? In Sweden the volume of their 11 biggest stocks dropped by 60%. <i>The impact of a Swedish...

<i>The average Joe Blow daytrader era is about 15 years old. You gonna try tell yourself that before this time companies were unable to raise money? Come on.</i> I think a better comparison is pre-1966 when the US eliminated the transaction tax. We had no Nasdaq in those days. The Nasdaq...

<I>On the other hand, the argument that it would bring market stability is a very simple argument and therefore compelling to the voting masses. </I> We had a 0.20% transaction tax during the 1929 crash. So much for the market stability argument...

<i>what is the tangible output of trading? i am afraid there is only one answer and everybody knows what it is. trading is parasitic and should be taxed accordingly.</i> Traders provide liquidity to the markets. Without liquidity, companies would eventually be unable to raise equity...

<i>I know Swedes who have traveled to Denmark or other countries for an operation for which they would have waited for a year or longer in their home country.</i> A friend of mine in Sweden hurt his hip so badly that he needed surgery. If he had only been in the public system, he would have...

<i>I keep saying, most states have programs for the uninsured.</i> Yes, MOST states have some programs. Not all. Why do you think people are declaring bankruptcy because of their medical bills?

<i>There are state programs that provide health care for the uninsured. In my experience I have never heard of anyone not receiving the care they need, not saying it hasn't happened. In fact the state in which I live, state insurance is in many ways better then other private insurances.</i>...

<i>The US system has the best health care in the world, yes it is expensive and yes there are problems. But the fact remains it is World Class second to none. If you are saying the US health care is in the arms of big business perhaps this is the reason it is number 1.</i> It is number 1 if...

<i>You have no idea what you talking about.I live in Sweden and I can tell you that it has one of the worst health care systems in Western Europe.Incompetent doctors imported from Poland, Bulgaria, India.Most of them can't even speak Swedish.People are waiting for years for surgeries and if you...

<i>The government doesn't provide home owners insurance, you purchase it.</i> Not the same thing. Insurance companies in the US can reject you if you have cancer, MS etc. Without health care insurance, you will eventually be forced to declare bankruptcy. Or not seek care, and you will...

<i>Politicians figure that 1 guy's capital gains are somebody's capital loss, so, small change there.</i> Right, but for some traders (depending on incorporation, etc) one only take up to a $3,000 loss whereas for gains one must declare the entire capital gain. So, there should be some...

<b>Risktaker wrote: Not even the European "socialist" countries like Sweden/Finland have such a stupid tax!</b> Sweden is an interesting example of the fallacy of this tax. They had it, it failed miserably and they eventually had to eliminate it. <i>The Swedish system of taxes also played...

<i>They probably looked at the trading volumes and calculated how much they can make after imposing a tax.</i> The thing is that in real life it is more complicated than that. If this tax is enacted, I would no longer trade at all. So my trading volume would go down to 0. However, and more...

<i>Guru -- We hear talk of that from time to time, but have not seen any proposals.</i> I don't think this is true anymore. Didn't John Conyers put in a formal proposal with HR 676? He proposes single payer health care to be partially funded with this tax?