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I think under current backdrop of banks coming under fire from public/congress, it is unlikely they have the power to initiate any agenda. And there's all the other retail trading related entities that should want to fight this. Do they have enough firepower, that's the issue.

Yes, I think in the end it will come down to whether or not the big players decide to fight this thing with force. There could be enough exemptions where they won't feel the need. Please, take the stocks. Just leave the futures alone. Or if you're gonna take the futures too, at least leave...

Problem is no CFDs allowed in US. And I agree that the public will be for the tax. Why not generate whatever revenue at the expense of non-productive activity. I am telling you guys, this tax will eventually come up for serious consideration. I think in the end it will come down to whether...

My fear stems from what I see as a gigantic secular macro social/economic retro-active movement. And the government will continue to make missteps compounding problems as it is wont to do. As markets over time continue to work lower reflecting this secular shift, targeting what is perceived as...

Man, I love making a living trading. This transaction tax thing is gonna put a kibosh on it. And with all the populist anti-wall st. wave gaining momentum, with the dems in power eager to exploit it, I just get the feeling that this tax becoming law will be inevitable within the next year or...