I'm sorry but any trader that says this is a good thing or that it wouldn't effect them clearly does not actually trade and make money. Many "traders" have been exposed in this thread, I'm shocked Stock_Trad3r hasn't praised this tax yet.
Exactly... there will be ways around it, it may take us some time (maybe even up to a year) to perfect exactly how to get around it but it will happen. This tax would be a major inconvenience but I do not think it would eliminate us traders.
We may close green? LOOOOOOL you have got to be the STUPIDEST person I have ever seen post. StockTrad3r, you are the biggest embarrassment on ET and that's saying A LOT!
Aint happenin', some of the most powerful and most influential people in the world will be against this in a big way and they get what they want.
Look at the people bringing this idea up (some idiot from the NY Times) and then look at the people refuting the idea (Larry Summers) and tell me...
Exactly what I'm saying, it's very unlikely that it will happen but considering it's our livelihoods here, we might as well start fighting against it and doing everything we can in a VERY preemptive matter.
You guys realize this has been floated around for YEARS and while it would kill all of us, we shouldn't absolutely freak out because of some little NY Times article. DeFazio has no pull and Sommers when last asked about the transaction tax said it is not realistic and would do more harm than...