The problem is here :
"A number of proposals have been made to ensure that the financial sector pays for the systemic risk that must be borne by the rest of the economy: these include proposals for contingent capital and capital insurance, and for systemic risk levies to finance resolution...
Did you notice? They aren't weighing the Tobin against other type of levies. I find it really positive.
However, I don't like the way things are going: global rules, global tax...We need to stop this, not as endangered workers like we were in front of the Tobin tax, but as world citizens. No...
If I'm right, about 2-3 years ago, a copper trader( trading with the "regime" funds if I recall), escaped China leaving his book alone with millions in losses... I hope they never found him or he will be the second.
Fuck France. I'm ashamed:
http://thegovmonitor.com/world_news/international/france-at-copenhagen-taxing-all-financial-transactions-will-fund-developing-countries-18227.html
Nothing Transaction tax related, but Strauss-Kahn hates Sarkozy because of a recent sex scandal:http://www.timesonline.co.uk/tol/news/world/europe/article4972855.ece
Apparently, from today in "Le Monde"( didn't find an english article). Strauss-Kahn took apart Sarko in the toilets at a...
I have a question: Have someone read somewhere that Switzerland was explicitely against the tax?
I have been in touch with a swiss that said me it was not on the table there, but I don't recall an article saying they were clearly against it.
Seriously, if a republican or the administration propose an insurance fee bill, the tobin is dead in the US, and pretty much worldwide....Tell your congressmen to introduce a new insurance fee bill on banks.
Nope... Drukes and other stock traders won't even make a trade with 0.25%. They are really crazy with stocks.
Even as a futures trader, I would trade just make a minimal income for a moment and switch everything on non taxed exchanges when I get effective strats.
I could live with 0.02% too but it would cut my yearly gains almost by half( futures here ). I would continue to trade while focusing on non-taxed instruments for new strategies.
I agree with Swan Noir. Those tax supporters can't see the disastrous effect of a 0.25% transaction tax on the economy, but they would be super intelligent in disabling us to trade off shore.
That's a moronic law. The application would be moronic as well.
Fur sure, we will perhaps have to...
Also I just love how bank backed financial geniuses from Nuclearphynance are just awaking with a thread with 9 or so answers:http://www.nuclearphynance.com/Show%20Post.aspx?PostIDKey=136586
And bank traders say it doesn't deresponsibilze you when trade with bank money and have at least a...
As Seaside said, EVERYBODY must comment on the IMF website. they are pretty much deciding our fate and are quite our allies:http://www.imf.org/external/pubs/ft/survey/so/2009/NEW120109A.htmJust say Tobin = Main Street tax. Insurance fee = Bank tax.
1000 characters max. Apparently not published.