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Even Socialist Worker isn't enthused: A Tobin Tax won’t solve the problem http://www.socialistworker.co.uk/art.php?id=19837

There have been several bills and media promotion over the past year. Futures as well as stocks were usually mentioned as 0.25%. This lower 0.02% for futures is DuhFazio's latest attempt. Once they get the tax enacted, once they get a foot in the door..... They are using these as...

ES:1100pts * $50= $55,000*0.0025 (0.25%)= $137.50 per side or $275 per RT. The 0.25% tax is the introductory rate. It will increase as all taxes do. The exemptions are meaningless, they can be removed. The cost of the tax is nothing compared to the increased spreads and broker...

http://www.ft.com/cms/s/0/fa821d80-e916-11de-a756-00144feab49a.html "Tobin himself abandoned the idea so why is the EU even debating this tax?" Published: December 15 2009 02:00

Perlsmutter comments http://www.coloradoan.com/article/20091214/OPINION03/912140316/1014/OPINION/Don+t+tax+our+investments

Geithner repeats the same line: "I have not seen a version that I think works." December 10, 2009, 5:00PM EST http://www.businessweek.com/magazine/content/09_51/b4160013906753.htm

I might do that, but I feel like what do I know with all of these people educated multiples more than I am, and don't they already know this? Seems like they would have better access and know how to research data and have the people trained to do that. The negatives seem like common sense...

Now it's $240 Billion. Really! I like how the media, even from the opponents, do not question DeFazio's purposefully tantalizing $150 Billion revenue number. Up until the last 3 years, the entire securities industry pre-tax profits totaled an average $22B per year from 1998 through...

So something like this: You cannot have a market without the market makers. Who will be the market makers and will they be exempt? Will market makers like Goldman Sachs and the other bailouts that everybody hates be exempt or will the cost of the tax be passed onto the so called exempt...

I would like to see a tax or penalty for the so called impartial, professional, mainstream media spreading misinformation and calling it informative news. This activity is socially unproductive, as they like to call trading. A one cent stamp tax for each word that they write would be fair...

Dem opponents round up votes against stock tax By Silla Brush - 12/07/09 12:35 PM ET http://thehill.com/blogs/blog-briefing-room/news/70899-dem-opponents-round-up-votes-against-stock-tax ...........at least 20 Democrat and Republican supporters.

A good review of some of the stuff that happened last week. About Pelozi, DFuzzy, and the three Dems against the tax. http://www.cnsnews.com/news/article/58099 Pelosi Endorses ‘Global’ Tax on Stocks, Bonds, and other Financial Transactions Monday, December 07, 2009

Transaction Tax: What's in It for Buffett? December 06, 2009 http://seekingalpha.com/article/176714-transaction-tax-what-s-in-it-for-buffett

And an excellent comment, too.

No need to register for comments. DuhFazio and his bill entitled "Tax Main Street Small Businesses and Retirement Funds and Pave the Roads Right Over Them Transportation Bill" http://dc.streetsblog.org/2009/12/04/senate-version-of-wall-street-transportation-tax-coming-next-week/

That's what I understand, too. At least lately. ---------------------- 3 weeks after Geithner said 'no' to the trans tax, he said he was also opposed to pre-funding bank bail-outs through an assessment, not insurance I guess, as he said it would increase risk taking. Seems like insurance...

If shorting will be allowed.

I thought I read a more reliable source about a month ago that Geithner was even against any kind of insurance or fee as that would only encourage even more risk taking. Supposed impartial journalists have their political beliefs so ingrained in them that they put words in the mouths of...

Not enough would participate and even if everyone did, one day is not long enough for the average person to notice anything. Then the media would use that to "prove'' how useless we are. Here is one example of what happens when a transaction tax is introduced. 10-14-09: Taiwan tax...

A thanks to Robert A. Green with a rare combination of knowledge and the ability to write about it, and to do something about it.