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I am getting it all the time. They blame it on low computer memory.

Did anyone of you get any response from your congressmen to the letter you people have sent against this tax?

The tax is bigger than your capital if you trade with it once every trading day for 1 year.

Is the guy credible?

We'll see about that.

What is your opinion on reits? Do you consider them a good buy as well?

If you did $200 mln round-trip trade last year ( just once ) you have to overcome $200,000,000 * 0.005 = $1,000,000 ( 1 mln ) in new tax.

He sounded very optimistic when he was stumping for votes but once elected he turned pessimistic realist overnight.

I am just wondering where we go from here? Will trading be risk free as last November?

Try "Plunge Protection Team".

Did you see yourself this rally coming?

Yes.

Here is the link so people can see it and sign the petition: http://www.elitetrader.com/vb/showthread.php?threadid=154423

I doubt the questions of life and death belong to chit-chat. Maybe after the storm settles.

Why "Transaction Tax - Sign the Petition!!!!!!!" thread was moved to chit-chat?

Investor ( or short-term investor ) would be a good substitute.

Unfortunately the guy is stubborn.

My portfolio is let's say $10,000. Daily tax is (0.25% + 0.25%) / 100 * $10,000 = $50 a day. Right? If I trade every day it's $50 * 250 trading days per year = $12,500. Why do I have over 100% of my capital in a year in my calculations? Where do we differ? What do you mean by "2.5...

Can you please explain how did you come up with the number of 10% of capital over a ten year period?

Speculators are at the core of the capitalism. It's all about turnover of capital. You shut down the speculators you destroy the capitalism.