1/4% Tax on all stock trades pushed in NY Times today

[TraDaToR]

"Let’s say that with transaction costs of 0.30 percent per trade, half (50 percent) of an investment portfolio is turned over per year. In this case, the annual trading costs would total $150 per year. With the addition of a 0.03 percent FTT, transaction costs would rise to 0.33 percent per trade, but the trader would respond by turning over only 45 percent of the portfolio each year. Then the annual trading costs would total $148.50 — in other words, the regular investor would end up saving money."

Magic. Revolutionary. It can be applied to so many things in life.

 

[luisHK]

Quote from zdreg:

calling something stupid and idiotic without backing it up is a waste of time.
your comment will not influence members of congress.

The chart is certainly a textbook model of distorted scale to influence an audience.

 

[TraDaToR]

http://www.ft.com/cms/s/0/6585c5da-42e3-11e3-8350-00144feabdc0.html#axzz2kR0lI53k

 

[TraDaToR]

http://uk.reuters.com/article/2013/11/14/germany-coalition-ftt-idUKB4N0GA02P20131114

 

[TraDaToR]

http://www.businessweek.com/news/20...-at-odds-with-french-euronext-call-perol-says

 

[sheda]

http://www.zcommunications.org/the-...-that-might-change-soon-by-carey-l-biron.html

http://www.socialjustice.ie/content...n-tackle-climate-change-and-poverty-across-wo

Cant see much going on lately just leftists who have no god dam idea what they are on about babbling away. . . German parties calling for it to be applied to everything inc spot fx...even if it were legal they what? Expect to tax every euro to change hands outside of the eurozone??? Uh yea..

 

[FightTheFuture]

EU Tax 'To Have an Annual €50bn Impact On Pensions'

The research, carried out by the consulting firm Oliver Wyman, comprises one of the most detailed quantitative assessments to date of Brussels' Financial Transactions Tax (FTT)

http://www.key103.co.uk/news/business/20131115-eu-tax-to-have-50bn-impact-on-pensions/

 

[manstein]

Things are quiet now here in Europe

Stocks up and bond markets are well...politicians and socialists calm down. When things get ugly they start behaving like lunatics

...so I expect this matter to be delayed till the next crash in Europe....when the bond markets in the pigs start blowing up we will have a full blown FTT in Europe and a totalitarian communist bloc ruled from Brusells

It will not last too much though

 

[sheda]

...so I expect this matter to be delayed till the next crash in Europe....when the bond markets in the pigs start blowing up we will have a full blown FTT in Europe and a totalitarian communist bloc ruled from Brusells

Getting a bit ahead of your self there...

 

[Explorer]

German CDU budget spokesman gives FTT little chance

http://www.nachrichten.at/nachricht...und-die-Folgen-fuer-Oesterreich;art15,1246970

(google translation)
Although the introduction of a financial transaction tax is two billion euros in 2015 in the German budget. But Barthle leaves no doubt that there is nothing so: "I've already checked off as loss." The resistance in Europe is too big. "And if we act alone, which is death for the Frankfurt Stock Exchange."