Here is the latest blog posting from Robert Green regarding the transaction tax:
http://www.greencompany.com/blog/index.php?postid=34
-Guru
http://www.greencompany.com/blog/index.php?postid=34
-Guru
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1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Quote from FightTheFuture:
Tomorrow:
international 'Tobin tax' summit
New taskforce will study the feasibility of imposing an international levy on foreign exchange deals
http://www.guardian.co.uk/business/2009/oct/21/stephen-timms-tobin-tax
And then the idiots said something like, 'We need to bail-out the banks, the banks need to repay the government. Hey, with this Tobin tax we can spend it on something totally unrelated to the bail-out.'
Here is some more color on the conference you mention above. The guy from Britain doesn't sound too keen on the tax:
http://www.thisismoney.co.uk/market...=492238&in_page_id=3&position=moretopstories#
-Guru
This meeting today was without the United States, they do not belong to this group seeking Alternative Financing. So they US is not a member nor an observer. I would like to see this group pass it , which will be valid in their own countries and see the real consequences. As of now the ftt has died down a smidge and more and more offcials are leaning toward the fee based approach, fdic type model. Which is probably a good idea anyways.
Dean Baker foaming about "Showdown in Chicago" demonstration, and how the financial transaction tax is the only cure for Wall Street.
Baker: "Congress will only consider an FTT, as opposed to more regressive proposals like a national sales tax, if the public demands it."
'If the public demands it'. That is the scary part. On other financial, investing forums, seems like more than half want the tax. And you cannot reason with them. Someone of self-importance will mention the tax and the investors, much more than traders who know how the markets work, are all for it, don't even question it. Don't realize that they will have their retirement cut in half. A lot of gullible people, unable to think for themselves.
http://tpmcafe.talkingpointsmemo.com/2009/10/22/the_200000_insult_come_to_chicago/index.php
Baker: "Congress will only consider an FTT, as opposed to more regressive proposals like a national sales tax, if the public demands it."
'If the public demands it'. That is the scary part. On other financial, investing forums, seems like more than half want the tax. And you cannot reason with them. Someone of self-importance will mention the tax and the investors, much more than traders who know how the markets work, are all for it, don't even question it. Don't realize that they will have their retirement cut in half. A lot of gullible people, unable to think for themselves.
http://tpmcafe.talkingpointsmemo.com/2009/10/22/the_200000_insult_come_to_chicago/index.php
Funny this idiot has nothing new to say his article about the FTT is basically the same article he wrote in the times 10 months ago. This guys has an agenda to save the world and for the UN disgusing it on a tax on wall street. When the so called PUBLIC finds out the tax will be on them it will not be a call to arms for the FTT. This guy has been outspoken on this agenda for almost a decade now along with all the not for profit groups such as Attac, commondreams.org all those leftist hippe places.
Dean Baker comes out every chance he gets when the ftt chances start to dim like after Geithner said he did not like with a few others last week. Just like he send one of his directors who work at his policy institute to go on cnbc the other day. Instead of talking about the segment on windfall profit tax on banks, he sidestepped it and brought up the ftt. I think he is gonna get some kick backs if this happens, the little douche.
Quote from FightTheFuture:
Dean Baker foaming about "Showdown in Chicago" demonstration, and how the financial transaction tax is the only cure for Wall Street.
Baker: "Congress will only consider an FTT, as opposed to more regressive proposals like a national sales tax, if the public demands it."
'If the public demands it'. That is the scary part. On other financial, investing forums, seems like more than half want the tax. And you cannot reason with them. Someone of self-importance will mention the tax and the investors, much more than traders who know how the markets work, are all for it, don't even question it. Don't realize that they will have their retirement cut in half. A lot of gullible people, unable to think for themselves.
http://tpmcafe.talkingpointsmemo.com/2009/10/22/the_200000_insult_come_to_chicago/index.php
Yeah this Baker is a piece of work. He keeps printing the same old garbage with nothing of essence to back it up. He keeps saying how this will raise $100B (what the heck is he smoking?) Why don't these folks just crawl back under the rock they came from and leave us alone. Enough will all the taxes and bs already..
-Guru
Quote from listedguru:
Yeah this Baker is a piece of work. He keeps printing the same old garbage with nothing of essence to back it up. He keeps saying how this will raise $100B (what the heck is he smoking?) Why don't these folks just crawl back under the rock they came from and leave us alone. Enough will all the taxes and bs already..
-Guru
I second that!
Baker has to know it will not raise that amount of revenue after capital gains and income taxes from lost jobs are reduced. He admits and knows that it will reduce financial activity back to where it was in the 1980's. How will that not hurt the average investor.
The Baker types have an agenda, ideology, to destroy the wealth of the many- the middle class, and concentrate it in the hands of the few, himself apparently. That's his gimmick or niche he has carved out. I wonder how many of his books he has sold, other than to his mommy whom he probably made pay for it. Look ma, your son done good by screwing the masses.
The Baker types have an agenda, ideology, to destroy the wealth of the many- the middle class, and concentrate it in the hands of the few, himself apparently. That's his gimmick or niche he has carved out. I wonder how many of his books he has sold, other than to his mommy whom he probably made pay for it. Look ma, your son done good by screwing the masses.
Quote from FightTheFuture:
Tomorrow:
international 'Tobin tax' summit
New taskforce will study the feasibility of imposing an international levy on foreign exchange deals
http://www.guardian.co.uk/business/2009/oct/21/stephen-timms-tobin-tax
And then the idiots said something like, 'We need to bail-out the banks, the banks need to repay the government. Hey, with this Tobin tax we can spend it on something totally unrelated to the bail-out.'
This is nothing more than a political witch-hunt designed to throw retailers under the bus. The sheep want blood, idiot politicians agree, so they wrap it up with this "Save-the-World-Agenda" BULLSHIT. You're not against helping the Third World, are you?!??
The problem is BANK LEVERAGE. Taxing retailers does nothing to prevent Banks gearing 30 to 1, writing crap debt, selling it, and blowing huge bubbles in real estate and offshore markets !!!
A Tobin Tax kills the little guy and wipes out competition for the Big Guys WHO CREATED THE ENTIRE MELTDOWN, TO BEGIN WITH.
A tax on equities would kill US markets, pensions and Wallstreet. Who knows. Maybe that's what "they" want.
Goldman has Chinese Offices. Short America to the ground, then move on to the next fledgling superpower, leverage their economy to the tits with consumer and private debt - so much that it can't ever be repaid - and destroy them, too! Wash, rinse repeat.
Meanwhile, we're all left in hock to these assholes who conjured that debt from nothing. And now, America owes them everything.
How exactly does that work ? And why does some Banker Fuck claim the RIGHT to my labor and property from extending a loan he never had the physical principle to begin with?? THATS FRAUD.
How did we get here? And will the spineless political whores ever confront the Bankers on this gargantuan scam?!
No, they won't. Because they're spineless douchebags who think they'll get to rule over whats left of our stinking carcass, after its all done.
If Banks get leverage, traders get leverage. Its that simple. Take away leverage, fine? THEN DO IT FOR BANKS, TOO, YOU JUDAS GOATS.