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

Quote from listedguru:

Here is some more color on what Pelosi said courtesy of the hill:

http://thehill.com/homenews/house/68629-stock-tax-less-likely-for-jobs-bill

-Guru
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The good thing is of course this cannot be implemented in 4 weeks with international rule.Its good that the US was looking for this tax as a specific purpose and she didnt say we will still try to get consensus afterwards. We know even if we had international consensus, that it would still it the economy. Still hit jobs. We can forget about jobs moving oversees in that respect but what about all the financial companies and ones who support them like technology companies, and financial companies advertisting budgets etc.. Their bottom line would be affected regardless if this was unilateral or international. Then they would still cut jobs. Liquidity would still dry up becuase regardless we would not be able to trade. Worldwide trading would then sink becuase no country would be able to house our trading since it was an international rule, and the global economy would be sluggish and innovation would stop etc..We know dems are liking it regardless that she said it has substantial currency in her caucus, we know this. We also know of several dem senators and all repubilcans in senate wouldnt back this, so our numbers still wouldnt let this pass even if they wanted it. And if we are lucky enough to gain seats in the senate in the 2010 midterms we only get stronger from there. Those internationally who make the most noise aside from Sarko and Brown are just the NGO' for development. Hopefully the IMF comes out with solid reasons why this is not a good idea, and not implementation problems but economical problems. Dominique Strauss Kahn already alluded to this as well. There are also rumblings he will run for the French presidency next election as well.
 
I hope Brown/Sarko don't take heart from the international commentary from U.S. and ramp up their efforts to build consensus eyeing future possibilities.
 
Quote from jj69:

I hope Brown/Sarko don't take heart from the international commentary from U.S. and ramp up their efforts to build consensus eyeing future possibilities.
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We can assume they will now!
 
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