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

Quote from jj69:

man I feel stabbed in the back.

Dont feel that bad, Cramer was a joke anyways, yes it sucks to have him or anyone come out on air ambivlent to the tax, but he still a joke! Keep writing mad money, and everyone u can now write and rewrite your reps and senators big time. The good thing we can hold onto is the names attached to the bill no matter what lip service is it is still the same people. I will get more scared when I see big names, for now just dig deep and write to everyone
 
Its also annoying when cnbc jumps on the band wagon like this was breaking news even though she had Defazio on several weeks ago talking about this new bill he was drafting
 
See my other thread.

Once big names that have been bought off or threatened (Cramer) the momentum will build with frightening speed. Couple that with most "conservative" bloggers like Redstate, Malkin, etc. are only on health care and have not taken the cause up, only traders like us, and it is trouble.

The public, like on the executive pay issue, is brainwashed and oversimplifies and HATES Wall Street, so they will like it, and not see the difference between the players and the tax impact on lower financed folks like MOST of us on this site.

They will not see the tax WIDENS the gap between rich and poor, and will not see that they are being fooled.

I worry for this nation, it is becoming socialist utterly to a speed that is dazzling...
 
Cramer might be a big name in ENTERTAINMENT, but people who decision make do not take him serioulsy, he made his money on the wrong side of a very grey or illegal area of his hedge fund, he is not the one to preach either way
 
Quote from ksharmon:

cramer has responded to revshark

Jim Cramer
Tax on trading
11/24/2009 3:01 PM EST
Not happy with it but i think that it is fair game and not as catastrophic as in old days. I think there is a perception in this country that all taxes are bad. My thinking is that EVERYONE has to bear costs including people who trade. I pay 50% of my income in taxes. I dont want more taxes. But i think that things have gotten out of control and we need taxes and spending cuts and i am not going NIMBY on people. Sorry i disappointed.... but we need change..


He doesn't understand the size of the tax. 1/4% is an extremely deceptive number. Send him example trades along with the asccoiated taxes on the trades to his inboxes.
 
Quote from rsikit:

Cramer might be a big name in ENTERTAINMENT, but people who decision make do not take him serioulsy, he made his money on the wrong side of a very grey or illegal area of his hedge fund, he is not the one to preach either way

You're right rsikit, it just makes me sick that he's for it now and how he's just clearly showing what scum he really is.
 
I think Cramer's "approval" of the tax on air is not insignificant. Whatever we may say about him, he's looked into this and came to a conclusion. If he can come to this conclusion, so can many in congress that we feel would think otherwise.
 
It was not so much an approval just not a disapproval, I think he chickened out either way. You see how quick they let this go this time, and that bitch luckily enough didnt push the issue and have Cramer jump around like a monkey
 
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