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
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1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
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
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...
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...
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.