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

a little tought on the subject...

I think the world as never seen a protest from liquidity providers/pricers in the recent times...

If we all stop to do our business for a day, like next monday, will it have an impact on global liquidity ? the 24hours of monday in CT timing...

I know that the consequences of such a decision if really followed ($$$) are unpredictable...
 
for me as I read french, Strauss-Kahn was always in my mind a leftist, totally communist. It was a big surprise to see him named a the IMF...

I think he made a mistake by agressing Sarkozy... he revealed his cards !
 
If you read up on Kahn he is a socialist. But since he is in the IMF he usually agrees with US treasury policy so we shall see what happens. He is also supposed tobe mentioned as a candidate in the next french election as well. Our next step is the imf, remember IMF has no law making or governing body just advisory. we take votes in the IMF and the US has rarely listened in the past but with Obama anything is possible. We do have the ability with the only veto in the IMF to vote something down. i think its too late for the jobs bill to have this tax in there. it would take to long. we need to be on our toes all next year until we r guarnteed a filibuster in senate. so hopefully we gain seats. then 2012 nobama. one tning i dont like is paul volcker on obamas eco team. he has said we should have a study of the tax
 
ohh and since he is French he hates the USA... he is jalous. He was all is life frustrated not to have to right to stay in the Us...

So he turned to the "darkside"...

France is a failure :

They lost the language battle to english, even in the old colonies they start to speak more english than french
They lost the market war... only a few French Kings...
They lost all their colonies ( only a few island left in all the oceans of the world )
They didn't achieve the immigration succes of the US... never a born french from another country will defend the french flag ( see football ) ...
They lost the war about high quality/ value French product trought the incapacity to industrialize their process ( food production, clothes etc )... All the high french value product have to be hand made...
They lost the cultural war, french movie don't reach the marketshare of bollywood... , french music is dead or mixed with english lirycs,...
In journalism, freedom spirit is dead in french media...
They lost the internet war... incapable of innovation. No succes a la hotmail, facebook, xbox, ebay...
they lost the technology war, no french manufacturing of computer parts...

However they still think they are the best in the world and now better than anyone else...

And worst Strauss-Kahn has lived this defeat... before there was still hope to win on the "battlefield"...

France will support perfectly theses kind of taxes and put back their model in better shapes...
 
Quote from SNBthetrue:

a little tought on the subject...

I think the world as never seen a protest from liquidity providers/pricers in the recent times...

If we all stop to do our business for a day, like next monday, will it have an impact on global liquidity ? the 24hours of monday in CT timing...

I know that the consequences of such a decision if really followed ($$$) are unpredictable...
More...

Not enough would participate and even if everyone did, one day is not long enough for the average person to notice anything. Then the media would use that to "prove'' how useless we are.


Here is one example of what happens when a transaction tax is introduced.

10-14-09: Taiwan tax commission wants to introduce for a 3rd time a stock transaction tax. 1973 was the first time they introduced the tax, result: the market fell 63% within a year. In 1988 they reintroduced the tax for a second time, result: 19 consecutive losing days, down 43% in less than 3 months. Source: taiwannews.com.tw

I have posted the above example on many sites and the commenting proponents dismiss that as meaningless. Which shows me they are either on welfare or simply want to destroy capitalism or both.
 
Quote from bpcnabe:

"The effect of a transaction tax can be extremely damaging... Essentially it's a tax on jobs," Rolet said.
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This article was posted when it came out

but its important so reminder useful
 
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