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

Quote from sappjason:

I have to say that I'm worried as hell about this tax. I day trade equities and if this thing gets passed, my system becomes a money looser over night.....

So, what's the consensus? Do you guys seriously think this tax has a chance in hell of passing?

It just seems like there are so many HUGE negatives that folks with half a brain will weigh in on the subject before it's too late.

Or am I simply in dream land?

We all hope and think that this will not go through. But there are lots of folks with that half a brain or less who are waiting to screw us
 
you call Sarkozy a dick tax hound. what do you think happens in the usa in the next few years? who do you thinks going to pay for uncle sugars showering of trillions to wall street to goose stocks 80%?who's paying for the trillions given to banks,autos and 100's of others who wanted bailouts?we're now a socialist state just like france.capitalism is no longer rewarded as nobody can fail. so guess what. get ready for huge tax increases to pay for the bill.
 
The Brits are the tax kings. They once charged people a tax based on the number of windows in their house. That's where the term "daylight robbery" came from. People literally bricked up their windows to avoid the tax.

Quote from hermit:

This is the first time I am hearing about this - "Britain to Go Forward with Broadband Tax"

WTF is wrong with the Brits, how do they think up all these insane taxes :D :eek:
 
Quote from sappjason:

I have to say that I'm worried as hell about this tax. I day trade equities and if this thing gets passed, my system becomes a money looser over night.....

So, what's the consensus? Do you guys seriously think this tax has a chance in hell of passing?



The odds are that it won't, but with a radical liberal in the White House, I suppose anything is possible. As long as Geithner still has his job, and the economy continues to improve, we should be okay. But again, anything is possible. That's why it's so important to keep up the fight, and contact our reps. in congress and let them know what a catastrophe it would be to enact this tax.
 
"And in August the National Library of France triggered a furore among the literary establishment – and a government review – when it revealed that it was opening negotiations with Google about a contract to digitise part of its collection, rather than using an under-resourced French public sector alternative."

French public sector alternative = The state is borrowing money ( "le grand emprunt") to get this really "important" job done...LOL
 
What is it with these "progressives" and their facial hair? Prez of the AFL-CIO, Baker and his brother Robert Pollin, Krugman of the NYT, etc. They remind me of certain leaders of certain countries, but you don't dare compare them.
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Tax the Speculators: An Old Idea Whose Time is Now

AFL-CIO President Richard Trumka’s September suggestion for a tax on Wall Street to finance health care reform is an all-American solution to a uniquely American problem, and deserves both publicity and support.

http://www.politicalaffairs.net/article/articleview/9225/?dsq=28956453#comment-28956453

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Tax the speculators and create a public bank

(Duh, sounds like a sharp one formulating our future) >

POLLIN: If an ordinary—everything. So every—yes, an ordinary person, if you go and buy a share, you'll pay a small tax, but you wouldn't care 'cause it would be a small tax if you were going to hold. If you were buying to hold, the tax would be trivial, if we say, like, 0.5 percent or 0.25 percent. The tax starts to bite, though, when you decide that you're a trader and you're trying to gamble on the market that the market's going up, and so you can trade continuously. And so then the tax starts to get..

http://therealnews.com/t2/index.php...=74&jumival=4457&updaterx=2010-01-07+12:39:28
 
Quote from FightTheFuture:

What is it with these "progressives" and their facial hair? Prez of the AFL-CIO, Baker and his brother Robert Pollin, Krugman of the NYT, etc. They remind me of certain leaders of certain countries, but you don't dare compare them.
------------------------------


Tax the Speculators: An Old Idea Whose Time is Now

AFL-CIO President Richard Trumka’s September suggestion for a tax on Wall Street to finance health care reform is an all-American solution to a uniquely American problem, and deserves both publicity and support.

http://www.politicalaffairs.net/article/articleview/9225/?dsq=28956453#comment-28956453

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The AFL/CIO are nothing but a joke union that no longer carries any serious clout. The advocated like hell for a public option on health care, and what happened? They didn't get one, even though the Democrats control both houses of congress.
Even better yet, Obama is demanding that all 'Cadillac' health care plans get hit with a 40% surtax to pay for the all the uninsured in this health bill. The majority of union members in this country carry 'Cadillac' type plans, so Obama is really screwing over the very people that campaigned for him, and supported him with this tax. Unions like the AFL/CIO, and liberals groups should be incensed at Obama, and many are. I can't help but laugh my ass off at these dumb union schmucks who think they helped elect someone that would look after their interests. Boy, were they wrong. But then again, these union turds are about as sharp as bowling balls, aren't they? lol
 
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