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

rc822's reply was a one timer from him. He's done a lot of great work for quite a while here.

Crafting your best arguments on a file on your own computer & then copying & pasting them to the reader submission sections of the pro-tax articles is a great way to ensure your most persuasive points are covered. We're trying to persuade people, not emotionally inflame them.

A reminder from post #1 of this thread: We operate in a low volume, high quality mode where posts remain professional & directly on the topic of the taxes.
 
Quote from seasideheights:

rc822's reply was a one timer from him. He's done a lot of great work for quite a while here.

Crafting your best arguments on a file on your own computer & then copying & pasting them to the reader submission sections of the pro-tax articles is a great way to ensure your most persuasive points are covered. We're trying to persuade people, not emotionally inflame them.

A reminder from post #1 of this thread: We operate in a low volume, high quality mode where posts remain professional & directly on the topic of the taxes.
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Hey, what can I say. I just reached a point where I had to lay into one of these jerkoff liberal bastards, who thinks he knows what's best for the country on how to raise tax revenues, and destroy our livelihoods in the process. I certainly have no regrets at all for sending the e-mail, and it felt absolutely wonderful writing it. However, in the future, I will certainly refrain from expressing my true feelings at these douche bag liberals, as I wouldn't want to provide them with any additional ammo to enhance their position on this tax. So, in essence, it won't happen again.
BTW, I appreciate your kind remarks on the work I've been able to do in here. :D
People like yourself, listedguru, Robert Green, rsikit, benwm, etc....... have all worked much harder than myself, and it is certainly appreciated by all!!! Let's keep fighting!!!
 
Quote from rc822:

Yeah, but it's been like that for a while now. So when continuing to see stuff like this, I can only laugh. Obama is now forced to govern from the center. If he doesn't, all Independent voter support will go to the GOP in November. The one's screaming for this tax are the liberal, radical people of Obama's base. This is the base that he needs to ignore in order for Democrats to have any chance in Nov. I'm confident the bank fee/levy will pass, although watered down, with some Republicans even supporting it. But as far as a FTT goes, there's no way any GOP Senator, or even fair amount of Democratic Senators would support it. That would be a direct attack on main street, due to Wall Street/Prop. traders getting exempted. There's no way in the world that Wall Street/Prop. traders would not get an exemption. That would then leave main street investors to get nailed by this tax.
Once the IMF comes out with it's recommendations in April, which I'm hopeful will take the form of a global type levy/fee on the banks, in order to avert another crisis. That recommendation certainly won't stop the morons out there still advocating for the FTT, but it would be significant in showing that this FTT would not be feasible.
Let's face it, I don't think we'll ever get to a point where there won't be articles that scream for this FTT. Those advocating for it will "ALWAYS" be around to pester us. I've just accepted that prospect, and no longer worry about every screwball that writes an article or editorial that supports the tax.
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agreed this talk will always be around i have heard rumblings as far back as 80s 90s early 2000s will always come up but this was the perfect storm all the stars aligned liberals in control a crisis etc. the good news is that if it wont pass now in this current enviroment the chances go down dramatically of it ever passing.
 
Quote from TPCS:

I don't believe you should rethink your approach. It doesn't help our cause to be rude with the other side. Crass posts (even if what they say is factually true) simply feed the false stereotype that traders are amoral parasites on society. It's much better to demonstrate the truth: traders are people just like anyone else and don't deserve to be demonized. Being classy helps in doing that.
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Wow lighten up boys and girls clearly my attempt at humor early in the morning was not very effective. Of course the right approach is to diplomatically explain to them why they are wrong.
 
Quote from endroute:

Though I tend to take a non confrontational approach when attempting to explain why the FTT is a terrible idea, I think I may have to rethink my approach after reading this response. I love this response I could not stop laughing after I read it
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Just speaking from the heart at these douche bag liberals! :D
 
Quote from rc822:

Just speaking from the heart to these dipshit liberals. :D
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I understand, I usually try to keep it classy and educated sounding. But sometimes these a$%h#$##% get the better of you, it hs happened to me as well. So no worries. I am fighting 2 fronts now for traders. This and now the new proposed rule by the cftc to limit margin in Forex to 10-1 from 100-1. Busy year ahead:) Something to look for is a meeting with the UK and IMF and I think some other countries but we shall see this coming Monday! So we can see what they say. We are fighting 2 fronts here we do not want any international cooperation on this and hopefully the IMF will speak on this soon since they are quoted to leaning to the US new bank taax policy. Plus we are also fighting at home on this so it is not done unilaterally either. We assume it will not be done unilaterally but with ourgovernment we never know. I am very pleased Scott Brown won the election and now have a possible filibuster as long as no repubs switch sides. Keep up the good fight everyone!
 
Quote from seasideheights:

An article in the Oregon Business Report. (Defazio's home state)

Comment section at bottom of article. No registration required to post. Persuade them why the tax should not be enacted.

http://oregonbusinessreport.com/2010/01/ore-congressman-defazio-eyes-150-billion-transaction-tax/
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I replied too.

Good article and here are a few updates. Your statement “Congressmen DeFazio and others in Congress are pushing” obscures the fact that Congressmen DeFazio is the founding sponsor and by far the main pusher of this harmful tax which mostly hits Main Street, including many traders and investors in Oregon too.

The President and Secretary Geithner have been against this tax from day one – because it falls on the investor – as they had their own plans for a bank fee instead, which is targeted directly on banks and does not fall on Main Street investors. That bank fee plan was announced last week and further bank reforms – the Volcker Rule – were announced yesterday. Congressman DeFazio has been reprimanded by the President and his chief of staff for being a trouble-maker on this and related matters.

Congressman DeFazio’s bill H.R. 4191, Let Wall Street Pay for the Restoration of Main Street Act of 2009 is no longer valid in its current form and can not be voted on in the House. Its main premise is that Wall Street has not paid back 700-billion of TARP bailout funds, and that is no longer true after the announcement of President Obama’s new bank fee plan to pay back all remaining TARP losses. So the country has chosen a better approach that is more targeted and less destructive to Main Street investors and jobs.

There are small-business traders who live in Oregon who make a living for their families and pay taxes to their towns based on providing important market-maker functions to the markets. Their role narrows bid and ask spreads - which improves prices for all investors - and it provides important liquidity too, even during the meltdown. Farmers are in the same boat, they need to hedge their products in the markets and they screamed foul over a financial-transaction tax saying it would make hedging almost impossible to do.

Even if Congressmen DeFazio thinks this tax won’t hurt Oregon and he doesn’t care how it hurts the rest of the country that is unfair too. If a Congressman is ready to raise significant taxes on Main Street around America, then he should be willing to raise taxes on his own Main Street too. What other taxes does Congressmen DeFazio propose rising on the fine people of Oregon? Please don’t say Not in My BackYard.
 
would someone please post how many shares are traded on the london exchange in a year and the amount of the stamp tax collected.

also if possible for hong kong.
 
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