1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Robin Hood Tax dead?
See Tim Worstall's reader comment.
http://robinhoodtax.org.uk/action/the-sherwood-echo/the-sherwood-echo-friday-9th-april/
It'll be interesting to see if they delete that comment.
See Tim Worstall's reader comment.
http://robinhoodtax.org.uk/action/the-sherwood-echo/the-sherwood-echo-friday-9th-april/
It'll be interesting to see if they delete that comment.
Webster's daddy at it again:
Labor: We'll storm Wall St.
By JENNIFER FERMINO
Last Updated: 9:00 AM, April 10, 2010
Posted: 2:36 AM, April 10, 2010
Thousands of angry labor supporters are going to descend on Wall Street later this month to demand greater regulations on the banking industry, including a tax on financial transactions and higher levies on hedge funds and private equity, the head of the AFL-CIO said.
"It's an unprecedented, grassroots campaign that says: Good jobs now; make Wall Street pay," AFL-CIO President Richard Trumka said.
The blue-collar strike in the white-collar heartland is set to take place on April 29 from 3 to 6 p.m. -- smack dab in the middle of the trading day.
Calling it a "March on Wall Street," Trumka said that the event is an attempt to make bankers take responsibility for the recession.
"The banks destroyed the jobs, over 8.7 million jobs," Trumka told Politico.com in a video interview.
"Whenever you have a private equity fund that would go out and buy a company, load it down with debt, and then the new company can't exist after they walk away with a billion dollars in profit, they've destroyed jobs."
Trumka said the protest will call for a slew of taxes on the industry.
"One of the things we're looking at is a financial transaction tax, a small tax of a quarter of a penny on each share that they sell, on each derivative -- things like that," he said.
"And then to start taxing hedge funds and private equity funds at the normal tax rates."
He expects more than 10,000 protesters to show up and is hoping the masters of the universe won't be able to chalk it up as a workday distraction.
But Kathryn Wylde, president and CEO of Partnership for New York City, a consortium of city businesses, said demonizing Wall Street is bad for all types of workers.
"It's certainly bad for New York and our economy to attack the heart of the financial industry," she said.
http://www.nypost.com/p/news/local/manhattan/labor_we_ll_storm_wall_st_zNH9prfZpt8wz1sRblSUZK
Labor: We'll storm Wall St.
By JENNIFER FERMINO
Last Updated: 9:00 AM, April 10, 2010
Posted: 2:36 AM, April 10, 2010
Thousands of angry labor supporters are going to descend on Wall Street later this month to demand greater regulations on the banking industry, including a tax on financial transactions and higher levies on hedge funds and private equity, the head of the AFL-CIO said.
"It's an unprecedented, grassroots campaign that says: Good jobs now; make Wall Street pay," AFL-CIO President Richard Trumka said.
The blue-collar strike in the white-collar heartland is set to take place on April 29 from 3 to 6 p.m. -- smack dab in the middle of the trading day.
Calling it a "March on Wall Street," Trumka said that the event is an attempt to make bankers take responsibility for the recession.
"The banks destroyed the jobs, over 8.7 million jobs," Trumka told Politico.com in a video interview.
"Whenever you have a private equity fund that would go out and buy a company, load it down with debt, and then the new company can't exist after they walk away with a billion dollars in profit, they've destroyed jobs."
Trumka said the protest will call for a slew of taxes on the industry.
"One of the things we're looking at is a financial transaction tax, a small tax of a quarter of a penny on each share that they sell, on each derivative -- things like that," he said.
"And then to start taxing hedge funds and private equity funds at the normal tax rates."
He expects more than 10,000 protesters to show up and is hoping the masters of the universe won't be able to chalk it up as a workday distraction.
But Kathryn Wylde, president and CEO of Partnership for New York City, a consortium of city businesses, said demonizing Wall Street is bad for all types of workers.
"It's certainly bad for New York and our economy to attack the heart of the financial industry," she said.
http://www.nypost.com/p/news/local/manhattan/labor_we_ll_storm_wall_st_zNH9prfZpt8wz1sRblSUZK
He's deluded. Power drunk. So are the followers (churches, too - how nice).
He had to search about for supportive countries - because the few failed nations that expressed initial enthusiasm have wisely disappeared since the Strauss-Kahn declaration.
I repeat, the IMF reports due in April and June should unambiguously confirm in detail the inadvisability and unworkability of any transaction tax.
Empty barrels make the most noise - note the dignified silence of financial institutions and the thousands of families that a new tax would ruin - the majority of them having nothing whatsoever to feel ashamed about.
It's an attempt to slur 99% of honest, hardworking financial institution employees - the very people that churches and unions are supposed to be representing.
They and their businesses will consider very carefully where they (do not) direct future donor generosity.
He had to search about for supportive countries - because the few failed nations that expressed initial enthusiasm have wisely disappeared since the Strauss-Kahn declaration.
I repeat, the IMF reports due in April and June should unambiguously confirm in detail the inadvisability and unworkability of any transaction tax.
Empty barrels make the most noise - note the dignified silence of financial institutions and the thousands of families that a new tax would ruin - the majority of them having nothing whatsoever to feel ashamed about.
It's an attempt to slur 99% of honest, hardworking financial institution employees - the very people that churches and unions are supposed to be representing.
They and their businesses will consider very carefully where they (do not) direct future donor generosity.
I can't contain my laughter at these union idiots any longer!!!! ROFLMAO!!!!!!!!!!!!!!!!!! First, they scream their transaction tax proposals of .25%, then 0.05%, then 0.02%, and now it's a quarter of a penny? ROFLMAO!!!!!!!!!! Oh, these union douche bags forgot to tell everyone how many "hundreds of billions" of dollars this new "quarter of a penny proposal" would bring in each year. lol
I actually love hearing all these idiotic proposals, because it clearly shows how stupid, clueless, and useless unions truly are!!!! It's no wonder their ranks are dwindling with each passing day. I'm going to love watching them go down in flames once and for all.
Britain's ruling Labour party has cut the opposition Conservative party's lead to just four points ahead of an election expected to be held on May 6 and could remain the largest party in parliament, a poll showed.
http://www.reuters.com/article/idUSTRE6343WY20100405
http://www.reuters.com/article/idUSTRE6343WY20100405
http://www.csmonitor.com/Money/The-...0/0413/Bank-tax-is-dead-in-the-European-Union
hope this is true - that FTT is against EU rules.
hope this is true - that FTT is against EU rules.
Brussels gets cold feet on financial transactions tax
http://www.euractiv.com/en/financia...feet-on-financial-transaction-tax-news-441845
http://www.euractiv.com/en/financia...feet-on-financial-transaction-tax-news-441845
