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

Quote from Explorer:

(google translation)
MILAN (Dow Jones) - Italian Prime Minister, Mario Monti, said Monday that his government supported the idea of ​​a tax on financial transactions, but at European level rather than nationally.

"We are ready to support a tax on financial transactions at European level," said the Italian leader, when asked about what measures might be adopted to discourage speculation in the markets.

"The EU [European Union] examines the possibility of imposing more discipline on financial speculation than would the U.S. and the UK," he observed.

"We have no plans to implement a similar system at the national level, unlike what [President Nicolas] Sarkozy has done in France," said Mario Monti.

http://www.bfmbusiness.com/bourse/d...actions-financières-au-niveau-européen-134090
More...

This being from the same fascist leanings of the government that really sponsored the ides of WWII. It doesn't surprise me that they are more fascist than normal today, agreeing to gdp reducing agreements than to the perpetuation of free market capitalism that defeated the rightist and leftist cranks that dominated Italy throughout WWII. These people have learned nothing to appreciate capitalism, and need their own enlightened era by pro-capitalist thinkers to right a ship that veered far from course and supported a Nazi regime that did nothing but cause panic and war.
 
Quote from Banjo:

That FT article is an especially good one to send to congressmen etc. Many of their constituents will be in MMF .
More...

Analysis referred to in the FT article:

http://www.efama.org/index.php?option=com_docman&task=doc_download&gid=1649

Does not even compute derivative costs. How this gains traction, particularly after Swedish mid-1980's experiment and near-term appeal of tax, is mind blowing. This is beyond lack of intelligence/proper analysis: it is corruption.
 
Quote from Syprik:

Analysis referred to in the FT article:

http://www.efama.org/index.php?option=com_docman&task=doc_download&gid=1649

Does not even compute derivative costs. How this gains traction, particularly after Swedish mid-1980's experiment and near-term appeal of tax, is mind blowing. This is beyond lack of intelligence/proper analysis: it is corruption.
More...

I have said this many times...this is a war of liberal socialists verses free market capitalists (and freedom in general). They know this is destructive and they want it that way.
 
i don't know how many posters have attacked hft traders(high frequency traders). shapiro, head of the sec, has again made noises that these people are worthless to the functioning of markets. the easy way to stop them would be to institute an ftt. therefore the hft professionals are our natural allies. there have been 9200+ posts on this thread and X# of posters. basically we should be joining with them in fighting an ftt. furthermore posters on this thread should refrain from attacking hft traders on other threads since it works against our best interests.
 
zdreg

Registered: Oct 2003
Posts: 6986



02-28-12 11:19 PM
i don't know how many posters have attacked hft traders(high frequency traders). shapiro, head of the sec, has again made noises that these people are worthless to the functioning of markets. the easy way to stop them would be to institute an ftt. therefore the hft professionals are our natural allies. there have been 9200+ posts on this thread and X# of posters. basically we should be joining with them in fighting an ftt. furthermore posters on this thread should refrain from attacking hft traders on other threads since it works against our best interests.


zdreg you are spot on about hft and ftt
 
You must log in or register to reply here.
Back
Top