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

Quote from zdreg:

"I doubt France will surrender this time."
that is a great statement. you should have written this like THIS. it will end the same way as world war I and II with France's ignominious surrender.
vive le france.
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My wishful thinking is that France will say "no" to loss of sovereignty to a German-dominated Brussels on the fiscal compact and banking union. France is keeping their own FTT revenues for themselves at the moment. Ironic that FTT revenues come at the expense of other general tax revenues, so EC FTT adopters will really be turning over current tax revenue to Brussels, not new revenue.

France wants Germany to loosen up the money - to quote President Bush - and in return they promise to address Germany's needs down the road. Germany wants capitulation on signing their compacts before taking on the risk of loss.

Traders are not rooting for a failure. Yes, if there is failure, there won't be a banking union and it won't be financed with FTT. Failure means enhanced cooperation on FTT probably falls by the wayside, too.

Traders are rooting for dealing with reality, which is not this federalization of deficits and debt, and tax hikes like FTT to deal with major underlying competitive problems.
 
Quote from Robert A. Green:

My wishful thinking is that France will say "no" to loss of sovereignty to a German-dominated Brussels on the fiscal compact and banking union. France is keeping their own FTT revenues for themselves at the moment. Ironic that FTT revenues come at the expense of other general tax revenues, so EC FTT adopters will really be turning over current tax revenue to Brussels, not new revenue.

France wants Germany to loosen up the money - to quote President Bush - and in return they promise to address Germany's needs down the road. Germany wants capitulation on signing their compacts before taking on the risk of loss.

Traders are not rooting for a failure. Yes, if there is failure, there won't be a banking union and it won't be financed with FTT. Failure means enhanced cooperation on FTT probably falls by the wayside, too.

Traders are rooting for dealing with reality, which is not this federalization of deficits and debt, and tax hikes like FTT to deal with major underlying competitive problems.
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'Traders are rooting for dealing with reality, which is not this federalization of deficits and debt, and tax hikes like FTT to deal with major underlying competitive problems. "

"when the shit hits the fan do something even if it is the wrong thing"
forrest gump.
you can bet on politicians to do the wrong thing, in order to guarantee their reelection.
 
Lets keep Germany and EU continental markets importance in perspective: They account for few percentage points of global equity trading. They ask for global tax to tax the 90 % of trading that occurs through London, US, Asia and the rest. Brilliant.
 
Quote from vicirek:

Lets keep Germany and EU continental markets importance in perspective: They account for few percentage points of global equity trading. They ask for global tax to tax the 90 % of trading that occurs through London, US, Asia and the rest. Brilliant.
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you are another pollyanna. ever hear of the bandwagon effect? there are over 10000 posts on this subject. the US is in nearly as bad financial shape as europe. US unions would like to see it happen. obama doesn't like markets. the drums are beating.
 
German finance minister Wolfgang Schaeuble said yesterday that closer integration in Europe could only go ahead with a ‘yes’ vote from the German people.
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No math or logic applies here because discussion is ideologically driven by the proponents of the tax. But it is still about the money.
 
Quote from zdreg:

probably i got this link from this thread but am not sure.
http://www.thenation.com/blog/168552/robin-hood-tax-powerful-antidote-austerity#


how many of you are capable of showing mathematically in a concise manner that even a tax of 1/10 of 1 percent would wipe out the capital of most traders.?

how many of you have taken it on yourself to reply on their website?

to date - zero
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Are you really serious? I hope you're trolling but I'll explain it even though it has already been shown in math already. Btw, we are assuming the total value of the futures contract is what is being taxed. So let's take a .1% on a $60,000 contract, that is $60 a a trade or $120 tax a round turn. Now for a specific example. I trade treasury bonds and those are $100,000 a contract. That's $100 a trade or $200 a round turn. Currently I pay $3.16 a round turn. I now have to make 7 ticks in bonds to just breakeven with that type of tax. IT IS EXTREMELY PROHIBITIVE.

edit - I think i read it wrong and you are saying make a comment on their site, but this example can't hurt anyway
 
Quote from ExchangeBonds:

Are you really serious? I hope you're trolling but I'll explain it even though it has already been shown in math already. Btw, we are assuming the total value of the futures contract is what is being taxed. So let's take a .1% on a $60,000 contract, that is $60 a a trade or $120 tax a round turn. Now for a specific example. I trade treasury bonds and those are $100,000 a contract. That's $100 a trade or $200 a round turn. Currently I pay $3.16 a round turn. I now have to make 7 ticks in bonds to just breakeven with that type of tax. IT IS EXTREMELY PROHIBITIVE.

edit - I think i read it wrong and you are saying make a comment on their site, but this example can't hurt anyway
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it was a rhetorical question. i,myself, have provided the mathematics to show that an active stock trader would lose his entire capital with a .001 ftt.you,finally,, figured it out and came to the correct conclusion about making a comment on their site.. however, u did not take back the negative trait (trolling)that you attributed to to me.
 
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