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

I really hope this doesn't happen, it would harm individual traders. And they're targeting "speculators" -- what's wrong with speculation? This would damage everyone who wants to day and swing trade. It's the "anti active traders tax". Fight it with all power.

-k
 
Anyone who does not know what the closing price will be in one day, month, year, decade, is speculating. It is a shame to see one form vilified while the other is honored.
 
Quote from bears21:

its very simple hes no genious became a member of the firm trades at will exempt from that garbage tax. not rocket science. if it came to be here in the us same rules would apply. just go back to the pdt rule came out then bang a way around it. the people that do business are alot smarter than the jagoffs who make laws and that is pure fact. where there is money to be made loopholes are created so that the gravy train doesnt stop.
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Have you tried it? No, and I know you did not cause I was looking into it years ago when I had a lot of interest in trading LSE. It's not very simple, otherwise Joe Blow LSE prop shops would be all over the place. You have to become a Broker/Dealer or Market Maker. Not exactly 30 second online approval process like your credit cards.

You don't know what you talking about, and your comments about people that do business are smarter than those who make the rules just show how naive you are. The big guys who control the Wall Street business are the ones who are behind this rule, it's funny that you and many others still don't see it in spite of it being explained to you over and over.
 
Quote from Landis82:

Yet another alias on ET coming back from the dead . . . Only your 2nd post since Sept. of 2007???

Give me a break.
I really wish that Baron would stop this crap that allows people to "park" screen
names only to use them at a later date as one of several aliases.

Coward.
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Awwwwwwwwwwwwww!!!!! Did I hurt the itty bitty Hussien Obama ball lickers feelings????~~~~~~
 
Quote from Anaconda:

Have you tried it? No, and I know you did not cause I was looking into it years ago when I had a lot of interest in trading LSE. It's not very simple, otherwise Joe Blow LSE prop shops would be all over the place. You have to become a Broker/Dealer or Market Maker. Not exactly 30 second online approval process like your credit cards.

You don't know what you talking about, and your comments about people that do business are smarter than those who make the rules just show how naive you are. The big guys who control the Wall Street business are the ones who are behind this rule, it's funny that you and many others still don't see it in spite of it being explained to you over and over.
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for one thing we worry about what the big guys are doing not the other way around. if you think the big houses gave a shit of what the little guys quant box is doing or how this trader is scalping the eminis than im glad i am a little guy. but like you pointed out maybe im just being too naive.
 
Quote from Anaconda:

Have you tried it? No, and I know you did not cause I was looking into it years ago when I had a lot of interest in trading LSE. It's not very simple, otherwise Joe Blow LSE prop shops would be all over the place. You have to become a Broker/Dealer or Market Maker. Not exactly 30 second online approval process like your credit cards.

You don't know what you talking about, and your comments about people that do business are smarter than those who make the rules just show how naive you are. The big guys who control the Wall Street business are the ones who are behind this rule, it's funny that you and many others still don't see it in spite of it being explained to you over and over.
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don't forget the other one who thinks that he has a clever idea about trading the $2 he has in his ira account if there is an exemption.

there are rules in the US against excessive trading in IRA accounts.it is has never been enforced. you can believe that it will be enforced if the gov't determines they are losing transaction tax revenue.
 
This is a joke right ?

This article seems to be taken right out of a French leftist newspaper.

0.25% on all trades ?

That can't happen in America ! It just can't .
It won't be allowed.
 
Quote from tm8749:

Awwwwwwwwwwwwww!!!!! Did I hurt the itty bitty Hussien Obama ball lickers feelings????~~~~~~
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No, not at all.

I am an independent that wrote-in George W. Bush because he has undoubtedly been the greatest leader that our Country has ever seen.

Rumsfeld, Gonzales, Chertoff, Pat Wood III, Gayle Norton, Christine Todd-Whitman, and Christopher Cox have been some of the most competent Federal appointees ever . . . Don't you agree?
 
Quote from DmanX:

What's shameful about this far left thinking is that they have this notion that traders conduct "non-productive activites."
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Absolutely.

Perhaps there are tens of thousands of traders and investors out there believe that newpaper journalists engage in "non-productive activities." They don't do anything besides write, right?

The case can be made that no one should be allowed to profit from words alone and that making a living simply by expressing your opinions by typing them constitutes unproductive behavior.

Therefore professional journalists, reporters, writers and editors should have all of THEIR income subjected to a 25% surtax over and above the current marginal rate for engaging in such trivial, useless activities.

Little socialist nanny bitches.
 
Quote from Kicking:

This is a joke right ?

This article seems to be taken right out of a French leftist newspaper.

0.25% on all trades ?

That can't happen in America ! It just can't .
It won't be allowed.
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welcome to the new socialist order that the poor people voted into office... bah. let's hope this doesn't pass. unfortunately there's a lot more poor people than rich people, and they're in charge now, and will tax us every which way they can.

-k
 
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