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

Quote from Midas:

I repeated my response from another blog... On this one.

Strength in numbers guys.... make yourself heard, you would be suprised who reads blogs like this link....
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We actually talked some sense in to the guy.
 
Every time I see this thread pop up on the home page, just makes me cringe. It makes me realize why no credible investor reads the NY Times with such stupid commentary as this article.
 
Quote from bwolinsky:

Every time I see this thread pop up on the home page, just makes me cringe. It makes me realize why no credible investor reads the NY Times with such stupid commentary as this article.
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Unfortunately, other journalist do, and repeat what the NYT trumpets. That's how fires spread.
 
Quote from seasideheights:

A mention in this week's barrons.


SATURDAY, JANUARY 24, 2009
STREETWISE



Another Eminence Tarnished by the Bear
By MICHAEL SANTOLI | MORE ARTICLES BY AUTHOR

A financial-transaction tax is a bad idea.


http://online.barrons.com/article/SB123275469154111683.html
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Well it's nice to see someone else who knows the transaction tax is a bad idea.

The comments that were made on the other blog were great as well. At least the author could see the other side of the equation after a little 'educating.'

I still think we're going to be okay on this one (ie no tranny tax). I've read quite a few pieces lately about the rest of the world rethiking this tax (ie the UK and India, etc). Let's hope some economists start publishing papers that point out the why this tax would be a disaster for the US...

-Guru
 
Quote from seasideheights:

A senior producer of The Daily Show supports it. Here's his post. Replies needed there.

http://forum.thedailyshow.com/tds/board/message?board.id=op_ed&thread.id=1778
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He actually makes some sense: "Of course we need good government and regulation again, but Obama needs money to fix the damage done by the financial wizards, and this is the best source of a chunk of it. "

Financial wizards caused our current economic chaos and they need to get fucked in the ass. That's the best way to do it.
 
Quote from Dustin:

We actually talked some sense in to the guy.
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Dustin,

I think you are right he sees our side and completely reversed his opinion. I think this type of quick articulate response illustrating the harm this would cause is the best way we can keep fires from breaking out in the blog community.

Lets keep posting these links when we find them so that our voice can be heard loud and clear. Beleive it or not I think it might help keep this thing under wraps.
 
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