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

do something productive?

factories - pollution

land - over-farming and de-forestation, eliminating necessary foliage to help reduce green-house gases and increased land erosion

office - shuffling papers and transferring wealth

tell me how that is less parasitic to the world than being a trader?
 
Quote from crash n burn:



what is the tangible output of trading?
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Liquidity

We all bring our small stakes to the big table and it adds up to make the most liquid markets in the world.
 
trading=make money to feed our families , give to charity, buy goods and services ( put money back into economy), pay taxes, provide jobs to 10s of thousands in the online brokerage community, information technology community, and accounting community. Provide liquidity so the so called "non parasitic" people dont have to pay a ton of commissions for their trades and get the best price, ya good call crash n burn we do nothing, your spot on :D Looks like crash n burn was a failed trader who wants know one to trade becuase he cannot
 
Please do not answer "crash n burn", he might just be 15 year old in the parent's basement having fun by touching on the very hot button for many of us.
 
Quote from crash n burn:

they produce movies, tv shows, created book stores, search engines, and even amazing stuff such as google earth. all of these are tangible outputs of their activity.

what is the tangible output of trading?

i am afraid there is only one answer and everybody knows what it is.

trading is parasitic and should be taxed accordingly.
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Dead wrong, my friend. Trading not only provides liquidity, it also makes it much harder and significantly more expensive for the big players to manipulate prices, which makes the markets that much more efficient.
 
Quote from crash n burn:

they produce movies, tv shows, created book stores, search engines, and even amazing stuff such as google earth. all of these are tangible outputs of their activity.

what is the tangible output of trading?

i am afraid there is only one answer and everybody knows what it is.

trading is parasitic and should be taxed accordingly.
More...

Why to tax? Maybe markets should be discontinued completely. USSR and former Eastern Bloc had no functioning markets whatsoever. That's why they were so efficient. That should be solution if there is no value in trading. Without trading there are no markets imbecil.
No limits to human stupidity.

I wonder who pays you to spread this crap on Internet. What are you doing on trading site otherwise you stupid prick?
 
Quote from crash n burn:

the rationale behind the transaction tax is to curb a parasitic activity that adds nothing to the economy while absorbing viable resources that could be efficiently deployed elsewhere.

by enacting this legislation, financial markets will be cleansed of all sort of parasites (independent traders, gurus, prop houses, retail brokers, etc).

the essence of financial markets is not to provide a venue for gamblers to flip contracts. markets are there to allow companies to finance themselves and hedge against uncertainty. speculation can not and should not based on a game of chance. that's why the transaction tax is necessary. nowadays, market speculation is around 98% of the transactions occurring on any given day. this has to change. people need to work in a productive way, i.e. in a factory, office, land, etc, rather than spending time sucking blood out of the market.

hence, parasitic activities should be aggressively taxed to the bone, as they illustrate the profound perversity of a society in which e.g. <b>more than 10 million children die of starvation every year</b>.
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ladies and gentlemen carl marx breaths again maybe its time for the hammer and sickle
 
<i>what is the tangible output of trading?

i am afraid there is only one answer and everybody knows what it is.

trading is parasitic and should be taxed accordingly.</i>

Traders provide liquidity to the markets. Without liquidity, companies would eventually be unable to raise equity capital for their business. Without equity capital, they can't purchase equipment or hire people.

Traders is essential to our economy.
 
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