1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Quote from sogodo:
DeFazio is in rage:
What a jerk, his specialty and background is infrastructure/transport, by the way:
defazio.house.gov/index.php?option=com_content&task=view&id=22&Itemid=62
it's the same like I being a trader would start helping gov't with our transport infrastructure.
The proposed tax is not even close to his area of expertise at all. What does this guy know about freckonomics and trading? He even confuses daytrading with... gambling. Listen to his burst of emotions!
He is obsessed (has mania) with this particular tax since 2000 (so, it's not triggered by the current financial crash)!
Is it his personal vendetta, or he needs some shrink, or he just returns favor to his old lobbist(s) -- you hardly can trace such possible contributions in the the past, by the way. And Obama clearly prohibited any personal pet projects and lobbism!
Obama needs REAL EXPERTS, and not just populistic, emotional congressman with nothing between his ears.
(I'm also very interested to know what Oscar Carboni thinks about this guy).
I don't know a single democrat who is different then him. They are all deluded little Nazi's.
Democrats don't give a shit about anything but controlling the masses.
My only hope is since they are easy to bribe that someone will come up with money to pay them off.
Maybe we shall move to trade in China. No capital gain tax there as far as I know. transaction tax is 0.1%, only charged when you buy. its said they are going to lower tax rate further.
.1% is too much by a factor of 100
I think DeFazio is rather a bad guy not because he is working for Al Capone, but because, his personal lobbist could be probably Al Qaeda (since 2000). It can explains everything. Otherwise I would assume that the honorable member of Congress is not comfortable with the very basics of trivial arithmetics and devastating cumulative effect of "tiny" %%.
Quote from sogodo:
DeFazio is in rage:
What a jerk, his specialty and background is infrastructure/transport, by the way:
defazio.house.gov/index.php?option=com_content&task=view&id=22&Itemid=62
it's the same like I being a trader would start helping gov't with our transport infrastructure.
The proposed tax is not even close to his area of expertise at all. What does this guy know about freckonomics and trading? He even confuses daytrading with... gambling. Listen to his burst of emotions!
He is obsessed (has mania) with this particular tax since 2000 (so, it's not triggered by the current financial crash)!
Is it his personal vendetta, or he needs some shrink, or he just returns favor to his old lobbist(s) -- you hardly can trace such possible contributions in the the past, by the way. And Obama clearly prohibited any personal pet projects and lobbism!
Obama needs REAL EXPERTS, and not just populistic, emotional congressman with nothing between his ears.
(I'm also very interested to know what Oscar Carboni thinks about this guy).
Duh.
London already has a transaction tax.
Frankfurt abolished their transaction tax in 1991, but the Social Democrat Party is currently proposing bringing it back. The SPD trails the CDU by about 10 percentage points in the polls.
http://66.218.69.11/search/cache?ei...ax+taxes+london&d=S6NCCZ2uSX39&icp=1&.intl=us
NYC Independent Budget Office
Effects of Reviving NY Stock Transfer Tax
"Revenues and Risks"
Nov. 2003