1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
This is the original source of that trash. You CAN place comments at this site.
http://www.guardian.co.uk/commentis...all-street-economy-financial-transactions-tax
I highly doubt this type of tax will occur, at least for the next couple of years. If congress passed it right now, and if Obama were to sign this into law during his first term, he would no question be a one term president. I don't believe that he, nor any of the douche bag Democrats in congress have a clue that there are tens of millions of people in this country that day trade, and implementing something like a trader tax will only guarantee that the white house, and congress will be back in Republican control before you can spit. But hey, that would be a great thing!!!
The only thing that concerns me about a possible tax is that Obama would probably try to impose one after he is elected for a second term. Once he locks up that next term in office, then you will see his true, radical ass come out of the woodwork. I mean, someone's going to have to pay for the trillions of dollars it will take for that ridiculous universal health care bullshit that he wants, and will more than likely get. Also, the Democrats will continue to gripe about the TARP money being paid back. So it wouldn't surprise me that at some point in his second term, he tries to lobby hard for the implementation of a trader tax, plus, take away everyone's guns & breathing privileges.
I suppose the only positive thing that would occur if this tax were to be imposed, is that it would absolutely guarantee the Republicans the white house and the majority in congress come 2016. In other words, if this tax happens, it will be for a very short time!!!
The only thing that concerns me about a possible tax is that Obama would probably try to impose one after he is elected for a second term. Once he locks up that next term in office, then you will see his true, radical ass come out of the woodwork. I mean, someone's going to have to pay for the trillions of dollars it will take for that ridiculous universal health care bullshit that he wants, and will more than likely get. Also, the Democrats will continue to gripe about the TARP money being paid back. So it wouldn't surprise me that at some point in his second term, he tries to lobby hard for the implementation of a trader tax, plus, take away everyone's guns & breathing privileges.
I suppose the only positive thing that would occur if this tax were to be imposed, is that it would absolutely guarantee the Republicans the white house and the majority in congress come 2016. In other words, if this tax happens, it will be for a very short time!!!
I'm quite confident they won't. Switzerland has already started working out legislation to attract hedge funds from London due to the possible tax raise there. So tax hikes in the US will mean human & capital flow into Non-EU Europe & Asia. Just what the Chinese (Singapore, HK, etc.) are waiting for.
It's not a wonder why England doesn't have a substantial share of trading volume in Europe. They have the stupid stamp tax. So most volume is done through Ireland, smaller islands, Luxemburg, etc...
Sen. Arlen Specter switches sides to become Democrat. This means Senate is now filibuster-proof. This means there's some radical shit coming down the pike from the left, especially in regards to taxes as they need to pay for the Obama budget. Things are surely falling into place one by one(and it's only a question of when as to Geithner going back for more bailout money) counting down to the trans tax becoming inevitable. Can anything be done to derail this looming crisis(for us)?