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

Quote from college_trad3r:

Good, they will then leave futures alone :cool:
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your statement is why divide and conquer is a very effective strategy.
your turn will come.
 
Quote from seasideheights:

Trader Tax story as shown on cnbc. Everyone said the tax was really small. That small tax will put traders, including YOU, out of business.

Erin Burnett calls it a "tantalizing idea". She wants to use it for deficit reduction. Email Erin Burnett.


http://www.cnbc.com/id/15840232?video=1237311925&play=1


"If you want to sell at 1:00 and sell at 1:30 that would be deterred" - Dean Baker

ERIN BURNETT SAYS SHE WANTS TO STAY ON THE STORY. THE MORE AIRING THIS GETS THE MORE CHANCE IT WILL PASS. EMAIL BURNETT & TELL HER YOUR FEELINGS.
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The morons at CNBC aren't smart enough to realize that if you kill short term trading, you kill CNBC?????

Unbelievable.
 
This is not some crazy congressman from OR. This is the Union. It could get ugly.

Best to just nip this in the bud. You can call the AFL CIO and let them know what a mistake this is. Their number is 202-637-5000.

If you were ever a member of a union, let them know it. If you support the union let them know it. Then tell them what a crazy idea this is...


Quote from bears21:

no way in hell this gets passed if the big boys get an exemption. now if there are no exemptions for anybody the market could tumble back down to new lows with spikes in volatility because of a lack of liquidity. catch 22 for the government they cant win. and as a retail trader if i am paying 10bux a trade they want to spike that 5 fold. yeah im loving that idea, hard enough to make a buck in this market now your gonna jack up fees. my arms are getting tired from tredding water because my govt wants to keep throwing me back in the deep end.
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I remember the last time things felt like this, back before the @#$ 25K PDT rule was passed; people saying no way.. and remarkably that stupid rule is still in effect and nobody repealed it. I can understand 5-10K, so there's no more "I bought an island using my magic software from a laptop on my bed at home" bs commercials etc... but not 25K.

Now it seems some people are trying to completely, for all intents and purposes, take away our ability to day trade stocks, which is bad.

Let's hope that bill dies a quick death; unfortunately from the way things are worded, they're trying to make it sound like just big firms profit from day trading, which isn't the case.

-K
 
Quote from Midas:

Send a note to inform them. They are reading them. Erin read a couple on the air after the break.

http://www.cnbc.com/id/22898571/
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I did email CNBC, as well as the AFL-CIO, informing them that I will hereby be boycotting all union goods, services and retailers.

I guess two can play the class warfare game.
 
Well so far this bill , other then its sponsers has no friends on the Hill, its been sitting on the hill in its referred status since Feb 2009. They are letting it die, so when we see some other status , thats the time to worry. For now sit back and trade and of course email your congressman. No sense in worrying about something that has not gotten any traction where it counts, Washington.
 
Quote from clacy:

I did email CNBC, as well as the AFL-CIO, informing them that I will hereby be boycotting all union goods, services and retailers.

I guess two can play the class warfare game.
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I just emailed Erin and explained to her that passing this law might cost her a job. Maybe she'll get it.
 
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