1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
That's total nonsense. How did the markets function before the internet -- before day trading was even any kind of activity? The absense of liquidity does not change the value of anything. Bargain hunters will step in at lower prices and if they fall faster they will simply buy sooner. There won't even be an initial shock. We are day trading because the government allows us to.
We will know next week when Obama addresses the nation on his healthcare bill, if this tax will be a part of it to pay for it. If not then check off one less worry for this bill being passed. Even democrat Hoyer said he will not vote for any healthcare bill, if taxes are increased at all. So atleast there is a Dem on the side of no tax of any sort whether it be income, or transaction or whatever.
those players will not be posting those bids and offers anymore. so when you go to buy a stock that normally trades with a 10 to 15 cent spread you are now gonna be looking at 1 to 1.50 and god forbid you want to buy an illiquid stock that normally has a 2 pt spread get ready for the lube last print 17 bid 13 ask 20. have fun with that one, you could be on the bid for a year tying up capital. and you forgot to point out there wasnt a trans tax for the last 50 years or so. volume was anemic back in the early days but then so was this countries market cap. never ever retreat as a nation recipe for failure.
Not really. It's been elected by the rich people and corporations who gave the candidates enough money to run lots of campaign advertising to convince all the stupid people to vote for them.
When was the last time you were seriously influenced by a TV ad during a campaign? I would bet not any time recently. Me neither. That's because we have brains. Most people in America don't have brains, which is why advertising is so effective in convincing their retarded little asses to vote for you, and that's where the money comes in.
We don't live in a democracy controlled "by the people and for the people". We live in a world controlled by the rich and powerful who buy the dumb votes so their candidate can get into power.