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

She probably keeps talking about it because traders keep writing her about it -- she's eating up all the attention you're giving her. Try writing your congress person, broker, software provider, etc. instead.
 
Quote from rsikit:

http://www.spiegel.de/international/world/0,1518,650449,00.html

Here is a decent article for ya GURU
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Thank your for posting that... I guess we call all agree that there is no agreement on this tax (and most likely never will be).

The more I read about the G20 Tobin tax I think they are pushing for a tax on currency transactions (do you guys agree). Check out this blurb talking about Germany pushing for it:

If the G-20 rejects the proposal, the SPD has said it would instead introduce a stock exchange sales tax in Germany. Such a tax would be far different from a Tobin tax because it would affect stock exchange transactions, but not bank-to-bank transactions. In doing so, those transactions, which were ultimately responsible for the global financial crisis, would not be affected by the tax.

http://www.dw-world.de/dw/article/0,,4676958,00.html

-Guru
 
Quote from seasideheights:

Don't be so sure.

They know it will KILL their profits if it goes through.

Activetraders are the retail broker's huge profit center.
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Probably worth it to reach out to the brokers just to be able to say we've done all we can, whether or not they worry about cnbc.
 
You know, I was feeling a little better about this thing knowing that the public approval ratings of unions are tanking and that they're the main proponents of this shit. Now my nerves are zapped again. According to our Ms. Burnett, the euros increasingly pushing this thing constitutes a sign that the tax is "gathering steam" WTF?!
 
yeah Guru, from what i have seen part of Europe is advocating a currency tax which is small and some are wantin all financial transactions taxed. its so loudly brought to the forefront now as well because all the green peace type organizations with the left part of europe going along for the ride. if they want to do it let them, they are afraid to do it alone becuase they are scared capitial might leave. so they are sheep. let them do it to themselves and see it doesnt work. .
 
The only way Europe can do this is if the US goes along as well. Without it, capital will flow to the US and Asia and leave Europe as a third word monetary center. Unless USA comes on board, it won't happen.
 
also even though i hate cnbc they cater to traders and investors so its not like they are going to have a big audience to sell this to. mom and pop now adays still turnover their accounts a little. plus all the shit she is spoutin is old news from the past few weeks about europe and we all ready know who likes the tax and who doest
 
Quote from jj69:

You know, I was feeling a little better about this thing knowing that the public approval ratings of unions are tanking and that they're the main proponents of this shit. Now my nerves are zapped again. According to our Ms. Burnett, the euros increasingly pushing this thing constitutes a sign that the tax is "gathering steam" WTF?!
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From my reading I don't believe that this is gathering steam in Europe. It's just the left wing countries pusing this as the G20 approaches. No way it's going to happen...

Thats another thing - the US is going to send all these tax proceeds to help the poor and struggling in other countries when we have so many problems at home? I'm sorry but that ain't happening.

-Guru
 
Guru, I'm scared of her thinking of the idea in general of a transaction tax gathering steam irrespective of what gets done right now(which most know will be nothing). It sorta leaves an eerie feeling that there's more to come down the road, both from the forces pushing this idea and her.
 
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