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1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Quote from zdreg:
it is the highly leveraged trader which provides liquidity.
what do u consider as excessive leverage ?
People should not delude themselves that if they trade leveraged products that should be exempt somehow from transaction tax.
How about spread traders? Should they be exempt as well? I don't think those trading nuances are on regulators' mind.
In case the point wasn't made clearer, I'll make it again:
http://www.advisorworld.com/2009/02/18/the-real-threat-to-americas-economic-survival/
This tax would decimate our US economy single handedly, which is why it won't pass. And the above link is exactly why. The naievete of thinking it won't ruin everybody is quite startling.
http://www.advisorworld.com/2009/02/18/the-real-threat-to-americas-economic-survival/
This tax would decimate our US economy single handedly, which is why it won't pass. And the above link is exactly why. The naievete of thinking it won't ruin everybody is quite startling.
Nice find, Guru. Let's all help out this stoptobin.com site and make it as powerful as possible. As unlikely as this is to pass, we might as well just continue trying to kill it every time it pops up, just pretend you're 10 years old again at the arcade playing whack-a-mole... whack-a-tax
Tobin tax idea not viable: EU Commissioner
http://www.google.com/hostednews/afp/article/ALeqM5j8aWJgH6u8V_ILrQ9A20T_IJmEjg
-Guru
http://www.google.com/hostednews/afp/article/ALeqM5j8aWJgH6u8V_ILrQ9A20T_IJmEjg
-Guru
This piece mentions the German push for a tobin tax and also mentions that retail would be exempt...
There are a few lines from the Cato Institute against the tax.
Also a place to comment at the end of the article.
http://www.theglobeandmail.com/repo...push-for-global-financial-tax/article1300491/
-Guru
There are a few lines from the Cato Institute against the tax.
Also a place to comment at the end of the article.
http://www.theglobeandmail.com/repo...push-for-global-financial-tax/article1300491/
-Guru
This was to be the day where possible headlines about transaction taxes from the G20 meeting were to begin.
In an ironic way, Iran has helped us by pushing the financial talk right out of the news.
If this Iran facility was announced next week, we would have been flooded with financial bashing news clips from the G20. Now, there's nothing.
In an ironic way, Iran has helped us by pushing the financial talk right out of the news.
If this Iran facility was announced next week, we would have been flooded with financial bashing news clips from the G20. Now, there's nothing.
Quote from seasideheights:
This was to be the day where possible headlines about transaction taxes from the G20 meeting were to begin.
In an ironic way, Iran has helped us by pushing the financial talk right out of the news.
If this Iran facility was announced next week, we would have been flooded with financial bashing news clips from the G20. Now, there's nothing.
That is the plan, G20 knows that financial regulation is dead. Banks are making money, generating tax revenue and hiring again. The golden goose is still golden, no reason to kill it.
Merkel even went as far as to mention Steinbrück's proposal for a tax on financial transactions to the other G-20 members. The idea had not, however, made it onto the meeting's agenda and has received little international support -- even though Steinbrück emphasized yet again that such a tax could help to fund, for example, expensive measures to fight climate change.
So far so good no support at the g20 got to love that!
So far so good no support at the g20 got to love that!