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

rsikit · Sep 28, 2009

You are exactly right GKI.

GiantDog · Sep 28, 2009

Quote from Billy Thunder:

You are such an annoying douche bag, US wouldn't unilaterally impose such a tax.

With Obama the Freak as President, anything can happen.

rsikit · Sep 28, 2009

True about Obama, but also was true lack of support on the US side for this tax at the g20 when others were bringing it up which is a good start

cstfx · Sep 28, 2009

Quote from zdreg:

what does that have to do with obama?

Agreed. They got to pay for all this shit. We are still a target.

listedguru · Sep 28, 2009

This blogger is calling for a 0.5% tax on all trades here in the US... You can comment at the bottom:

http://www.huffingtonpost.com/kyle-g-brown/beyond-the-tobin-tax-end_b_301009.html

-Guru

Billy Thunder · Sep 29, 2009

Quote from listedguru:

This blogger is calling for a 0.5% tax on all trades here in the US... You can comment at the bottom:

http://www.huffingtonpost.com/kyle-g-brown/beyond-the-tobin-tax-end_b_301009.html

-Guru

It is a savings tax, investor tax or retirement tax. There is no such thing as a trader tax or speculative tax.

rsikit · Sep 29, 2009

Commented on the above Guru

TTrader77 · Sep 29, 2009

The following link to a recent conference call provides some discussion of the current state of proposed tax legislation detrimental to trading and the dynamics that surround it:
http://www.greencompany.com/EducationCenter/InteractiveOnlineMeetings.shtml

These conference calls are scheduled on a regular basis. There is a written description corresponding to the sections of the recording that provide navigation to each subject with the call.

Other calls are archived and continuously provide information related the detriments of taxation. The calls take place 2 or 3 times each month.

Joining the Traders Association - mentioned in this call and present on Facebook: http://www.facebook.com/group.php?gid=143746613407&ref=nf - can provide a defense against legislation targeted at Traders and their businesses. By establishing a business association not only can the business interests of Traders be better defended but also represented to a greater extent.

zdreg · Sep 30, 2009

Quote from Billy Thunder:

You are such an annoying douche bag, US wouldn't unilaterally impose such a tax.

a more likely scenario is that other parts of the world are looking for the US to take the lead and to give themselves cover in this matter.

sculptor66 · Sep 30, 2009

Quote from zdreg:

a more likely scenario is that other parts of the world are looking for the US to take the lead and to give themselves cover in this matter.

Yes, this may be the case.

However, it will not happen in the next 4 years.

Why? Because Germanys newly elected government strongly opposes such a tax - there is already a statement out there in which Merkel calls this proposal "absurd".

And, without Germany, the largest economy within Europe, this tax will never happen on an European scale.

What about Asia? Asians traditonally oppose such a tax. So, there are not many countries or regions left.