So this fee on the financial industry that Geithner spoke of has to be the insurance like fee (similar to the FDIC stuff) correct?
-Guru
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
So this fee on the financial industry that Geithner spoke of has to be the insurance like fee (similar to the FDIC stuff) correct?
-Guru
We just need to hope (and pray) that the US doesn't cave on this issue and bow to int'l arm twisting. I don't think thats very likely though. It's probably a nice cover for the leadership to say it won't happen due to int'l issues, etc...
-Guru
Defazio must be throwing darts at the Pelosi portrait that hangs over his bed. The Mother Teresa of the liberals just took a dump on his bald head.
Why don't we just tax the Democrats for every stupid remark and proposal they make. We would then have budget surpluses coming out of our asses.
Quote from rc822:
Defazio must be throwing darts at the Pelosi portrait that hangs over his bed. The Mother Teresa of the liberals just took a dump on his bald head.
Why don't we just tax the Democrats for every stupid remark and proposal they make. We would then have budget surpluses coming out of our asses.
If the Dems just simply paid their own income taxes we'd probably have such a big budget surplus that there would be transaction CREDIT where we get paid 0.25% for every trade we make.... I want to propose that one.
I don't find Pelosi talks comforting.
Most western european countries are waiting for the US to implement it. Even Japan is part of the "leading group" now.
The US are pretty much the last opponent in major economies.
I'm not sure they would wait for Canada, Singapore, Dubai, Korea... to create this tax. For sure we will be able to trade there but I like my US markets.
Most western european countries are waiting for the US to implement it. Even Japan is part of the "leading group" now.
The US are pretty much the last opponent in major economies.
I'm not sure they would wait for Canada, Singapore, Dubai, Korea... to create this tax. For sure we will be able to trade there but I like my US markets.
You should be able to trade those markets with brokers in that country. People would transfer business there and jobs, not to trade those markets but to get around the tax, as many places arelady do. So you wouldnt just have to trade those markets. The leading group that Japan joined is a tough thing, its a cross between lefties and hippies. But again there are a lot of countries not wanting to do this and want our buiness, namely all the scandinavian countries and financial power switzerland among some other. So might opt not to do it when they can see what they can gain from it. We shall see what the IMF erport looks like in April. I am sure it will bash the tax internationally. Regardless of the feasability if all nations can agree, which they cannot, it will still slow the economy globally down, and thats one of the things the IMF is studying. Plus she has to save some face like Brown did and protect her politcal career without denying this outright. Senate will never vote this trhough
We do live in a somehwat new world were this might never die but alwys be hanging around we just always need to fight it. But each time it gets shot down is a small victory and as time passes with out it , its a good thing. Once we put into place fee or insurance premium like geithner and frank want then maybe it will die down more
Quote from rsikit:
You should be able to trade those markets with brokers in that country. People would transfer business there and jobs, not to trade those markets but to get around the tax, as many places arelady do. So you wouldnt just have to trade those markets. The leading group that Japan joined is a tough thing, its a cross between lefties and hippies. But again there are a lot of countries not wanting to do this and want our buiness, namely all the scandinavian countries and financial power switzerland among some other. So might opt not to do it when they can see what they can gain from it. We shall see what the IMF erport looks like in April. I am sure it will bash the tax internationally. Regardless of the feasability if all nations can agree, which they cannot, it will still slow the economy globally down, and thats one of the things the IMF is studying. Plus she has to save some face like Brown did and protect her politcal career without denying this outright. Senate will never vote this trhough
The tax could be avoided if it came in I'm sure, but trading would change IMMENSELY and it would be very hard to put on serious size... let's just do our parts and make sure it never comes to that.