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

[seasideheights]

Quote from rsikit:

Thats funny, now the Najarian brothers are good! If cramer has twitter, eveyrone sign up and blast his twitter account

To be clear, the "cramer what a jerk....he stops trading and sells books" comment came from @wysr and not Jon Najarian.

What Najarian did though, was to spread that comment out to the 7100+ people that follow his messages, along with a request to write your congressman.

 

[rsikit]

I am tweeting to optionmonster and mad money now

 

[rsikit]

Quote from seasideheights:

To be clear, the "cramer what a jerk....he stops trading and sells books" comment came from @wysr and not Jon Najarian.

What Najarian did though, was to spread that comment out to the 7100+ people that follow his messages, along with a request to write your congressman.

I got ya I just posted to that write the congressman tweet STay away from any cnbc tweets as Seaside always tells us

 

[jj69]

Guys, Michael "Mish" Shedlock is an influential blogger(think he's the top financial blogger by readership) that should be emailed so that he can write more articles focused on this topic. A couple weeks ago he wrote a piece on it condemning the idea:http://globaleconomicanalysis.blogspot.com/2009/11/financial-transaction-taxes-would-cause.html Let's reach out for his help in shedding more light on the idiocy of this tax.

 

[seasideheights]

--------------> REPLY IN THE COMMENT SECTION AT THE BOTTOM OF THE ARTICLE <-------

"The 0.25% tax hike isn't a call for alarm, Cramer said. "The right doesn't want to hear about tax hikes, but look at the mess we are in ... I can handle 20%."

http://www.thestreet.com/story/10632391/1/cramers-stop-trading-verizon-att.html

--------------> REPLY IN THE COMMENT SECTION AT THE BOTTOM OF THE ARTICLE <-------

 

[MrPowerBallad]

Quote from seasideheights:

" ... I can handle 20%." ]

20% of what?

Anyway, I know this has been mentioned before, but there are no instruments on CME and related exchanges that could support a 0.25% tax. So either CME radically changes these contracts or they shut down. I know a lot of people here didn't vote for Obama, but it's a fair question to ask if he would pass legislation that would turn off one of the primary engines of his hometown.

 

[rsikit]

I think he was talking in context to the cap gains tax raising from 15 to 20%

 

[rsikit]

I know Powerballad thats why the had the .02% tax on futures , the .25 was jsut for stocks, we shall see if that comes up as well

 

[rsikit]

Quote from MrPowerBallad:

20% of what?

Anyway, I know this has been mentioned before, but there are no instruments on CME and related exchanges that could support a 0.25% tax. So either CME radically changes these contracts or they shut down. I know a lot of people here didn't vote for Obama, but it's a fair question to ask if he would pass legislation that would turn off one of the primary engines of his hometown.

Just one lot of gold would be abou 117,000 $ and one lot of crude would be about 76k, so it would hurt.

 

[ksharmon]

cramer getting showered with emails

he just posted this

Jim Cramer
TRADER TAX
11/24/2009 4:17 PM EST
No, i dont want a trader tax. Yes it would be terrible. But i think those who are attacking me are missing the point: it would not be as catastrophic as it would have been at one time and if it can be used to help create jobs then i think it is within reason, more than raising the taxes on capital gains and dividends. I do not think people understand the mood of Congress about Wall Street and they are going to exact a toll, I just want it to be as benign at it can be. Does anyone have a better idea? Excise taxes against us? That's next, believe me