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

Today, at 1PM ish Nov 30, yet another talking head endorsed an insane tax proposal, arguing it would not take effect now, but in 3 years. Sue me but the momentum FOR this tax just keeps getting bigger. You never constantly heard of talk of it being enacted, now its on CNBC on an hourly basis almost nonstop, it seems.

Amazing nobody here is worried.

Kind of like "health care will never see the floor of the senate" or other madness that are either happening or on the brink?
 
Quote from traderbigt:

Today, at 1PM ish Nov 30, yet another talking head endorsed an insane tax proposal, arguing it would not take effect now, but in 3 years. Sue me but the momentum FOR this tax just keeps getting bigger. You never constantly heard of talk of it being enacted, now its on CNBC on an hourly basis almost nonstop, it seems.

Amazing nobody here is worried.

Kind of like "health care will never see the floor of the senate" or other madness that are either happening or on the brink?
More...



Like CNBC would have people on that would be against the tax. lol
 
trader tax next on bloomberg tv

for those of you who have access

quotes:

"less transactions so less craziness, and a pot of money to help future bailouts"

"really really tiny percentages"

"we wouldnt feel this probably"

a very poor treatment of the subject

the interviewee was Yalman onaran
 
Quote from traderbigt:

Today, at 1PM ish Nov 30, yet another talking head endorsed an insane tax proposal, arguing it would not take effect now, but in 3 years. Sue me but the momentum FOR this tax just keeps getting bigger. You never constantly heard of talk of it being enacted, now its on CNBC on an hourly basis almost nonstop, it seems.

Amazing nobody here is worried.

Kind of like "health care will never see the floor of the senate" or other madness that are either happening or on the brink?
More...

I'm sorry but you're an idiot, this topic has almost 500 pages and you claim "no one here is worried"

We're very worried and we're trying to do whatever we possibly can to stop it.
 
Quote from ksharmon:

trader tax next on bloomberg tv

for those of you who have access
More...

Pretty neutral and overall lame report -- some guy just saying that it needs to be international and he cited a rate of 0.005% when asked how big the tax would be.
 
Dam missed it all on CNBC and Bloomberg. The 3 year thing is what I was posting to someone on here yesterday, it was from an article that the unions were pushing for. Was the person on their pushin that from a union. I will see if I can find the cnbc video.
 
Just saw the video on CNBC, this guy Mishel, was the one that testified last month in mid october in front of sub committee on house ways and means, there own little jobs summit. He sparked people into a frenzy that day and started journalists writing alot of articles. That forced the house ways and means committee to come out I forget if it was the same day or the next stating that it was not discussing the tax in committee, and actually according to Rangel last week, there is still no discussion of the tax in commitee where tax law is made. This guy is from the EPI, lawrence Mishel Lawrence Mishel is president of the Economic Policy Institute in Washington, D.C., a progressive think-tank that seeks to advance the interests of American workers. He has been at EPI since 1987, first serving as Research Director, then as Vice-president and in 2002 became President. He was recommended to the board by Paul Krugman, go figure. They are very left leaning and controversial. The EPI and Larry Mishel were not invited to the JOBS summit on thursday. Just a little color on who was their speaker on cnbc. Here is his article from OCT 15TH

http://dealbook.blogs.nytimes.com/2009/10/16/transaction-tax-is-floated-on-capitol-hill/

After that here is what the house ways and means said:

A U.S. congressional tax-writing panel is not considering a tax on financial transactions at this time, a Ways and Means Committee spokesman said on Monday.


While we know now it has been talked about in congress according to what they have told us it has not been talked about in the above committee even still today as of yet.
 
The only way this tax is going to happen in the U.S. is if it's done on an International scale. I have no concerns whatsoever that it would ever happen with congress. But Internationally, the momentum is getting stronger by the day, and we should all be concerned that enough pressure will eventually be placed on the U.S. to go along with it. Hopefully, the Obama administration will continue to oppose, and not allow other countries, namely the U.K., to bully us into doing this. The 2010 G-20 summit will be the one that determines if it's going to happen or not, as the IMF will officially lay their cards on the table after doing their analysis of all proposals, and the U.S. will either stick to their guns by opposing, or cave like everyone else seems to be doing, and allow this disaster to occur. Only time will tell.
 
Quote from rsikit:

A U.S. congressional tax-writing panel is not considering a tax on financial transactions at this time, a Ways and Means Committee spokesman said on Monday.
More...


Hey Rsikit -- is that Monday as in today or Monday as in a previous Monday? Thanks
 
You must log in or register to reply here.
Back
Top