Rush Limbaugh just blasted the financial transaction tax on his radio program.
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1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
It's back on! http://www.cnsnews.com/news/article/58099Quote from seasideheights:
Drudge added today's cnsnews.com story to his page along with a picture of Pelosi. That article will get much more visibility now.
I do not like seeing it on drudge for all to see. But anyways the article is old news. It states what we knew last week, her press conference from last thursday where she said it had merit and she had spoken to Geithner about it. The after that a day later when Geithner was being interviewed by Bloomberg and they asked about what Pelosi said, he stated what he felt. So this article is just twisting news from alst week to make it seem new.
I admire your efforts but suggest that for what you envision there will be a need for a pro Washington lobbyist group. They will run circles around you and she already has her home turf protected from all politixal angles. The deficienxy is in the lack of noise from brokers. The best thing that can be done by individuals is to warn their brokers (perhaps in a coordinated effort) that they will abandon them for the one broker that does get vocal, thereby giving all brokers incentive to engage this debate at a higher level. Brokers and clearers stand a lot to lose, they need to be a visible voice.Quote from GreenTraderTax:
I read an interested expose on Speaker Pelosi in New York Magazine (month old issue). The article pointed out that the Speakerâs strengths include counting votes, money-raising (in rich Silicon Valley, her district) and dolling out campaign funds to other candidates in her sphere of influence in return for loyalty on votes. I recall at one point, Speaker Pelosi had to rein in an unruly Congressman who would not listen to her reason, so she took the fight directly to that Congressmanâs donors in his home community. Overnight, that Congressman changed his tune to fall in line with Speaker Pelosi.
Why donât we use some of this same medicine on Speaker Pelosi, itâs something she will understand and respect. Silicon Valley donors are the Speakerâs money lifeline. The financial services industry needs to tell Silicon Valley that it will buy from EU and Asian vendors unless Silicon Valley communicates its interests in a viable U.S.-based financial services industry to Speaker Pelosi.
Maybe some Silicon Valley tech companies want to start selling their stock on iTunes, but that is not feasible yet. I recall some venture capitalists tried that approach a decade ago using peer to peer IPOs cutting out investment bankers. Mr. Pelosi, the Speakerâs husband is a significant player in the Silicon Valley venture capital industry.
Sounds like dirty pool, but I think this is how the power game is played in DC and we canât afford to be ignorant of the tactics used. Our small business traders canât do much other than buying Lenovos rather than Dell computers. We need the Wall Street trade associations to help out here.
Speaker Pelosi and other Congressman from CA (some who sponsor DeFazio's House bill) should understand that most Main Street small-business traders live in CA and they are hurting them badly with this tax.
See our Petition report below on state actions. 18% are from CA and the next biggest state is Florida with 9% closely followed by Texas and only then New York. I've been saying all along that traders don't live on Wall Street or in Chicago, they live on Main Street in CA!
fixing the lay out of this report and to post again shortly
Quote from PlusMinus:
I admire your efforts but suggest that for what you envision there will be a need for a pro Washington lobbyist group. They will run circles around you and she already has her home turf protected from all politixal angles. The deficienxy is in the lack of noise from brokers. The best thing that can be done by individuals is to warn their brokers (perhaps in a coordinated effort) that they will abandon them for the one broker that does get vocal, thereby giving all brokers incentive to engage this debate at a higher level. Brokers and clearers stand a lot to lose, they need to be a visible voice.
Agree. Isn't Schwab based in San Francisco, Pelosi's home district?
Yes, my post was to ask brokerage industry groups to use that tactic,we can't do much about that power play.
For now, we seem to be winning again, and brokers may keep their powder dry. The more Wall Street protests too much the more anger flames up. I think we can dial down the new stuff and just keep putting out every fire on every media site.
Quote from tomdavis:
Senator Charles Schumer (D, NY) has come out strongly against the tax and, for the time being, appears to be standing his ground. If he doesn't change his mind, this will never even come to a vote in the Senate.
Until this tax is declared dead, keep signing petitions and contacting you representatives. If we let our guard down, we could be in for an unpleasant surprise.
What do you expect Schumer to say?
Of course he "against" it. Until he's for it. If the UK goes for it, I think this will pass, and you can bet Schumer will be voting "aye".
Greentradertax,
I like you idea of expending the ring of fire, without creating to much fear...
However don't you think a classical Divide and Conquer will be more usefull ?
I like you idea of expending the ring of fire, without creating to much fear...
However don't you think a classical Divide and Conquer will be more usefull ?
The only unfortunate thing about this tax is that it has been around for a while, but not gained enough steam until now. We will not be able to say this is dead for some time. We will have defecits for the forseeable future, along with committments to healthcare and global warming. This puts us and other countries in a position to be in need of revenue for some time to come, and we know this will always come up. So we need to figure this fighting into our daily routine. I noticed seaside said this morning he spent a lot of time on the phone , email and writing to people. This time away from trading is money lost but yes he said its still better then the alternative -the tax. So we need to keep up the fight for sometime, and not get comfortable when it seems quiet. I was quiet and happy after the g20 when Geithner and the IMF shot down the idea, and then boom look what happened. It will be the perfect storm for this tax for some time to come, but stay vigilant and keep trading as well, try not to let it affect it. I have let it slow my trading down considerably while trying to fight this. We just need to multi task. We cannot say "oh this well never happen" we think it wont but we still need to fignt in the off chance our so called congress does something stupid.