1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
............................................
And if Germany was "smart"...would be putting in place the direct access technology to take more market share of all securities transactions.....
Perhaps the "Mercedes" of financial markets ?
Let the DEMs keep on transforming the US into another "Haiti"....
The US has similar problems....non qualified people in meaningful positions....
Perhaps the US will wake up ....and smell the coffee....
Sadly....only after losses have already happened....
Sound familiar ?
........................................................................
The US "should" be taking out all of the stops in creating efficient capital by making sure that no taxes of anykind are allowed on any type of securities....especially stocks....
And providing for a far more efficient direct access defragmented exchange......whereby most of the players would be retail.....which makes for a far better marketplace....instead of concentrated holdings such whereby similar money managers are stuck with wanting to reach the exit door at the same time....
This requires better wiki style fact based information.....and lower costs.......just to start the list....
Or else let some other country dominate the "financial securities business".....
After all....the US is a very "giving country"....it has already given a good portion of its manufacturing base away.....
What's the next industry....that it gives away ??????
That's excellent news, if true. And I would bet there was some conversation across the pond before a statement like that was made, representing the position of the German government.
Now Pelosi and friends have their reasonable escape clause.
"We really wanted to enact a Transaction Tax and stick it to those worthless traders, but sorry, we can't get everyone to agree."
Germany, and other countries have come out against putting this tax in place anytime soon.
Top administration officials have said it would only work on an international scale, and top congressional members have come out with the same conclusion.
In the Senate the Republican response has been to toe the "smaller government, no new taxes" party line, and key Dem. Senators have come out against the tax with others most likely behind them considering the constituency of some of the key Dems and the lobby firepower against this tax.
This should keep this thing on the fringe for a while and hopefully it will quiet down. Maybe I can focus on trading every day without this distraction.
Top administration officials have said it would only work on an international scale, and top congressional members have come out with the same conclusion.
In the Senate the Republican response has been to toe the "smaller government, no new taxes" party line, and key Dem. Senators have come out against the tax with others most likely behind them considering the constituency of some of the key Dems and the lobby firepower against this tax.
This should keep this thing on the fringe for a while and hopefully it will quiet down. Maybe I can focus on trading every day without this distraction.
I'm resigned to the fact that this will always from now on be a distraction, so long as government exists and idiots continue being elected. If Republicans take control then maybe we can relax a little bit more but I think we'll have to keep fighting this for a very long time.
Fuck France. I'm ashamed:
http://thegovmonitor.com/world_news...ons-will-fund-developing-countries-18227.html
http://thegovmonitor.com/world_news...ons-will-fund-developing-countries-18227.html
Bernard Kouchner has been trying for this for years thru the UN. The problem with it is no matter what the US would not sign on for development , we might sign on if we can keep our money. There is such a need for revenue domestically they would not throw it away to developing countries at this point. That being said we have done dumb things in the past. But dam France is non stop with that tax! And Sarko is just an idiot on the world stage, no offense.