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

Quote from bears21:

well i knew he didnt like traders but he just basically said i hate rich people they all suck. lol yeah good luck passing something that those exact people you hate are the ones pulling the strings. its like a reporter who says your team sux and has to go interview you after the game with a straight face.

geez buddy atleast hide behind the scenes a little bit. but i will say this defazio has balls no brains though
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We can see his jealousy come thru in this article of people becoming sucessful. But now he is making what 175k a year doing nothing and passing nothing? That should piss everyone off that are money is going to his guy to sit on his ass and critisze the rich
 
With the FDP in Germany opposing the TT, can anyone explain this,
" Kampeter said German Chancellor Angela Merkel wanted an international solution to pay for recent and future financial sector bailouts, adding: "Anything else does not have the support of the government." "
Is Kampeter saying that anything other then the TT is opposed? Earlier on in the article he states that a bank fund is being opposed. Is Kampter with Merkel or is he part of the FDP
http://www.cnbc.com/id/34479091
 
Not good. That's where you see that most politicians are stupid ideologist and not economic technicians.

This type of fund has a chance of working contrary to the Tobin.
 
Looks like some positive news though, important thing to remember is that the agreement has to be global and it has to pass in each government.
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"Transaction Tax

Respondents were also unanimous in their judgment that a securities transaction tax would have a negative impact on both the U.S. financial markets and economy."
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=87504
SIFMA econ advisory.
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Now for the negative
http://www.alliancesud.ch/en/policy/finances/imf-considering-tobin-tax/?searchterm=None

http://www.number10.gov.uk/Page21773

http://www.businessday.co.za/articles/Content.aspx?id=89857
 
Quote from listedguru:

Here's a copy of the Copenhagen draft text:

http://www.guardian.co.uk/environment/2009/dec/18/copenhagen-climate-change

This thing has probably been changed a million times since but anyway...

-Guru
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Point number 7, "opportunities to use the markets" makes me nervous, I do think that something like a Tax would be clearly mentioned and that the markers refer to jobs and tech, but on the other hand it seems like a rough draft as the targets are referred to as X and Y also the end of point 8 mentions funding coming from public and private sectors including alternative sources.
 
Quote from andy9775:

Point number 7, "opportunities to use the markets" makes me nervous, I do think that something like a Tax would be clearly mentioned but on the other hand it seems like a rough draft as the targets are referred to as X and Y also the end of point 8 mentions funding coming from public and private sectors including alternative sources.
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I know in another draft it was mentioned taxing shipping and aviaton as well.

-Guru
 
I am watching the climate news tick by second by second and it seems every few minutes there is a new draft just waiting for approval by China and the US. Under the funding part there is no specific mention about tranny tax, but the use of alternative financing is in there which is a direct referral to the tax. So tis kinda of a wash so far.
 
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