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

Good article by Jeffery Folks.
It states that Pelosi is trying to push this though in the House and proposes to spend the $150 billion it would raise annually on future stimulus spending.
Pelosi is not the only one eying the tax. Barney Frank views the tax favorably as well, though he is at least realistic enough to comprehend that its effect would be to drive the financial industry overseas. ***Thus, he proposes only a one-time tax, a one-time tax that might, of course be repeated each time the markets drop their guard. ***Larry Summers and Paul Volker are also said to be interested in the idea.




http://news.google.com/news/url?sa=...com/2009/12/the_quarter_percent_solution.html
 
In Brit fit, Goldman sees Spain.

http://www.nypost.com/p/news/business/in_brit_fit_goldman_sees_spain_1STAXV7K6fseow6fxNO7eL




Goldman Sachs is so angry over steep bonus surcharge being levied in London that it's vowing to move more than 1,000 highly paid employees to Spain.
Under new rules, Goldman would have to pay a 50-percent tax on any employee bonuses over $40,000. The Wall Street firm says it already pays the British government the highest taxes of any financial-services-firm--about $3.2 billion last year.
The relocation would put a major dent in Britain's tax stream. Goldman employs about 5,000 people in the UK.
Barclays CEO John Varley said he might also shift some operations. "This is a global industry and talent is mobile. Other financial-services firms were said to be in talks with government officials over alternatives to the new tax.



LOL!!!!!!! Great job Gordon Brown. Your about to lose a significant portion of tax revenue in the UK. Keep advocating for higher taxes, transaction taxes, and you won't have a financial sector left in London.
The U.S. should definitely take note of this if they get cute with the transaction tax bills being floated in congress!!!!!
 
Quote from jksn922:

In Brit fit, Goldman sees Spain.

http://www.nypost.com/p/news/business/in_brit_fit_goldman_sees_spain_1STAXV7K6fseow6fxNO7eL




Goldman Sachs is so angry over steep bonus surcharge being levied in London that it's vowing to move more than 1,000 highly paid employees to Spain.
Under new rules, Goldman would have to pay a 50-percent tax on any employee bonuses over $40,000. The Wall Street firm says it already pays the British government the highest taxes of any financial-services-firm--about $3.2 billion last year.
The relocation would put a major dent in Britain's tax stream. Goldman employs about 5,000 people in the UK.
Barclays CEO John Varley said he might also shift some operations. "This is a global industry and talent is mobile. Other financial-services firms were said to be in talks with government officials over alternatives to the new tax.



LOL!!!!!!! Great job Gordon Brown. Your about to lose a significant portion of tax revenue in the UK. Keep advocating for higher taxes, transaction taxes, and you won't have a financial sector left in London.
The U.S. should definitely take note of this if they get cute with the transaction tax bills being floated in congress!!!!!
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THE BROWN CLOWNS


BROWN
PELOSI
DEFAZIO
HARKIN


ZERO BACKGOUND IN THE SECURTIES MARKETS....BUT YET WANT TO REGULATE THEM.....

PURE LUNACY


THEY WILL TURN BOTH THE US AND THE UK INTO A GIANT HAITI....

WATCH IT HAPPEN.....IF THEY ARE NOT REMOVED....

THEY ARE ECONOMIC CANCER
 
Quote from jksn922:

Good article by Jeffery Folks.
It states that Pelosi is trying to push this though in the House and proposes to spend the $150 billion it would raise annually on future stimulus spending.
Pelosi is not the only one eying the tax. Barney Frank views the tax favorably as well, though he is at least realistic enough to comprehend that its effect would be to drive the financial industry overseas. ***Thus, he proposes only a one-time tax, a one-time tax that might, of course be repeated each time the markets drop their guard. ***Larry Summers and Paul Volker are also said to be interested in the idea.




http://news.google.com/news/url?sa=...com/2009/12/the_quarter_percent_solution.html
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The above piece says both Summers and Volker are interested in the TT idea. Summers said he is against the tax in an interview last year and Volker just recently seemed to indicate he wasn't in favor of the tax. Also I'm not so sure Pelosi is jumping on the HR 4191 bandwagon just yet. A decent article but I would question the above statements...

-Guru
 
Quote from listedguru:

The above piece says both Summers and Volker are interested in the TT idea. Summers said he is against the tax in an interview last year and Volker just recently seemed to indicate he wasn't in favor of the tax. Also I'm not so sure Pelosi is jumping on the HR 4191 bandwagon just yet. A decent article but I would question the above statements...

-Guru
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My take on the article is that Summers and Volker are interested in the tax on the banks idea, not the transaction tax. Frank mentions the one time tax, and Summers/Volker may have an interest in it as well. I think you mis-read those comments. I know that Summers is not for a tran. tax, although he supported it many years ago, and I believe I read something about Volker being against it as well. It sounds like Summers, Volker, Frank, and Geithner all have interest in the tax on banks idea, and not the tran. tax. Geithner even mentioned his support of a tax on the banks during his interviews on Fox Business, and Bloomberg. Hopefully, this is the direction their going to go on this.
 
Quote from jksn922:

My take on the article is that Summers and Volker are interested in the tax on the banks idea, not the transaction tax. Frank mentions the one time tax, and Summers/Volker may have an interest in it as well. I think you mis-read those comments. I know that Summers is not for a tran. tax, although he supported it many years ago, and I believe I read something about Volker being against it as well. It sounds like Summers, Volker, Frank, and Geithner all have interest in the tax on banks idea, and not the tran. tax. Geithner even mentioned his support of a tax on the banks during his interviews on Fox Business, and Bloomberg. Hopefully, this is the direction their going to go on this.
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I just reread the piece and you are probably right. Thanks for pointing that out. I initially did a speedread (LOL). Anyway thats a good thing if all the big dogs seem to like the tax on banks idea - now we just need the IMF to support the insurance type levy and we'll be okay...

-Guru
 
Quote from listedguru:

"Wall Street: Cough Up $354 Billion for the People"

This guy is a Democrat who's running for the Senate in NY.

http://www.dailykos.com/story/2009/12/23/818319/-Wall-Street:-Cough-Up-$354-BILLION-For-The-People

Can comment at the bottom.

-Guru
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lol. This guy doesn't have a snowball's chance in hell. He probably surfed the web, saw the Gillibrand interview, and read that she is against the tax. So now this numbnut figures he has a platform to run on. lol Typical Democrat. I highly doubt this turd will get one red cent in campaign contributions from Wall Street. On the other hand, Gillibrand will be well funded to fling pieces of shit like this off her.
 
Quote from jksn922:

lol. This guy doesn't have a snowball's chance in hell. He probably surfed the web, saw the Gillibrand interview, and read that she is against the tax. So now this numbnut figures he has a platform to run on. lol Typical Democrat.
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..........................................
http://en.wikipedia.org/wiki/Jonathan_Tasini


Check out the bio....


Background...."writer"....public media....

Another HAITI promoter....

ZERO background in securities.....

Every one of these polys ......


Have zero securties background but insist that they are
qualified.....


How stupid can it get ?????
 
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