1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Can soon can we get Brown's fixed position on the trans tax.
Maybe, but not a real big deal for him to weigh in on it, its a big deal to us , sure. I am sure he will not state any position on it unless specifiacally asked or if it ever came to vote in senate. He stated on the bank tax because thats looming but if you look at his other articles, he opposes taxes and any taxes on banks So we can assume against it.
This is about Obama's proposed fee on banks.
âScott Brown is opposed to higher taxes, especially in the midst of a severe recession. Raising taxes will kill jobs. Martha Coakleyâs tax-raising policies will make it harder to get our economy back on the right track.â
http://news.firedoglake.com/2010/01/14/republicans-falling-into-bank-fee-trap/
You are right sorry about that. My editors always wash articles of political statements. Guess I got a little carried away like Scott Brown tonight did too. I've been fighting hard for many months to defeat the financial-transaction tax and it seems like they are coming at us from many directions (surcharge income taxes, health taxes, transaction taxes, bank taxes, financial reform and more). Guess I let it out a little after maybe being a little too tired. Most of my writing and views are down the middle. I support and respect all opposing views with clients, family members and friends. Again, sorry if I offended anyone. I stand for lower taxes, growth, and respect of all others.
The Bogle team is still getting out articles. See http://online.wsj.com/article/SB10001424052748704381604575005562735357750.html#articleTabs=article
In Google alerts tonight.
Add your Comments. Here's mine.
The author wants to use a dangerous transaction tax to nudge investors from active to more passive mutual funds. Tax policy is not intended to address marketing or performance shortcomings. CEO mutual fund industry titans like John Bogle of Vanguard are not supposed to mount media campaigns to call on new taxes for their competition that are really disguised marketing campaigns.
Make no mistake a transaction tax on market-maker traders - most of whom are small business traders living on Main Street not Wall Street - will put them out of business overnight. Killing off speculators will lead to less liquidity and more importantly poorly-priced markets. Every investor active or passive will pay higher purchase prices and get lower selling prices. Those inefficient price changes will cause great losses on Main Street - plus they will pay these taxes too. Hundreds of thousands will lose jobs on Main and Wall Street. American financial transactions will move to Asian and other offshore markets. Sweden tried this transaction tax and stopped it when transactions moved â that story is in the media today too.
It's bad enough when big-government starts interfering in markets and telling people how to invest with tax carrots and sticks. It's even worse when a passive mutual fund CEO mounts a media campaign to use government heavy-tax-handiness to impair the winning competition. The American people do not want a new government tax on every single transaction they make. Enough is enough!
In Google alerts tonight.
Add your Comments. Here's mine.
The author wants to use a dangerous transaction tax to nudge investors from active to more passive mutual funds. Tax policy is not intended to address marketing or performance shortcomings. CEO mutual fund industry titans like John Bogle of Vanguard are not supposed to mount media campaigns to call on new taxes for their competition that are really disguised marketing campaigns.
Make no mistake a transaction tax on market-maker traders - most of whom are small business traders living on Main Street not Wall Street - will put them out of business overnight. Killing off speculators will lead to less liquidity and more importantly poorly-priced markets. Every investor active or passive will pay higher purchase prices and get lower selling prices. Those inefficient price changes will cause great losses on Main Street - plus they will pay these taxes too. Hundreds of thousands will lose jobs on Main and Wall Street. American financial transactions will move to Asian and other offshore markets. Sweden tried this transaction tax and stopped it when transactions moved â that story is in the media today too.
It's bad enough when big-government starts interfering in markets and telling people how to invest with tax carrots and sticks. It's even worse when a passive mutual fund CEO mounts a media campaign to use government heavy-tax-handiness to impair the winning competition. The American people do not want a new government tax on every single transaction they make. Enough is enough!
http://online.wsj.com/article/BT-CO-20100119-710122.html?mod=WSJ_World_MIDDLEHeadlinesEurope
UK and EU President listening to Sweden in favoring US style bank liability fee over a FTT. IMF in favor too per article and they are meeting about it. They want consensus and how is that possible if they dismiss the US approach which was their first reaction. The EU President will get his EU tax that I figured he wanted to. IMF and Sweden probably talked more sense into the Brits. Expect the French and Germans to speak up about this within days.
Thumbed on my iPhone with typos. CEO GreenTraderTax.com
UK and EU President listening to Sweden in favoring US style bank liability fee over a FTT. IMF in favor too per article and they are meeting about it. They want consensus and how is that possible if they dismiss the US approach which was their first reaction. The EU President will get his EU tax that I figured he wanted to. IMF and Sweden probably talked more sense into the Brits. Expect the French and Germans to speak up about this within days.
Thumbed on my iPhone with typos. CEO GreenTraderTax.com
Robert, you have nothing to apologize for. If someone doesn't like your being able to exhibit a little enthusiasm, SCREW EM!!!!!!! It's probably a sore loser Coakley lover that's now pissed off at the world because their darling liberal had her ass handed to her tonight. You have an obvious right to free speech Robert, that is until Obama takes it away from us, along with everything else.
GO BROWN!!!!!!!!!!!!!!!!!!!!
