I would be careful about posting any comments on that site, but if anyone can't resist the urge to try to set 'em straight, then please at least try to come off as being judicious and restrained (i.e. not a pissed off trader). A bunch of anti-tax comments might get them even more fired up, whereas few comments and low site traffic will help them see their failed effort for what it is.
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1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
I would be careful about posting any comments on that site, but if anyone can't resist the urge to try to set 'em straight, then please at least try to come off as being judicious and restrained (i.e. not a pissed off trader). A bunch of anti-tax comments might get them even more fired up, whereas few comments and low site traffic will help them see their failed effort for what it is.
The Robin Hood site doesn't seem to have any great strategy beyond a "don't forget to tell all your friends about it" approach. If ignored it will probably fizzle out on it's own. Yesterday's press release didn't trigger much interest in the mainstream media despite the press release appearing on a number of websites. I haven't read or heard anything new today. It's worth keeping an eye on them (their YouTube stats for the first day are admittedly quite high), but I'm inclined to think they can be ignored unless or until something happens to indicate they should be taken more seriously.
"We are the World" the charity video debuts at the Olympic's Open Night Ceremonies Friday Night. http://www.mtv.com/news/articles/1631018/20100202/lil_wayne.jhtml
Hopefully, the American campaign is not going to promote the Robin Hood Tax.
Hopefully, the American campaign is not going to promote the Robin Hood Tax.
http://m.guardian.co.uk/?id=102202&.../business/2010/feb/11/goldman-sachs-tobin-tax
Did Goldman do some "fast voting" like fast trading saying No to the RHT? I tried to vote no and it did not work.
Did Goldman do some "fast voting" like fast trading saying No to the RHT? I tried to vote no and it did not work.
http://network.nationalpost.com/np/.../jack-mintz-obama-s-revenge-tax.aspx#comments
Smart writing saying no FTT or bank taxes in Canada. Their banks have performed very well for decades and stand out in NAFTA. Canada defends it's banks the way the US defends it's auto companies. So goes it's banks so goes Canada. Funny, Canada has socialized medicine but laissez faire banks.
Raising one dime of taxes on finance now is stupid as we approach Meltdown/bailouts 2.0.
Smart writing saying no FTT or bank taxes in Canada. Their banks have performed very well for decades and stand out in NAFTA. Canada defends it's banks the way the US defends it's auto companies. So goes it's banks so goes Canada. Funny, Canada has socialized medicine but laissez faire banks.
Raising one dime of taxes on finance now is stupid as we approach Meltdown/bailouts 2.0.
http://www.koreatimes.co.kr/www/news/biz/2010/02/123_60729.html
G-20 consensus on bank levy or taxes is melting like climate control consensus. Korea, host of the G-20 later this year just forcefully said no way. Korea wants universal banking and bigger is better. They are focusing on too small to compete rather than too big to fail. Think chaebols? and gov support not attacks. Guess President Obama has lost his mojo on the global stage. Korea said no FTT but then said it's problem is hot money and exits - like Brazil and the article mentions Tobin Tax at the bottom - yet up top it said no to FTT. Emerging markets want their own big banks and they will not attack them. Wow has the president gotten himself in a bind here with his war of words and taxes on banks.
G-20 consensus on bank levy or taxes is melting like climate control consensus. Korea, host of the G-20 later this year just forcefully said no way. Korea wants universal banking and bigger is better. They are focusing on too small to compete rather than too big to fail. Think chaebols? and gov support not attacks. Guess President Obama has lost his mojo on the global stage. Korea said no FTT but then said it's problem is hot money and exits - like Brazil and the article mentions Tobin Tax at the bottom - yet up top it said no to FTT. Emerging markets want their own big banks and they will not attack them. Wow has the president gotten himself in a bind here with his war of words and taxes on banks.
Quote from Robert A. Green:
http://m.guardian.co.uk/?id=102202&.../business/2010/feb/11/goldman-sachs-tobin-tax
Did Goldman do some "fast voting" like fast trading saying No to the RHT? I tried to vote no and it did not work.
"But since Barack Obama announced plans for a $90bn levy on Wall Street over the next decade, to help meet the costs of the banking bailouts, Downing Street has shifted towards the idea of taxing banks directly instead of slapping a charge on City transactions."
"Tim Geithner, the US treasury secretary, indicated to the chancellor, Alistair Darling, at last week's G7 summit in Canada that America could support the idea of an international bank tax, and the prime minister has since said he hopes the principles of a worldwide levy can be agreed by the summer."
Well this is good news that Downing Street is focusing on taxing the banks directly now and the US could support an int'l bank tax (ie not a Tobin Tax). Now we'll have to see if they can get any kind of concensus on that issue - it sounds like South Korea doesn' like either option (LOL). But the good news is the Tobin Tax is quickly being swept under the rug...
-Guru
Quote from Robert A. Green:
http://m.guardian.co.uk/?id=102202&.../business/2010/feb/11/goldman-sachs-tobin-tax
Did Goldman do some "fast voting" like fast trading saying No to the RHT? I tried to vote no and it did not work.
From article:
"Within 24 hours they say they traced the spamming to two computers, one allegedly registered to Goldman Sachs. "
Absolutely hilarious if true!!!
From today's BBC World News Service: UN's Banki Moon appoints British and Ethiopian PMs as financing taskforce co-chairs ahead of Mexico 2010 Conference.
(both obsessive t.t. advocates, Brown advance positions himself beyond 6th May. Team Brown/Zenawi regime --- predictable).
(both obsessive t.t. advocates, Brown advance positions himself beyond 6th May. Team Brown/Zenawi regime --- predictable).