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

Quote from traderjb:

Does anyone thing if the federalis in Washington pass a VAT, that it would open the door to a tax on trading?
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after the US congress passed the health bill all doors are opened to tax the middle class and the rich but not super rich people.

what difference does it make if a transaction is passed whether it is before or after vat. remember these people don't believe in free markets or financial markets except to advance their programs.
 
Quote from zdreg:

after the US congress passed the health bill all doors are opened to tax the middle class and the rich but not super rich people.

what difference does it make if a transaction is passed whether it is before or after vat. remember these people don't believe in free markets or financial markets except to advance their programs.
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Aye...good point.
 
Quote from Explorer:

IMF advises G20 against fin. transaction tax - report

http://in.reuters.com/article/economicNews/idINIndia-47533720100408

It cited IMF and German government sources as saying the fund would advise G20 states against introducing a such a transaction tax.
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This sounds like the IMF news a lot of people here have been waiting on for a while now, yet no one seems too excited about it. Is it safe to assume this thread and subject are officially dead?
 
IMO, you can't officially call it off -- because you still have crazy deficit spending! as the debt continues to grow, and future tax revenue declines -- trans. tax is fair game. Might be awhile, but you can't rest assured it is dead.
 
Final two paragraphs in relation to Team Brown/Zenawi climate change finance missionaries - including former capitalist Soros:

http://www.timesonline.co.uk/tol/news/environment/article7084603.ece

In the interests of business stability and investor confidence, the IMF's April and June reports must astutely end nonsensical posturing on this farcically unviable proposition - in strong and explicitly unequivocal terms.

IMF officialdom's recent signals could correctly be interpreted as fair preparatory guidance on what is to follow.

Their final report(s) must be unambiguously conclusive.
 
Ragnar: ". . . [R.........] is not remembered as a champion of property, but as a champion of need, not as a defender of the robbed, but as a provider of the poor. He is held to be the first man who assumed a halo of virtue by practicing charity with wealth which he did not own, by giving away goods which he had not produced, by making others pay for the luxury of his pity...

Familiar names:-


http://www.ethiosun.com/geldof-neve...ed-himself-and-the-gangsters-ruling-ethiopia/
 
Quote from MrPowerBallad:

This sounds like the IMF news a lot of people here have been waiting on for a while now, yet no one seems too excited about it. Is it safe to assume this thread and subject are officially dead?
More...

I'm relieved about the IMF decision.

Folks are still here.

Obama's Deficit Reduction Committee is the next hurdle.

The rise in oil is also troublesome as it may bring out the "blame the speculators" crowd again seeking ways, including the transaction tax, to bring oil prices down.
 
The transacation tax will be fair game as long as the mkt is roaring and wall street crooks who got us in this mess are making billions.I assure you if the mkt stays strong till yr end and crooks get billions more in bonus money the out cry will be huge. the best thing that can happen for all traders is another massive crash and long bear mkt then nobody will try to tax a broken mkt.
 
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