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

[cstfx]

Quote from seasideheights:

Get ready for the next wave of Wall Street hatred courtesy of the Goldman Sachs fraud charge.


Wall Street hatred is a bad environment for our cause.

Today's events were carefully orchestrated. Just ahead of the Dodd financial reform bill about to go to Senate floor. Let's see who will stand up in defense of Wall Street now.

 

[seasideheights]

Harkin is banging the drum again. Consider adding a comment to the end of the story.

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Harkin calls for tax on financial transactions
By Jay Heflin - 04/16/10 06:33 PM ET

http://thehill.com/blogs/on-the-mon...arkin-calls-for-tax-on-financial-transactions

 

[Explorer]

EU plans bank ‘resolution’ fund

http://www.examiner.ie/world/eu-plans-bank-resolution-fund-117502.html

[...] Internal Market Commissioner Michel Barnier put forward the ideas for the so-called Resolution Fund to the ministers, who were meeting informally in Madrid and discussed them briefly.

He said the fund should be based on the polluter pays principle to ensure the cost of any bank failure is borne as much as possible by the private sector through a financial transaction tax. [...]
..........

I hope the Irish Examiner have just got this wrong...it certainly contradicts what came out on 14 April:

Brussels gets cold feet on financial transactions tax. http://www.euractiv.com/en/financia...feet-on-financial-transaction-tax-news-441845

 

[Explorer]

Quote from Explorer:
I hope the Irish Examiner have just got this wrong...it certainly contradicts what came out on 14 April:

Searching for news items on this resolution fund, no other sources refer to a transaction tax, but some have referred to a levy.

Bloomberg say Barnier proposes that banks contribute to the fund with a special tax on their balance sheets. http://www.businessweek.com/news/20...e-bank-bailout-costs-in-eu-plan-update1-.html

 

[seasideheights]

"Investors face a tax on Trading - Experts square off on proposed financial-transaction fees." Kiplinger's Personal Finance - April 2010 page 14.

Nothing new in it. Just more exposure.

 

[muller]

Quote from seasideheights:

Harkin is banging the drum again. Consider adding a comment to the end of the story.

------------------------------------------------------

Harkin calls for tax on financial transactions
By Jay Heflin - 04/16/10 06:33 PM ET

http://thehill.com/blogs/on-the-mon...arkin-calls-for-tax-on-financial-transactions

Harkin - Iowa, DeFazio - Oregon...
Funny that the propenents of the ftt come from pot smoking countries. Pot makes them all communist and crazy.

 

[FightTheFuture]

Quote from muller:

Harkin - Iowa, DeFazio - Oregon...
Funny that the proponents of the ftt come from pot smoking countries. Pot makes them all communist and crazy.

Communist, crazy, and lazy. Take from others, sit back and relax.

 

[jnorty]

why is this subject still talked about? the fed.whitehouse and imf said no no no. no country will ever singularly impose this as it will put them at a huge disadvantage to other countries.

 

[muller]

Quote from jnorty:

why is this subject still talked about? the fed.whitehouse and imf said no no no. no country will ever singularly impose this as it will put them at a huge disadvantage to other countries.

It is because its proponents keep bringing it up all the time all over the world.
That's why.
You ask THEM to stop.

 

[zdreg]

Quote from jnorty:

why is this subject still talked about? the fed.whitehouse and imf said no no no. no country will ever singularly impose this as it will put them at a huge disadvantage to other countries.

the UK, and Hong Kong and India already have it. they would love to shackle wall street with one to gain business.