1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
They all want it. Poverty funding my ass, they will make a giant slush fund to dip into for themselves. In order to put it over they need two things, a political body so ignorant of what it will do to market liquidity that it's pathetic and speed. Enough time can't pass that they have a hard time vilifying the trading/financial industry to the public.
100 screeching, failed socialist countries with help and promotion by leaders of failing EU socialist countries want capitalist countries-US and Canada- to tax themselves with an anti-capitalist tax. But that's where they think the money is-if they just could get Canada and the US to go along.
The Parasites, Enablers and their prey.
It's for the poor children they say, as the failed, failing-state dictators anticipate an increase in power and lifestyle.
The Parasites, Enablers and their prey.
It's for the poor children they say, as the failed, failing-state dictators anticipate an increase in power and lifestyle.
Having a known opponent is better than not knowing who's coming next. With the deficit reduction committee findings due in December, let's hope we get someone with a known record of being against the tax.
With that said, I'd be more concerned if Geithner was leaving. All indications at this point, are that he wants to stay & the President wants him to stay. Although, that holds less weight considering so much of the economic team is churning now.
Pete Stark Op-Ed in the FT calling for a FTT on currency transactions:
http://www.ft.com/cms/s/0/039d3ef8-c67b-11df-8a9f-00144feab49a.html
I didn't know this about Pete Stark:
"Before I came to the US Congress, I was a banker â a bank I started grew into a billion-dollar business. I know the power and importance of banks to local, national and global economies. Yet I also know that transformations in the financial sector have moved too much of the activity out of socially productive investments and into speculative, short-term bets on markets."
"In July, I introduced the âInvesting in our Future Actâ â a bill that would create a tiny tax of 0.005 per cent on wholesale currency transactions, to be invested in key domestic and global priorities, such as fighting disease and climate change mitigation and adaptation abroad and providing affordable child care to families in the United States. The imposition of a small tax is a minor inconvenience to a large financial institution, but is a major step toward meeting our commitments to our children and to impoverished communities around the world."
-Guru
http://www.ft.com/cms/s/0/039d3ef8-c67b-11df-8a9f-00144feab49a.html
I didn't know this about Pete Stark:
"Before I came to the US Congress, I was a banker â a bank I started grew into a billion-dollar business. I know the power and importance of banks to local, national and global economies. Yet I also know that transformations in the financial sector have moved too much of the activity out of socially productive investments and into speculative, short-term bets on markets."
"In July, I introduced the âInvesting in our Future Actâ â a bill that would create a tiny tax of 0.005 per cent on wholesale currency transactions, to be invested in key domestic and global priorities, such as fighting disease and climate change mitigation and adaptation abroad and providing affordable child care to families in the United States. The imposition of a small tax is a minor inconvenience to a large financial institution, but is a major step toward meeting our commitments to our children and to impoverished communities around the world."
-Guru
The basic (surprising) tenets of Obama's speech to the UN Assembly today sounded like veiled resistance to increasing monetary commitments for long-term dependant countries.
http://www.whitehouse.gov/the-press...um-development-goals-summit-new-york-new-york
If I were an exploitative robber, the crux of this speech would be very cold comfort.
Still think there's no political stomach for any UN tax take-over. They've been trying to get into sovereign nation pockets for almost two decades, including outer-space governance.
I can't see any government ceding any portion of its sovereign powers to the UN, or agreeing on anything as controversial and risky as some are proposing.
http://www.whitehouse.gov/the-press...um-development-goals-summit-new-york-new-york
If I were an exploitative robber, the crux of this speech would be very cold comfort.
Still think there's no political stomach for any UN tax take-over. They've been trying to get into sovereign nation pockets for almost two decades, including outer-space governance.
I can't see any government ceding any portion of its sovereign powers to the UN, or agreeing on anything as controversial and risky as some are proposing.
An example of vilifying the entire industry with a broad brush. Once it works for one the danger is a groundswell. Dems can feel it slipping away, they will do anything.
Dems try to deflect voter anger toward Wall Street
http://news.yahoo.com/s/ap/20100924/ap_on_bi_ge/us_senate_blame_wall_street
Dems try to deflect voter anger toward Wall Street
http://news.yahoo.com/s/ap/20100924/ap_on_bi_ge/us_senate_blame_wall_street