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

here is an example of market efficiency. an actively traded stock today near $1.00 has a very narrow spread. spread is not a penny. the spread is not 1/10 of a penny. the spread is 1/100 of a penny or .0001. if there is a ftt the spread will widen tremendously.
 
Quote from seasideheights:

EU Tax Chief says US Ready to Discuss Financial Transaction Tax
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WTF? Anyone have color on this? Cameron says no but suddenly the US is ready to talk? I'm not buying it.

-Guru
 
Quote from Explorer:

http://europa.eu/rapid/pressRelease...format=HTML&aged=0&language=EN&guiLanguage=en
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"At global level, the Commission supports further exploration and development of a Financial Transaction Tax. We will work with the French Presidency of the G-20 in order to promote an agreement with the most relevant international partners. I personally raised the issue with the US treasury in Washington in December, and found a readiness amongst my US counterparts to discuss further once they have seen the results of our forthcoming Impact Assessment."

I can't believe that he's referring to Geithner as being more welcome to discussing a FTT? I just can't see the US Treasury supporting a FTT. Hopefully this forthcoming Impact Assessment will be the nail in the coffin of the FTT once and for all.

-Guru



-Guru
 
Why would the US do all these efforts to propose an alternative with the bank tax and defend it tooth and nails to finally give up and join europeans?

Trade while it is still possible....:(
 
Quote from TraDaToR:

Why would the US do all these efforts to propose an alternative with the bank tax and defend it tooth and nails to finally give up and join europeans?

Trade while it is still possible....:(
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I agree. Something smells fishy here to me.

-Guru
 
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