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

Oh no they're not...

Germany: no plans for fin tax in less than euro zone

BERLIN Feb 4 (Reuters) - Germany is not considering introducing a financial transactions tax at a level smaller than the euro zone, a finance ministry spokesman said on Friday.

Earlier, parliamentary sources said Angela Merkel's German conservative party was mulling such a tax just in Germany, France and Austria, having failed to gain global support

http://www.reuters.com/article/2011/02/04/germany-transaction-tax-denial-idUSBAT00597420110204
 
Christine Lagarde: "The Transaction Tax idea is not dead."

Some of the ideas – especially the proposal for what she calls a "teensy-tiny" tax on each international financial transaction – have already been shot down by market fundamentalists in Britain and the US.

The "transaction tax" idea is not dead, she insists. A group of countries may go ahead in the hope of shaming others." but the real reason for pushing ahead now is the need to raise the $100bn a year promised, from 2020, to help poor countries invest to cope with climate change.

"There are multiple transactions going on every day, at lightning speed ... and that could constitute a very large [tax] base if everyone was to play the game. We could assess a teensy tiny, minute tax... on every transaction."

There was much opposition to the idea, Ms Lagarde admitted, "but we could very well try a coalition of the willing. If it's just France on its own it's going to be difficult, but if it were a larger a number of countries then we could show that it works."

But wouldn't that just mean that traders would shift their operating bases to those countries which did not charge the tax?

"It's possible, it's possible. So we need to explore who is prepared to play the game," she said. "We need to see what public opinion thinks about those that always say 'no, no, no, you've got to leave financial transactions alone'."

http://www.independent.co.uk/news/p...oo-much-testosterone-in-one-room-2206357.html

Wow these idiots need to give up this FTT idea once and for all.

-Guru
 
Quote from listedguru:

Christine Lagarde: "The Transaction Tax idea is not dead."


But wouldn't that just mean that traders would shift their operating bases to those countries which did not charge the tax?

"It's possible, it's possible.



Don't you just love that answer? lol It's possible??? No, it's a God given fact that traders would shift their operating bases to countries that don't charge a FTT. That's why their will 'NEVER' be consensus for a global FTT.
Sounds like goofball Lagarde is trying to organize another global FTT pep rally among the people. She knows the G-20 will tell her to take that FTT idea and stick it up her ass, so she will now try to once again make it a 'public opinion' issue. Of course, we've seen that type of strategy fail every time. Just ask the Robin Hood Tax clowns and all of their celebrity supporters how well that campaign went. lol
More...
 
One day they will have to explain what it is to "help poor countries invest to cope with climate change." ,Then the FTT will really be dead.
 
Quote from RewriteQuran:

1. Abolish income tax.
2. Impose/Increase wealth rax.
3. Impose cash with-holding tax on individual and institutions.
More...

1. Abolish all taxes.
2. Abolish Social Security.
3. Promote self-reliance AND charity.
4. We'd all be better-off.
 
Quote from gm120:

1. Abolish all taxes.
2. Abolish Social Security.
3. Promote self-reliance AND charity.
4. We'd all be better-off.
More...

And abolish all taxes and replace them with fundraisers to see how much true need that there really is instead of trillions being wasted on vapor.


We will have to if the USA has any hope of getting out of debt and competing with countries that have dollar a day wages.
 
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