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

[European Central Bank Governing Council member and governor of the Bank of France] Christian Noyer :

Noyer reiterated that the tax on financial transactions proposed by France to fund the fight against global warming would have to be levied in all countries, including non-cooperative ones. "Otherwise, this would lead to a massive shift of financial transactions to tax havens, and I'm not sure this result would be satisfactory."

http://www.automatedtrader.net/real...ma-to-dampen-hot-cap-flows-wo-excess-controls
 
G20 representatives should quickly tire of dictatorial orders such as "not giving priority to national interest" etc.

(Irish Times) Feb 19:-

France has pinpointed agreement on indicators to measure such imbalances as a core aim of its G20 presidency. It is pressing for a stronger role for the International Monetary Fund and a new tax on financial transactions.

Mr Sarkozy urged G20 leaders not to give priority to their national interest. “A strength of the G20 is the co-ordination of economic policy. If we do nothing, global imbalances will again take root.”

He hoped “to avoid debates that get bogged down in interminable discussions” on indicators, diverting leaders from taking critical decisions on economic policy and fulfilling their “duty” to agree co-ordinated measures.
 
Quote from FightTheFuture:

Rep. Pete Stark (D-CA) today introduced H.R. 755, the Investing In Our Future Act, which would levy a fee on currency transactions and use these funds to pay down the deficit, and fund investments in children, global health, and climate change mitigation.

http://www.thestatecolumn.com/state...k-introduces-the-investing-in-our-future-act/
More...



LOL. Good luck getting that one passed comrade Stark. Even DeFazio isn't stupid enough to bother drafting a FTT proposal with a GOP led House. Hell, they couldn't get anywhere with the FTT when the Democrats had supermajorities in Congress. LOL. Typical libertard clown action.
 
Quote from FightTheFuture:

Rep. Pete Stark (D-CA) today introduced H.R. 755, the Investing In Our Future Act, which would levy a fee on currency transactions and use these funds to pay down the deficit, and fund investments in children, global health, and climate change mitigation.

http://www.thestatecolumn.com/state...k-introduces-the-investing-in-our-future-act/
More...

Wow Pete's getting soft in his old age. He went from calling for a .25% FTT on everything under the sun to calling for a .005% on 'just' currency transactions. Well at least he's heading in the right direction (LOL)...

Where is Geithner at? I thought we would see a nice firm no on the FTT from him by now from the G20 meetings. Come on Timmy kill this tax (again) for us:)

-Guru
 
I don't see anything from Geithner either. He might think it best not to say anything, ignore the proponents and let them squeak.

Logically I know I'm wasting my time worrying about it.
 
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