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

PS, I wrote a scathing blog against Goldman and flip flopped on earlier blogs in support of Wall Street. My first thought was for all traders to stick together, to fend off populist attacks on traders (big and small), including a threat of FTT.

Now, I agree with others who decoupled small-business traders from Goldman to begin with. Taxpayers, Main Street and others should get their money back directly from Goldman, not from independent traders.

Check it out at http://blogs.forbes.com/greatspeculations/2011/05/18/its-getting-harder-to-defend-goldman-sachs/
 
Mr. Green,

I agree with you in principle, but independent/small-business traders will not be spared if the taxers get their way. If any type of financial tax is implemented, it will be on all of us. We must fight all financial industry taxes in every manner possible.

Best regards,

Tom

Quote from Robert A. Green:

PS, I wrote a scathing blog against Goldman and flip flopped on earlier blogs in support of Wall Street. My first thought was for all traders to stick together, to fend off populist attacks on traders (big and small), including a threat of FTT.

Now, I agree with others who decoupled small-business traders from Goldman to begin with. Taxpayers, Main Street and others should get their money back directly from Goldman, not from independent traders.

Check it out at http://blogs.forbes.com/greatspeculations/2011/05/18/its-getting-harder-to-defend-goldman-sachs/
More...
 
Quote from Robert A. Green:

PS, I wrote a scathing blog against Goldman and flip flopped on earlier blogs in support of Wall Street. My first thought was for all traders to stick together, to fend off populist attacks on traders (big and small), including a threat of FTT.

Now, I agree with others who decoupled small-business traders from Goldman to begin with. Taxpayers, Main Street and others should get their money back directly from Goldman, not from independent traders.

Check it out at http://blogs.forbes.com/greatspeculations/2011/05/18/its-getting-harder-to-defend-goldman-sachs/
More...

That's a well-written piece. Thanks for posting.
 
Quote from Robert A. Green:

PS, I wrote a scathing blog against Goldman and flip flopped on earlier blogs in support of Wall Street. My first thought was for all traders to stick together, to fend off populist attacks on traders (big and small), including a threat of FTT.

Now, I agree with others who decoupled small-business traders from Goldman to begin with. Taxpayers, Main Street and others should get their money back directly from Goldman, not from independent traders.

Check it out at http://blogs.forbes.com/greatspeculations/2011/05/18/its-getting-harder-to-defend-goldman-sachs/
More...


your comments are late.
zdreg

as for posters like listed guru and his ilk who have pilloried me from time to time you will will wake up after the tax has passed.


let's not forget the idiots on this thread who say they WILL train cfds. these are people who can't trade themselves out of a shoe box.
we may get lucky if the US has an new president. don't count on it.

Registered: Oct 2003
Posts: 5922



01-10-11 06:04 PM
whatever golden slax wants that is the way it will turn out. don't believe for 1 sec. that your interests and that of GS are the same. if FTT is passed GS will get mostly exempted and the public will end up paying the tax just as in the UK. of course the big hedge funds will find away around it just like in the UK.

zdreg

Registered: Oct 2003
Posts: 5923



01-12-11 05:47 PM
"And higher taxes, as the government tries to save its own skin by producing revenue any way it can"

http://finance.yahoo.com/tech-ticke...5.html?tickers=^tnx,tlt,tbt,^dji,^gspc

http://snipurl.com/1try2f

be vigil as golden slax sells traders down the drain.
 
Quote from listedguru:

All of the IMF studies that were recently done said a FTT was no good so now they are conduct new studies in favor of an ftt with a pro FTT person at the helm?
More...

We have to assume that she read the IMF reports, and yet not only did she continue pushing for FTT after the reports were released, but she took the next step of suggesting EU should "go it alone". Since she disregarded the reports, there's no reason to think she'll call for new ones, but there's every reason to think she'll keep promoting FTT after assuming her new position. Looks like this thread will be alive and well in 2012 and beyond.
 
In current circumstances, common sense should dictate that to restore IMF credibility, a 100% clean-skin should be selected.

http://www.guardian.co.uk/world/2011/may/11/christine-lagarde-invetigation-bernard-tapie

Already one contender pulled out of the IMF race, the implied reason a minor past indiscretion. The slightest hint of a "teensy tiny" past indiscretion could become the IMF's self-inflicted new worst (media) nightmare and its already under way.
There's two organisations guaranteed to disagree on most everything :- IMF and G20 - G20 widely regarded as unwieldy and unworkable.
 
A financial transaction tax is a tax that is generally placed on a specific type of financial transaction for a specific purpose. It is a badly designed and it will definitely hurt some middle class tax payers.
 
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