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

Europe is DOOOMMMEEEDDDDDDD!!!!!!!!!!!!!!

Study history folks, the world is riddled with civilizations that collapsed due to socialists agenda's out of control, then taxing the hell out the people. The financial markets will disappear in the EU. There are MANY anti-FTT Country's that are loving this right now.
 
Maybe they are even as stupid as Sweden in the 80s and won't exclude government bonds from the transaction tax.

I wonder how the already struggling European countries would cope with a collapse of the goverment bond market? :D
 
While I never wanted to see this agenda pushed anywhere, I am somewhat going to like to see how the EU markets get wiped out and all the liberal socialists fail and then repeal the FTT and now we have to wait another generation before people try this again.....they never learn about history....seems to repeat every 30-40 years.
 
France and Germany have been pushing for a European FTT for some time, and Germany admitted not long ago that they could not even get a majority from other EU countries (and they need unanimity). I don't see this as news unless there is something we don't know about.
 
Every one calm the fuck down:D If they impose it it will be in Germany and France, using some legal EU frame work to bring about laws only in the EU member states who agree.
 
Quote from Stok:

While I never wanted to see this agenda pushed anywhere, I am somewhat going to like to see how the EU markets get wiped out and all the liberal socialists fail and then repeal the FTT and now we have to wait another generation before people try this again.....they never learn about history....seems to repeat every 30-40 years.
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The problem is if they do it, and trading volume flees Europe as expected, then Europe convinces everyone else to do it too.
 
Quote from Explorer:

France and Germany have been pushing for a European FTT for some time, and Germany admitted not long ago that they could not even get a majority from other EU countries (and they need unanimity). I don't see this as news unless there is something we don't know about.
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Yes this is quite interesting. Wasn't it not so long ago that the German parliament voted this down?

I agree we need more color on this. Is this just a speeding up of the European Commission's proposal that was forthcoming later this year? Or are Germany and France going to go it alone so to speak?

We need some more details.

-Guru
 
It sounds like Germany and France are going to propose an FTT to the other EU member nations next month:

http://news.xin.msn.com/en/business/article.aspx?cp-documentid=5166860

"The German and French finance ministers will put a joint proposition for a tax on financial transactions on the table of European institutions from next month, September," Sarkozy told reporters.

I would assume this would still require all EU member nations to agree to it (fat chance). To me it doesn't sound like Germany and France would go it alone unless they somehow decided to after this FTT proposal gets flat out rejected by the entire EU...

Time for the UK to come out and say no way:)

-Guru
 
Quote from opt789:

The problem is if they do it, and trading volume flees Europe as expected, then Europe convinces everyone else to do it too.
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fresh financial no man's land Europe convincing countries that profited from its fleeing capital to do it too???:confused:
 
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