Couple of my Comment posts today.
OWS Robin Hood Tax on adbusters.
Plus, my OWS Forbes blog with FTT flag raising by OWS
I wrote on adbusters: anonymous
In your rush to be Robin Hood, is it okay to rob from your Dad too? While youâve been protesting on Wall Street, your Dad probably lost his job as an IT worker, replaced by computers and someone much cheaper in India.
Trying to survive, your Dad learned how to become a day trader, a market-maker to the global financial markets. He watches CNBC all day and uses incredible hardware and software to trade over the Internet.
Are you going to be sorry that your efforts to pass a Robin Hood Tax on trading of all sorts will get your Dad fired or put out of business? If not Dad, itâs probably a brother, a sister or cousin. Too bad Dad canât qualify for unemployment this time, as he did not leave a paying salaried job.
Maybe, after you destroy Wall Street, and other financial markets, including messing up prices for farmers and putting them out of business too, you can create some jobs for yourself, youâre Dad and your local farmer too.
Do you sincerely want to destroy jobs, the markets and the economy? Or do you sincerely want to work?
===================
I also got a little tough and personal on my Forbes blog on OWS Comment section, where FTT became a big thing in the comments. http://www.forbes.com/sites/greatsp...py-wall-street-occupy-silicon-valley-instead/
See the last exchange this afternoon with a pro-FTT guy vinson. The FTT pushers are being sarcastic and they think it's academic and helps the poor. They don't see the personal destruction they are being careless with.
I think we should mention that FTT pushers relish the idea of firing hundreds of thousands of Main Street small mom and pop traders. Make it personal and show them as heartless, plus of course how they are wrong on their arguments too.
My comment was:
Vinson, thanks for your comments. Appreciate the sarcasm, itâs funny. I reply in the manner you set forth.
Several respected studies by the IMF and other organizations have studied FTT and found that it would increase volatility, rather than reduce it as your quoted academic-tower professor suggests. I know itâs counter-intuitive for some to understand. Has your professor ever worked in the markets?
You, Dean Baker and other FTT-proponents relish the idea of firing hundreds of thousands of traders from their jobs and businesses. Many traders that we deal with have been laid-off, fired or forced into early retirement. Others started trading out of school to hire themselves as an entrepreneur because jobs werenât open. Trading and financial services have been one remaining bastion of work for many in America.
You and others are heartless to those desperate to make a living for their families. Traders live and work on Main Street, not Wall Street. They include laid-off teachers, firefighters, postal workers, nurses, doctors, accountants, airline pilots, IT professionals, mortgage brokers, real estate agents, construction workers and contractors, and others from all walks of life. Pedigree traders leaving Wall Street to trade are 1 in 100 of new traders that we deal with.
First, companies moved their jobs offshore, next they invested in machines and computers to do their jobs, and now you and your friends want to fire them from trading. Plus, your actions will harm the economy too, so how can you justify this error of yours? Does it feel good firing people?
Traders provide liquidity to the markets. Your FTT will kill them off, kill the markets and good luck to PIIGS debt and other troubled securities when traders arenât there to buy when you want to sell, sell, sell.
Disrespecting traders, disrespects finance, which disrespects business and markets. Social, as in socially useful, means connectivity and what connects us all together more than money? Please donât fire everyone that does not suit your socialist agenda! Traders are the canary in the coal mine.
Last point, there wonât be FTT revenues of any consequence, because you will kill off the industry. Plus, you will serious hurt capital gains taxes, income taxes, and payroll taxes too.
FTT is heartless; itâs punishing, controlling, vindictive and counter-productive.
OWS Robin Hood Tax on adbusters.
Plus, my OWS Forbes blog with FTT flag raising by OWS
I wrote on adbusters: anonymous
In your rush to be Robin Hood, is it okay to rob from your Dad too? While youâve been protesting on Wall Street, your Dad probably lost his job as an IT worker, replaced by computers and someone much cheaper in India.
Trying to survive, your Dad learned how to become a day trader, a market-maker to the global financial markets. He watches CNBC all day and uses incredible hardware and software to trade over the Internet.
Are you going to be sorry that your efforts to pass a Robin Hood Tax on trading of all sorts will get your Dad fired or put out of business? If not Dad, itâs probably a brother, a sister or cousin. Too bad Dad canât qualify for unemployment this time, as he did not leave a paying salaried job.
Maybe, after you destroy Wall Street, and other financial markets, including messing up prices for farmers and putting them out of business too, you can create some jobs for yourself, youâre Dad and your local farmer too.
Do you sincerely want to destroy jobs, the markets and the economy? Or do you sincerely want to work?
===================
I also got a little tough and personal on my Forbes blog on OWS Comment section, where FTT became a big thing in the comments. http://www.forbes.com/sites/greatsp...py-wall-street-occupy-silicon-valley-instead/
See the last exchange this afternoon with a pro-FTT guy vinson. The FTT pushers are being sarcastic and they think it's academic and helps the poor. They don't see the personal destruction they are being careless with.
I think we should mention that FTT pushers relish the idea of firing hundreds of thousands of Main Street small mom and pop traders. Make it personal and show them as heartless, plus of course how they are wrong on their arguments too.
My comment was:
Vinson, thanks for your comments. Appreciate the sarcasm, itâs funny. I reply in the manner you set forth.
Several respected studies by the IMF and other organizations have studied FTT and found that it would increase volatility, rather than reduce it as your quoted academic-tower professor suggests. I know itâs counter-intuitive for some to understand. Has your professor ever worked in the markets?
You, Dean Baker and other FTT-proponents relish the idea of firing hundreds of thousands of traders from their jobs and businesses. Many traders that we deal with have been laid-off, fired or forced into early retirement. Others started trading out of school to hire themselves as an entrepreneur because jobs werenât open. Trading and financial services have been one remaining bastion of work for many in America.
You and others are heartless to those desperate to make a living for their families. Traders live and work on Main Street, not Wall Street. They include laid-off teachers, firefighters, postal workers, nurses, doctors, accountants, airline pilots, IT professionals, mortgage brokers, real estate agents, construction workers and contractors, and others from all walks of life. Pedigree traders leaving Wall Street to trade are 1 in 100 of new traders that we deal with.
First, companies moved their jobs offshore, next they invested in machines and computers to do their jobs, and now you and your friends want to fire them from trading. Plus, your actions will harm the economy too, so how can you justify this error of yours? Does it feel good firing people?
Traders provide liquidity to the markets. Your FTT will kill them off, kill the markets and good luck to PIIGS debt and other troubled securities when traders arenât there to buy when you want to sell, sell, sell.
Disrespecting traders, disrespects finance, which disrespects business and markets. Social, as in socially useful, means connectivity and what connects us all together more than money? Please donât fire everyone that does not suit your socialist agenda! Traders are the canary in the coal mine.
Last point, there wonât be FTT revenues of any consequence, because you will kill off the industry. Plus, you will serious hurt capital gains taxes, income taxes, and payroll taxes too.
FTT is heartless; itâs punishing, controlling, vindictive and counter-productive.
