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

Quote from tortoise:

Just posted Bill Nighy-from-Cannes double feature at:

http://financialtransactiontaxes.com/Financial-Transaction-Tax-FTT-News.html

It is quite an entertaining site already, but I agree with others that you are giving Bill Nighy too much free publicity and need to clarify the message to the reader.

The problem is, actors such as Nighy are trained to tell lies on a daily basis without batting an eyelid, they've always got a soundbite ready if they're are losing a debate, or they can tell a joke to turn the listener to their side. Actually, I quite enjoy watching Bill Nighy as an actor, the same for Ewan McGregor, the problem is not that they are bad people (or high on drugs), the problem is that they are giving us poor economic advice. Sarkozy, Van Rumpuy, Barroso and Merkel are better targets IMHO because it is harder to warm to such people.

tom makes some great points. Most of us here are pro market, right leaning or libertarian types, but these are not the people who we should be trying to win over. It is true that Sweden and Canada are getting a lot of plaudits right now for their "mixed" economic model.

Left leaning Sweden was "ahead of its time" when they tried it, so by presenting the key details of their negative experience you are giving the left a reason to backtrack and say, "I'm still against unbridled free market capitalism, FTT sounds good in theory, but in practice it would probably be a disaster and hurt pensioners and the ordinary saver, not the banks...perhaps I should change my mind.."

We need to win over the centre and centre-left ground politically by showing that it hurts ordinary hard working families, and crucially dispel the falsehood that banks will be adversely effected.
 
The Swedish Financecommite of the Representativehouse said today a firm no to any FTT. The discussion was not so much about the FTT, more about that EU has no rigtht to make any
taxlaw for a single country within the EU. So the FTT is dead in Sweden now.
 
Quote from kalinka:

The Swedish Financecommite of the Representativehouse said today a firm no to any FTT. The discussion was not so much about the FTT, more about that EU has no rigtht to make any
taxlaw for a single country within the EU. So the FTT is dead in Sweden now.

Thanks for posting this information. It's very important. Do you have a source article for this? Even if it's in Swedish, that's okay.
 
Quote from benwm:

It is quite an entertaining site already, but I agree with others that you are giving Bill Nighy too much free publicity and need to clarify the message to the reader.

The problem is, actors such as Nighy are trained to tell lies on a daily basis without batting an eyelid, they've always got a soundbite ready if they're are losing a debate, or they can tell a joke to turn the listener to their side. Actually, I quite enjoy watching Bill Nighy as an actor, the same for Ewan McGregor, the problem is not that they are bad people (or high on drugs), the problem is that they are giving us poor economic advice. Sarkozy, Van Rumpuy, Barroso and Merkel are better targets IMHO because it is harder to warm to such people.

tom makes some great points. Most of us here are pro market, right leaning or libertarian types, but these are not the people who we should be trying to win over. It is true that Sweden and Canada are getting a lot of plaudits right now for their "mixed" economic model.

Left leaning Sweden was "ahead of its time" when they tried it, so by presenting the key details of their negative experience you are giving the left a reason to backtrack and say, "I'm still against unbridled free market capitalism, FTT sounds good in theory, but in practice it would probably be a disaster and hurt pensioners and the ordinary saver, not the banks...perhaps I should change my mind.."

We need to win over the centre and centre-left ground politically by showing that it hurts ordinary hard working families, and crucially dispel the falsehood that banks will be adversely effected.


You're right. While there is a method to my madness, I don't have the surrounding material ready so who cares what's in my head. Besides, the Nighy stuff doesn't belong on the news page...for the simple reason that it's not news; it's propaganda.

Bottom line--the Nighy stuff will be gone within the hour. Many thanks
 
Quote from tomdavis:

Thanks for posting this information. It's very important. Do you have a source article for this? Even if it's in Swedish, that's okay.


I've been looking myself. Even emailed a Swedish cousin who works in finance in Stockholm...
 
From last weeks FT (Did anyone catch the TV debate mentioned?):

Britain has launched a blunt attack on the “fanciful” Franco-German push for a financial transaction tax, amid signs of waning support for the measure both inside and outside the eurozone.
A heated debate between European Union finance ministers, broadcast on live television, laid bare the divisions over the Brussels proposal and potentially brought forward the date when eurozone ministers must decide whether to implement the tax alone.

...

Several non-eurozone countries expressed strong opposition, including Britain, Denmark, Sweden, the Czech Republic, Romania and Bulgaria. Some in the currency bloc – including the Netherlands, Italy, Ireland and Finland – also openly expressed reservations, particularly if the measure was not adopted by all 27 member states.
Summing up the “frank” discussion, Jacek Rostowski, Polish finance minister, said: “It was evident that there is quite a divergence of opinion between the member states, not only between the 27 [EU members] but within the eurozone as well.”
Mr Osborne seized on the waning support for the measure to call for an immediate vote on the measures, which need unanimity to be passed given the amount of dissent. His move attempted to call the bluff of those countries that are arguing they will press ahead regardless.

http://www.ft.com/cms/s/0/9adeec5a-0a2f-11e1-92b5-00144feabdc0.html#axzz1dvMWGHw4
 
Quote from Businessman:

Did anyone catch the TV debate mentioned?

I think someone posted it earlier in the thread, sorry I couldn't find the exact page, but there was a clip of Osborne
 
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