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

Quote from jackpearson:

This talk from Merkel that there's disagreement within her own government is new to me.

She's been screaming at others to adopt it & she can't even do it herself.

Idiot.
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That's the reason why she was screaming so hard. She knew, that if she couldn't persuade all other EU countries, she also would fail because of the resistance from her coalition partner.
 
Quote from jackpearson:

another private USA study.


http://www.enewspf.com/opinion/anal...revenue-potential-from-a-wall-street-tax.html

that's a PR from those nurses again.
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"A tax of .5, such as favored by NNU and presently in place on stock trades in the U.K., would generate as much as 17 times more revenue as the .03 tax included in the Harkin-DeFazio bill."

.03 * 17 = .51

The guys who wrote that study must be financial geniuses! The revenue scales linearly with the tax rate? LOL

Once again ...UK stamp tax is mentioned with not a word about the exemptions.
 
Quote from BA_Trader:

"A tax of .5, such as favored by NNU and presently in place on stock trades in the U.K., would generate as much as 17 times more revenue as the .03 tax included in the Harkin-DeFazio bill."

.03 * 17 = .51

The guys who wrote that study must be financial geniuses! The revenue scales linearly with the tax rate? LOL

Once again ...UK stamp tax is mentioned with not a word about the exemptions.
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The unions are pushing hard for pro-FTT studies at universities across the US in an attempt to overwhelm political candidates in the November 2012 election. Their goal is to make the FTT a "money-and-votes" issue. They've even targeted candidates for "conversion" and are going to get them to change their positions or withhold funds or even fund opposing candidates in some cases. Senator Kirsten Gillibrand (D-NY) is high on their list as are other democrats who need union money and votes to win.

The 2012 elections are going to be critical for the FTT in the US.
 
Last week Sarkozy's rudely demanding the UK Prime Minister take his orders, then ignorantly refusing to shake his hand. This week he's overtly subservient to the unions. So this crackpot would say or do anything to curry election favour. Manipulative little nematode.

Sarkozy on financial transactions tax -

"We'll get the chance to talk about more, notably at the end of January when I present to the French people the conclusions of the summit on the crisis, and after I meet with unions on January 18, BECAUSE I WILL NOT TAKE ANY DECISION WITHOUT FIRST HEARING WHAT THE UNIONS HAVE TO SAY."

If his pre-election opportunistic tactics were not so damned transparent, the more prudent of his global peers would surely have to be wondering by now if the little fool is seriously in need of psychiatric assessment.
 
Quote from andohmeeta:

Last week Sarkozy's rudely demanding the UK Prime Minister take his orders, then ignorantly refusing to shake his hand. This week he's overtly subservient to the unions. So this crackpot would say or do anything to curry election favour. Manipulative little nematode.

Sarkozy on financial transactions tax -

"We'll get the chance to talk about more, notably at the end of January when I present to the French people the conclusions of the summit on the crisis, and after I meet with unions on January 18, BECAUSE I WILL NOT TAKE ANY DECISION WITHOUT FIRST HEARING WHAT THE UNIONS HAVE TO SAY."

If his pre-election opportunistic tactics were not so damned transparent, the more prudent of his global peers would surely have to be wondering by now if the little fool is seriously in need of psychiatric assessment.
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Remember odumbo and the dems are union puppets here in the States.
 
Quote from Stok:

Remember odumbo and the dems are union puppets here in the States.
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Despite your unions, I think BO's a very different personality case from the S & M nutters. His interminable electioneering is shallow and annoying, but I doubt he would (against seriously informed policy advice) do something as "bold" and predictably economically destructive as the FTT. He appears to be characteristically more circumspect than the EU cabal and for other instinctive inter-governmental reasons, I suspect the FTT is not on their agenda.

Hopefully these thoughts prove correct.
 
Jan 10 (Reuters) - France is seeking to target bonds and derivatives, as well as stocks, with a planned new tax on financial transactions, Finance Minister Francois Baroin said on Tuesday.

President Nicolas Sarkozy's government is keen to push ahead with a so-called "Tobin tax" even without its European Union partners, but the daily Le Monde reported on Monday that such a tax could be limited to the purchase of shares.

"We want it to be broad -- stocks, bonds and derivatives."

http://www.reuters.com/article/2012/01/10/france-tax-idUSP6E7NE00E20120110
 
http://www.net-tribune.de/nt/node/9...rkel-Stimmen-fuer-Finanztransaktionssteuer-an :(

Google translation:

Left offers Merkel votes for financial transaction tax

Berlin - The Left demanded that Chancellor Angela Merkel (CDU) to implement their plans for a financial transactions tax, even against the resistance of the FDP. All other parties in parliament would be taken for such tax and the Left "vote for the introduction" in parliament, the party chairman Gesine Lötzsch said on Tuesday in Berlin. "Merkel should represent the interests of the country before the coalition of peace," she demanded.

Merkel had said on Monday, seeking to introduce a tax on stock market transactions, if necessary, even in the euro-zone the 17 states. FDP leader and Vice-Chancellor Philipp Rösler, however, insists that all EU countries must participate. If Merkel waive the enforcement of the tax, "then it makes Germany and Europe a hostage of a party is in liquidation," warned Lötzsch.
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