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

Quote from tomdavis:

http://www.yle.fi/uutiset/news/2012...pports_financial_transaction_tax_3158124.html

Finland’s Finance Minister Jutta Urpilainen: “I hope the tax would be effective over the widest possible geographical area with the participation of several European countries. We need to agree on a tax model that other nations can accept. As a result France would not need to go forward solo on the issue.”

Sounds like Finland's in with France even if it's just a few countries.

A friend of mine who lives in Stockholm says that part of Finland's financial industry will move to Sweden if there's an EZ-FTT. They're already talking about it.

I'm upset with the Finns over this swing. My wife is from Finland and I have plenty of friends and family there. My wife worked for the last great Finnish bank who crashed and burned in the early 1990s. Plenty of Swedish friends too. In general, the Finns and French don't see eye to eye, but Finns follow Germans. Swedes too at times as well. They tend to be anti-American these days, but you can't speak in generalities.
 

Get ready for many more articles like the huffington one pumping up FTT for odumbo, the unions, and occupy slackers going into this election.

Also, please hit the comment section in that huffington piece pointing out how flawed and destructive the FTT is. This is how we win the war with the public, by always rebuffing these socialist demigods articles.
 
I will start referring to FTT as the "FTT Socialist Tax."

FTT is not a "Wall Street Tax", as it mostly falls on the retail investor. This derisive term implies Wall Street is evil, and that is misplaced.

It's not a "Robin Hood Tax", as its not stealing from the rich to redistribute money to the poor. Rather, it lines the pockets of government officials, and supports run-away government spending.

More precisely, FTT is a "Socialist Tax", as it represents the socialist agenda to deflect government reform and austerity measures, and to tax everything in sight, like buying and selling of financial transactions. Socialists want to attack free-market capitalism at its core, and that's independent financial markets.

Name one FTT proponent who isn't a socialist?

I like this line, as Romney rejuvenates American free-market capitalism and liberty, and Europe is the one now teetering with its bankrupt social-welfare state. Before the EU crisis, American capitalism was on the defensive and Europe was the one teaching lessons.

We can't let our opposition be the one labeling the tax, with propaganda names, we must use our own branding too. FTT is meaningless to most people.
 
dutch employer organizations wrote a letter to parliament today announcing an ftt could mean a 10% (!) reduction in dutch worker-pensions. an ftt would hit the netherlands harder than other countries because of the unique system of pensions. dutch pensionfunds themselves announced they have made their own calculations which they'll make public in a few days, but in advance of this already said they agree with the 10%-number.
in holland one after the other organization is coming out against the ftt, refering to well documented evidence, not just rhetoric. several papers have spoken out against the ftt as well. in contrast to other countries, left-wing parties are relatively quiet and not to eager to back it (or if they are, they're quiet about it). all in all, this whole ftt thing is getting loads of bad press right now overhere.
 
Quote from bjw:

well, sarkozy does come to mind.

Stand corrected, I meant in spirit. Sarkozy is trying to win the socialist vote.

Most media and economists supporting FTT are socialist-leaning too.
 
BusinessWeek‎ - 58 minutes ago

Chancellor Angela Merkel said her expression of support for a financial-transaction tax levied among the 17 countries that share the euro was her “personal opinion” and depends on support from her party and coalition.

“My personal opinion is that we could implement such a tax in an emergency circumstance in the euro area,” Merkel told reporters today in Berlin after meeting with Italian Prime Minister Mario Monti.

The fluctuations on there views is crazy, broken record playing in the corner, fading away..
 
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