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

Quote from Explorer:

France:

[...]The 0.1% financial transaction tax proposed by the previous conservative government was expected to net E1.1 billion per year, but now it appears unlikely to meet the target, [Les Echos] said, citing a Finance Ministry source.

A higher tax rate is being considered, but market professionals are already concerned that activity on the Paris stock exchange is likely to suffer as long as no such tax is imposed at the EU level, which the UK opposes. [...]

http://www.english.rfi.fr/france/20120619-french-press-review-19-june-2012

LOL - now this is liberalism at it's best. A terrible tax that doesn't work and is now going to bring in less revenue than expected. The solution? Make the rate higher. This is comical, you can't make this stuff up (LOL)...

-Guru
 
Quote from Lon Eagle:

Hollande has just said the financial transaction tax has been dropped from the G20 communique.

I thought Mexico said it wasn't going to be on the table to begin with (for the G20 meeting)?
 

A good friend of my wife works for a political consulting firm. She said the unions are making a full-court press on this issue. They're telling political candidates they must promise to support the FTT to get union support. It's what they call a "money-and-votes" issue.

We need to launch a counter-offensive today and keep it going through the November elections. If we sit on our asses and do nothing the FTT will gain support in Congress -- which it doesn't have now, but that could change quickly if we don't take action. We have to go on the record and back it up with research.

Send emails to all your congressional representatives telling them research shows the FTT is a bad idea. Include a link to the website: http://financialtransactiontaxes.com/ which includes over forty references and clearly explains why the FTT won't raise much revenue and how it hurts ordinary working men and women. The FTT isn't a tax on Wall Street, it's a tax on main street.

http://financialtransactiontaxes.com/

It's easy to do. Every congressional representative has a website and email. It only takes a few minutes. Do it today and continue to send emails once a month from now until the elections. Get friends and relatives to do the same.

Also, contact your brokers, accountants, etc. and educate them. Let them know about the website.
 
Quote from listedguru:

I thought Mexico said it wasn't going to be on the table to begin with (for the G20 meeting)?

Either way it is really good news.
The rest of the world dont want to waste any more time with it.
Many real and serious things to discuss.
 
Quote from tomdavis:


We need to launch a counter-offensive today and keep it going through the November elections.

Does anyone have any technical knowledge on the historical reliability of the Rasmussen daily Presidential Tracking Poll? At this stage, is the 48% Romney 44% Obama a potential swing indicator?
 
Quote from andohmeeta:

Quote from tomdavis:


We need to launch a counter-offensive today and keep it going through the November elections.

Does anyone have any technical knowledge on the historical reliability of the Rasmussen daily Presidential Tracking Poll? At this stage, is the 48% Romney 44% Obama a potential swing indicator?

intrade.com is more reliable IMO. It's a real stock market with real $$. Unfortunately, it has 53% chance odumbo gets elected and 42% Romney does. But, obumbo stock has been trending down the last few months.
 
Quote from Lon Eagle:

Hollande has just said the financial transaction tax has been dropped from the G20 communique.
Off all politicians the uber-lefty is calling it off?
Why?

any link?
 
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