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

Great - now not only do we have people educated and experienced in education trying to be finance ministers of entire nations, we also have people on trading boards who think taxing them selves out of a job and giving that revenue to external organizations will address there national debt issue.

Humpy this thread isent the place for it.
 
Quote from sheda:

Finland ~ Minister for Finance:




WHY???????????????????????????????????????????????????
More...

Why?

The ugly truth is that their is an almost pathological disregard for anything 'business' in Europe.

This is maybe also one of the reasons that most politicians in Europe are either lawyers, teachers or - the worst of all - never held ANY real job outside of politics. Of the upcoming generation of politicians over here, most actually fall in the latter category. It's absurd.

You wouldn't believe how much bad press Mitt Romney gets in Europe alone because of the fact that he is a business man.

Amercians, listen up... if you think your politicians are bad, look to Europe. European voters are in love with gross incompetence and ignorance. :D
 
So what is the future of trading after the tax is introduced? Any educated guess how the trading will evolve in terms of where it will occur, what will be traded etc. Do traders just decide to go fishing and that's all? Question seems highly hypothetical but this much noise about it is not accidental and there is high probability of FTT actually being introduced in multiple jurisdictions including the US in one form or another.
 
Quote from vicirek:

So what is the future of trading after the tax is introduced? Any educated guess how the trading will evolve in terms of where it will occur, what will be traded etc. Do traders just decide to go fishing and that's all? Question seems highly hypothetical but this much noise about it is not accidental and there is high probability of FTT actually being introduced in multiple jurisdictions including the US in one form or another.
More...

In an FTT world, banks and other insiders would own it all. Ma and Pa trader/investor would be history.

Quite the irony.
 
Any country that introduces the tax will drive their financial businesses away. How can some politicians be so stupid ? Mainly left wing nutters imho.. They are a throwback to the bad old days of Communism, Soviet style.
Let's hope the people don't vote for such lunacies., but don't hold yer breath as they say. The affairs of State are in the hands of the herd which swings wildly around and about.
 
You must log in or register to reply here.
Back
Top