1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Of course, but it simply didn't happen with NFA fees, SEC fees... There is quite a long road from 6c to 10$...
It's just refreshing to see a proposal that wouldn't cause Financial armaggedon, I don't say I want a CFTC fee...
Also here it is a tax to fund something, there is a clear link between the needs of CFTC and the tax, not a punitive tax they don't even know what they will do with( national budgets? Eurobudget? or even more stupid stuff like AIDS or climate change ...)
It's just refreshing to see a proposal that wouldn't cause Financial armaggedon, I don't say I want a CFTC fee...Also here it is a tax to fund something, there is a clear link between the needs of CFTC and the tax, not a punitive tax they don't even know what they will do with( national budgets? Eurobudget? or even more stupid stuff like AIDS or climate change ...)
Quote from TraDaToR:
Of course, but it simply didn't happen with NFA fees, SEC fees... There is quite a long road from 6c to 10$...
Also here it is a tax to fund something, there is a clear link between the needs of CFTC and the tax, not a punitive tax they don't even know what they will do with( national budgets? Eurobudget? or even more stupid stuff like AIDS or climate change ...)
You're probably right. I think I'm becoming paranoid
yes, we are all slowly being turned. A transaction tax to pay for oversight. Pay as you go.
At one time in my life I was highly involved in the trucking industry. That's how they sold the fuel tax.
It was a bitch, but it didn't kill us.
The only thing is, I'm not so sure we need much more CFTC oversight.
Chilton is a parasite who wants more of your money, just like they all do. And they get it .006 at a time
At one time in my life I was highly involved in the trucking industry. That's how they sold the fuel tax.
It was a bitch, but it didn't kill us.
The only thing is, I'm not so sure we need much more CFTC oversight.
Chilton is a parasite who wants more of your money, just like they all do. And they get it .006 at a time
(google translation)
German Finance Minister Wolfgang Schaeuble does not expect a quick introduction of the controversial financial transaction tax in the majority of euro countries. "The is not so fast," Schaeuble said on Friday in Ulm. Things are complicated.
He would not mind to introduce the new tax quickly. "I'm concerned they can come immediately," said the minister. He pointed back at the same time the criticism that there is to be the first release only in a few countries. They just wanted to introduce global, it would never do so, he said.
http://wirtschaftsblatt.at/home/nac...nanztransaktionssteuer-kommt-nicht-so-schnell
German Finance Minister Wolfgang Schaeuble does not expect a quick introduction of the controversial financial transaction tax in the majority of euro countries. "The is not so fast," Schaeuble said on Friday in Ulm. Things are complicated.
He would not mind to introduce the new tax quickly. "I'm concerned they can come immediately," said the minister. He pointed back at the same time the criticism that there is to be the first release only in a few countries. They just wanted to introduce global, it would never do so, he said.
http://wirtschaftsblatt.at/home/nac...nanztransaktionssteuer-kommt-nicht-so-schnell
Many opponents of HFT came to realization that HFT is new market maker for all practical purposes and they hesitate to target HFT directly.
Yes HFT player does not have the same obligation as MM but they keep forgetting that in 1987 crash MM did not pick up phones either.
I doubt that HFT or big dealer banks will be directly taxed but per transaction fee is better than per value traded and if sold as anti HFT measure Robin Hoods would finally go home.
