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

[Explorer]

(google translation)

According to a survey says the majority of the Germans against the introduction of a financial transaction tax (FTT), if this would also make the private investors.

The majority of Germans rejected the introduction of a financial transaction tax (FTT), if they had to pay private investors. The result of a representative survey by TNS on behalf of the German fund association BVI. Accordingly, 78 percent of 1,000 respondents nationwide against an FTT. Less than 19 percent accept a FTT if she would meet the savers. Only three percent of respondents had no opinion.

"Once people understand the effect of a tax on financial transactions, a large majority rejects this tax from," said Thomas Judge, CEO of the BVI.

http://www.fondsprofessionell.at/ne...ionssteuer-fuer-private-ab/gid/1010265/ref/4/

 

[TraDaToR]

Germans are bright. You would do the same in France or Italy, you would have 78% for it, even if they end up paying it...LOL.

 

[TraDaToR]

http://www.firstpost.com/economy/co...-from-1-july-all-you-need-to-know-890985.html

 

[TraDaToR]

http://www.tax-news.com/news/City_Fears_Rise_Over_Financial_Transaction_Tax____61129.html

 

[TraDaToR]

http://www.efinancialnews.com/story/2013-06-19/italians-delay-derivatives-and-hft-tax

What a shame. This would have simply shut Milan Futures Exchange and created a precedent.

 

[piezoe]

Quote from hoffmanw:

Do you know how much FFT cost you? Every trade will cost you anywhere from 0.5% to 1.0% on FFT. For your next 100 trades, you will lose 60% of your trading capital before making any profit. Just to breakeven, you have to make at least 60% profit every year. For short term investors, they are hurting as well. It will cost them 20% of investment capital every year. At this rate, most of them will lose all their investing money in couple years just on FFT alone. When this taxed was introduced in Sweden, their markets volume dropped 90%. Most Swedish traders and investors knew they would go out of business in several years if they didn't offshore their investments.

What you are talking about is unrelated to what I have favor and have suggested.

 

[TraDaToR]

http://www.nasdaq.com/article/eu-fi...o-be-delayed-at-least-6-months-20130625-00047

 

[TraDaToR]

Traitors.

http://www.4-traders.com/GBST-HOLDI...-interfaces-to-SIX-Financial-Inform-17049425/

 

[sheda]

Anything for a buck..

 

[zdreg]

Quote from hoffmanw:

Do you know how much FFT cost you? Every trade will cost you anywhere from 0.5% to 1.0% on FFT. For your next 100 trades, you will lose 60% of your trading capital before making any profit. Just to breakeven, you have to make at least 60% profit every year. For short term investors, they are hurting as well. It will cost them 20% of investment capital every year. At this rate, most of them will lose all their investing money in couple years just on FFT alone. When this taxed was introduced in Sweden, their markets volume dropped 90%. Most Swedish traders and investors knew they would go out of business in several years if they didn't offshore their investments.

Quote from piezoe:

What you are talking about is unrelated to what I have favor and have suggested.

your response is lacking to put it mildly.
provide proof.