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

If Hollande's government is against intra-day stock tax( even with MM exemption ), it means there is no way they would back the broad commission tax. They also don't want the flagship CAC futures and milling wheat to be taxed. The french will defend their( joke of a ) model for sure.
 
This forum started 5 yrs ago and the usa is actually further away from a transaction tax than then. Why would anyone want to screw up the most liquid money machine on earth? With a transaction tax every trader and investor would have to incorporate that tax into there thought process before buying or selling thus destroying liquidty versus now not thinking twice about buying or selling as commissions so low thus maintaining incredible liquidity at all times.stock mkts are the banker to the world so why mess with it for a very small amount of new taxes?
 
Quote from hafez50:

This forum started 5 yrs ago and the usa is actually further away from a transaction tax than then. Why would anyone want to screw up the most liquid money machine on earth? With a transaction tax every trader and investor would have to incorporate that tax into there thought process before buying or selling thus destroying liquidty versus now not thinking twice about buying or selling as commissions so low thus maintaining incredible liquidity at all times.stock mkts are the banker to the world so why mess with it for a very small amount of new taxes?
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Leftists really have very little idea of how market forces work. They typically will consolidate power at all costs, and cutting off their nose to spite their face is a common occurrence with leftist politicians.

They incorrectly believe that central planners can engineer certain social outcomes with little or no unintended consequences, and in a better manner than free markets.
 
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