Bernie Sanders Transaction Tax?

[nooby_mcnoob]

By denying a fuller menu of choice as to what to do with your own wealth.

Interesting perspective!

 

[tommo]

One learns to adapt, might get rid of HFT's and might not, either way trade larger timeframe and make less trades. This might end up being better. Stock options market might become the new day trading tool.

The Dems will stay up late thinking of new ways to tax, one day it will tax the air we breath.

I agree about the adapting thing. But going longer time frames does make a difference i think to the opportunities available. Intraday scalping allows one to turn over their inventory and compound returns. If you go into a draw-down for 15 trades before you make a new equity high in day trading terms that means a day of losing money. In longer term trades it means a monthly draw down which is a big impact on the finances of people that trade for a living.

Also, you mention stock options market, they would be classed as a derivative so same taxes apply.

 

[speedo]

Careful Bernie or Lloyd Blankfein and Jamie Dimon will cut off your allowance.

 

[zdreg]

Any talk about adjusting to a transaction tax is the usual bs, that was posted on Et a few years ago, when there was more talk about a transaction tax.

 

[destriero]

How does the tax force dollars back into retail banking and raise reserves?

McGinnis is a f*cking moron.

Imagine the drop in MMing revenues. Even if it untouchable and used as reserve-capital, the banks would simply ratchet-up the vola to account for the free money. Their global book would drop 10% overnight on lost income from equity trading, but their risk would increase dramatically.

 

[nooby_mcnoob]

McGinnis is a f*cking moron.

Imagine the drop in MMing revenues. Even if it untouchable and used as reserve-capital, the banks would simply ratchet-up the vola to account for the free money. Their global book would drop 10% overnight on lost income from equity trading, but their risk would increase dramatically.

I thought the same about an increase in volatility. Great minds

 

[dozu888]

Steady guys. The politician with zero chance of gaining power can promise whatever he likes because he's never going to be called on to actually deliver.

everybody including Bernie himself (except one group of people) knows he's never gonna be president... his supporters are the saddest group of people..

Bernie's plan really is just to milk the socialist theme until he fades into the sunset... there will always be this % of losers in the society buying the pipe dream that free stuff will fall from the sky, so socialism will always have some audience, but for the foreseeable future never enough % to actually make Bernie the King.

 

[tomorton]

There's two types of socialists - those who haven't got much and think they should be rewarded for this, and those who've got plenty already but can afford the time and effort to exploit the first type without actually working.

 

[tommo]

everybody including Bernie himself (except one group of people) knows he's never gonna be president... his supporters are the saddest group of people..

Bernie's plan really is just to milk the socialist theme until he fades into the sunset... there will always be this % of losers in the society buying the pipe dream that free stuff will fall from the sky, so socialism will always have some audience, but for the foreseeable future never enough % to actually make Bernie the King.

Agree with you in sentiment. The problem is it isn’t going away. It’s more popular than ever. In the U.K. we have former Marxist as shadow chancellor (for the Non Brits that’s who would decide tax rates and spending if the leading opposition party got in power)

Students are actively promoting things like communism (what the hell do they teach in schools?).

Media and films are full of lefty propaganda.

I think there’s a real chance we will experience a more dramatic form of socialism in the West compared to what we have had so far. Hopefully it fails as per usual and we move on.

 

[nooby_mcnoob]