Biden to end most tax cuts if he wins. This will be intriguing.

[mjf61]

Sure, I'll have to subpoena Baron to remove all my posts... a small price to pay.[/QUOTE]

Noooooooo!

 

[monet]

Brewster Kahle too

 

[tommo]

It never ceases to amaze how many posters do not understand the mathematics of ftt. They think they can beat it. An ftt of .001 1/10th of 1 percent. puts day traders, swing traders and hft traders out of business.

You clearly don’t understand FTT then. It is 0.005% of the notional value of the trade. For most futures contracts that about $10-20 a trade. That’s to get in and get out per contact.

if you can make money paying $40 per round turn per Lot trades good luck to you.

 

[Larry Johnson]

This all ass backwards. The first consideration should be a functioning society for everyone. It all boils down to a "we or me" perspective. We have way to much "me" in place.

 

[zdreg]

"Among Bloomberg’s proposed Wall Street reforms is a 0.1% tax on all financial transactions, including stocks, bonds and payments on derivative contracts."

.1% = .001
001/.00005 = 20 or 20X your number. In the future before posting go back to school and learn math.

 

[Windlesham1]

Sleepy Joe would forget what he set out to do before any.of that happens

Lay off the Koolaid that asshole Trump is raping your country

 

[tommo]

"Among Bloomberg’s proposed Wall Street reforms is a 0.1% tax on all financial transactions, including stocks, bonds and payments on derivative contracts."

.1% = .001
001/.00005 = 20 or 20X your number. In the future before posting go back to school and learn math.

Firstly every proposed FTT I’ve seen has been 0.005% including Sanders proposal

https://www.taxpolicycenter.org/tax...tions-tax-raise-trillions-and-cut-speculation

Secondly you said 20x my number. So 20x worse than the number I mentioned. So you have proven my point that it would destroy short term trading 20 fold

 

[Sig]

Firstly every proposed FTT I’ve seen has been 0.005% including Sanders proposal

https://www.taxpolicycenter.org/tax...tions-tax-raise-trillions-and-cut-speculation

Secondly you said 20x my number. So 20x worse than the number I mentioned. So you have proven my point that it would destroy short term trading 20 fold

Let's be realistic, FTT has zero chance of happening under Biden. It's not even in the top 20 things the far left of the party wants, there are plenty of Democratic senators who won't vote for it (they're not beholden and terrified of Biden like Republicans clearly are of Trump), and Biden personally has zero interest in it. It's a boogyman for the right to throw out is all.

 

[zdreg]

Firstly every proposed FTT I’ve seen has been 0.005% including Sanders proposal.

https://www.taxpolicycenter.org/tax...tions-tax-raise-trillions-and-cut-speculation
I don't have to prove anything. I said it long before your post. Obviously your reading comprehension is subpar. I was talking about stock transactions. Per your article:"His latest proposal would tax stock trades at 0.5 percent " referring to Sanders. Not your .005% for stock transactions.

Accuracy counts.

 

[tommo]

I was talking about futures trading and mentioned “lots” in my original post. You may be new to the market but this is common futures trading terminology and my point that FTT would kill short term day trading in futures still stands. As you say...”accuracy counts” maybe you should heed your own advice.