Ex-IBM chief suggests 80% tax on short-term capital gains

Quote from Kassz007:

Some people just don't understand the importance of liquidity.
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There should be a day when all daytraders and algo's refrain from trading and let the "long term" guys try and get out of a trade. Good luck selling buying or selling GOOG with a 380 Bid 400 Offer.
 
Quote from EPrado:

There should be a day when all daytraders and algo's refrain from trading and let the "long term" guys try and get out of a trade. Good luck selling buying or selling GOOG with a 380 Bid 400 Offer.
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Exactly. Could you imagine trying to value your investments when nothing has been bought or sold in 6 months?
 
What else....


This guy pioneered/created the opportunity/sold and banked money by the consulting of major US firms .....outsourcing of the best paying American jobs.....and heavily supports it to this day....


Nice....eh ?


What American would listen to this guy ? In any other country they would call him a traitor....
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The US needs big numbers....


How ? No taxes on any type of securities transactions....and a 10/5 C tax only.....

What is on the table now will shrink everything in sight.....
 
Quote from libertad:

What else....


This guy pioneered/created the opportunity/sold and banked money by the consulting of major US firms .....outsourcing of the best paying American jobs.....and heavily supports it to this day....


Nice....eh ?


What American would listen to this guy ? In any other country they would call him a traitor....
................................................................................
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But this is America. Don't overestimate Americans. You think we are as irritable and easily "ignited" as French farmers? We have a very long fuse.... almost pathetic.

LOL
 
Quote from hoodooman:

good post EP
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Thanks man.

I just don't get these idiots out there who think short term traders are responsible for all the bad things in the market including the meltdown last fall. Not for anything, but if short term traders weren't active last fall, the market would have completely melted. Who the hell do these dopes think were buying into the freefall? All these long term investors would have had to send out search parties to find bids in their holdings they were trying to unload.

I agree that a lot of greedy scumbags on Wall Street deserve to rot in hell, but the problem wasn't the hedge funds/traders out there. Lock up the scum like Angello Mozillo, the guys at the BSC hedge fund, those types.
 
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