Providing politicians with another new source of revenue, at any level, is a stupid idea. They haven't proven they know what to do with what they've already got. It will come out of your pocket and go down a deep dark hole.
financial transaction tax is on the table for real
- Thread starter zdreg
- Start date
Providing politicians with another new source of revenue, at any level, is a stupid idea. They haven't proven they know what to do with what they've already got. It will come out of your pocket and go down a deep dark hole.
T
tomtr27
horror is now a reality in Germany. The Democrats of the USA are interested in a software program called SGB2, which effectively turns off the social welfare office. Slave provision service with no chance of advancement. Quality of life and over. Exchange trading for private individuals over. And the program finds the Sanders movement very good. If an American reads this then it is already done in Germany as a test country.
And the Derivatives Tax Act is published in the German Federal Gazette and by.
And the Derivatives Tax Act is published in the German Federal Gazette and by.
It wouldn't, since index futures are derivatives which are subject to CFTC oversight, which is separate from the SEC. Section 1256 contracts, baby!
Basically, here's what would happen if they tried to pull the FTT on futures. The Gubment/SEC are the pissers, and the CFTC are the BBoys cops at the end, beating the hell out of the SEC regulators.
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It wouldn't, since index futures are derivatives which are subject to CFTC oversight, which is separate from the SEC. Section 1256 contracts, baby!
Basically, here's what would happen if they tried to pull the FTT on futures. The Gubment/SEC are the pissers, and the CFTC are the BBoys cops at the end, beating the hell out of the SEC regulators.
wtf are you smoking? a gov't agency (CFTC) can't override a tax law that's passed by congress.
is this what outright denial looks like?
A stock futures transaction is not the same as a commodity futures transaction. We'll have to see the details of this bill before we can argue it further I reckon, because all I hear about the FFT from the grapevine is stocks stocks stocks.
read the actual proposals instead of just hearing from the grapevine. it literally says 0.1% across stocks/bonds/derivatives for bloomberg and 0.5%/0.1%/0.005% for stocks/bonds/derivatives respectively for sanders.
ironically, sanders' ftt is much lower than bloomberg's for derivatives. bloomberg is out of his mind for proposing a 0.1% across stocks, bonds, and derivatives. esp since he basically got rich off of people buying his services for trading.
now that he's got his billions, it's essentially a case of "i got mine, now fuck you."
at least sanders is honest and wants to do what he believes is best for the country (although i disagree with some of his methods).
bloomberg literally only cares about himself and accruing power. fuck bloomberg.
I made like $135k on about 500k shares of TSLA over a 4 day period a couple of weeks ago. I would say I traded it just fine. However, with this tax I would have had to pay $400k or so in taxes. Unless there's a massive increase in volatility then day trading would be pretty dead.