financial transaction tax is on the table for real
- Thread starter zdreg
- Start date
An FTT is inevitable. Could be next year, could be a decade from now. It will definitely be implemented in the aftermath of the next Wall Street crash/crisis, if not before.
If we're really lucky it will include large loopholes that let most retail traders carry on unaffected, but I wouldn't bet on it. We've already been lucky to have had a dozen good years since the GFC.
Every pro trader should be making appropriate plans: building up the nest egg, reducing overall portfolio risk, and diversifying into other businesses.
If we're really lucky it will include large loopholes that let most retail traders carry on unaffected, but I wouldn't bet on it. We've already been lucky to have had a dozen good years since the GFC.
Every pro trader should be making appropriate plans: building up the nest egg, reducing overall portfolio risk, and diversifying into other businesses.
Contract is it's notional value. What else?
Since Mini Mike has confirmed his plan, I truly hope funds dump the Bloomberg Terminal and cancel any Bloomberg subscription. Frankly, even proposing the idea has made me ban anything from Bloomberg. I refuse to even visit any of the websites or watch the channel.
an FTT is not inevitable. Just b/c a bunch of liberals propose it doesn't mean they actually want it. They are merely appeasing their base who thinks "wall street is bad". Wait another 5+ years, and everyone will forget about '08, and you will see this disappear from proposed legislation.
One sure way to make it disappear from sight is by not voting for supporting it presidential candidates during election.
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