Financial transactions tax ok'd in Europe
- Thread starter Optionpro007
- Start date
It's official. No longer just a rumor. The Pandora's box has been opened.
This is the financial world joking normal people and no-global.
In France it's applied only to liquid shares (derivatives left out).
In Italy it's applied to liquid shares,and it seems that it will be paid ONLY on overnight positions.So intraday trading is left out.This is the real joke.
Derivatives will suffer just a modification/cancellation fee similar to the one already present in Eurex.
Not to mention that currencies (those in James Tobin's mind) are unaffected.
Please call it FTT and don't insult James Tobin by calling it "Tobin tax".
In France it's applied only to liquid shares (derivatives left out).
In Italy it's applied to liquid shares,and it seems that it will be paid ONLY on overnight positions.So intraday trading is left out.This is the real joke.
Derivatives will suffer just a modification/cancellation fee similar to the one already present in Eurex.
Not to mention that currencies (those in James Tobin's mind) are unaffected.
Please call it FTT and don't insult James Tobin by calling it "Tobin tax".
no kidding, it's going to be hard to get around this one
How's that pro business colony in Honduras working out?
raise taxes on traders
they have plenty of money
it's only a penny
and the thing is, I'd be plenty willing to pay more social security or medicare taxes to make them solvent if that's what it costs
but don't single me out because I buy and sell something you don't understand
how bout a transaction tax on sanitary napkins and make up?
I don't need it, do you? who would that hurt? It's only a penny
it probably won't happen in my lifetime, and if it does, it will just start out as a penny
I watch them over on msnbc smiling and saying how it won't hurt anybody
what they don't realize is, they are taking the market out of the peoples hands, which is namely you and me, and turning it wholesale over to the big banks
and it's all done through the tax code
the most powerful tool ever devised by any politician (or the people that bribe him)
they can use the tax code to crush competition
I watch them over on msnbc smiling and saying how it won't hurt anybody
what they don't realize is, they are taking the market out of the peoples hands, which is namely you and me, and turning it wholesale over to the big banks
and it's all done through the tax code
the most powerful tool ever devised by any politician (or the people that bribe him)
they can use the tax code to crush competition
yeah, except it's like 114,000 pages,
and there are some really hardrcore believers over there
some of us just want to bitch and talk
we are not commiitted to an agenda
and I don't really like it when someone thinks they control the conversation
I'm not really trying to sign up for anything