Germany makes push for global financial tax

Mr. Steinbruck would go even further than Mr. Tobin, who died in 2002. The German minister proposes taxing trades in all types of financial instruments, including foreign exchange, stocks, bonds, derivatives and over-the-counter transactions. And he would target mainly institutional transactions by exempting retail investors.
 
Steinbruck thinks that retail will not pay this tax indirectly ?

Mr. Steinbruck is just another "poli-fool"....as the "poli-world" is full of them....or has axes to grind with a "non poli-funder"....

With the latter being more likely....


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Exchanges worldwide should be "de-fragmented" and 100% free of all taxes....so that innovations can happen at the least cost....and that wealth distribution will have a better day ahead....

Any moron should be able to easily see this....

I suggest this fool Mr. Poli go and have another glass of "political' wine....

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De-fragmentation....and a total invoke of the "BATS model" for all securities classes....means ease of electronic regulation.....and fairness for retail and institutional participants....when combined with wiki-style information....and total separation of the current conflicting business models....ie the GS model....

Mr. Poli is confusing his near term anger with what is actually best for all in the long term....

Anger is never rational....

Good logic is rational....

What Mr. Poli should be doing is unwinding the current conflicting business models....and establishing the new worldwide de-fragmented exchange....

The GS Blankfeins of the world will also come to a new pay reckoning when compared to China's $230,000 top pay scales...which means lots more efficiencies to come ....particularly in underwritings....

People like Mr. Poli cost the public years of future corrective actions....and is nothing more than a totally parasitic gas bag....
 
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